Clean Energy Fuels Corp. Hits New 52-Week Low at $10.63 (CLNE)
Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) hit a new 52-week low on Wednesday, AnalystRatings.NET reports. The company traded as low as $10.63 and last traded at $11.14, with a volume of 3,308,875 shares trading hands. The stock had previously closed at $11.38.
Separately, analysts at Piper Jaffray Cos. reiterated a “sell” rating on shares of Clean Energy Fuels Corp. in a research note to investors on Tuesday. They now have a $4.50 price target on the stock, down previously from $9.50. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.14.
Clean Energy Fuels Corp. has a 52 week low of $10.90 and a 52 week high of $14.82. The stock has a 50-day moving average of $12.74 and a 200-day moving average of $12.9. The company’s market cap is $1.003 billion.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.04. The company had revenue of $88.10 million for the quarter, compared to the consensus estimate of $87.23 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. On average, analysts predict that Clean Energy Fuels Corp. will post $-0.40 earnings per share for the current fiscal year.
Clean Energy Fuels Corp., incorporated in April 2001, is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, based on the number of stations operated and the amount of gasoline gallon equivalents of compressed natural gas (NASDAQ:CLNE), and liquefied natural gas (LNG), delivered.
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