Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Average Recommendation of “Moderate Buy” by Brokerages

Clean Energy Fuels Corp. (NASDAQ:CLNE) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.59.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Clean Energy Fuels in a research note on Wednesday, January 21st.

Clean Energy Fuels Trading Down 2.3%

Clean Energy Fuels stock opened at $2.55 on Tuesday. The stock has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.44. The company has a market capitalization of $559.22 million, a price-to-earnings ratio of -2.74 and a beta of 2.20. Clean Energy Fuels has a 52 week low of $1.30 and a 52 week high of $3.11. The company has a quick ratio of 2.39, a current ratio of 2.69 and a debt-to-equity ratio of 0.48.

Institutional Investors Weigh In On Clean Energy Fuels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versor Investments LP acquired a new stake in shares of Clean Energy Fuels during the 2nd quarter worth approximately $104,000. Moors & Cabot Inc. lifted its stake in shares of Clean Energy Fuels by 6.4% in the 2nd quarter. Moors & Cabot Inc. now owns 426,795 shares of the utilities provider’s stock valued at $832,000 after purchasing an additional 25,500 shares during the period. XTX Topco Ltd boosted its holdings in Clean Energy Fuels by 24.3% during the second quarter. XTX Topco Ltd now owns 482,865 shares of the utilities provider’s stock worth $942,000 after buying an additional 94,280 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Clean Energy Fuels during the second quarter valued at $149,000. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in Clean Energy Fuels during the second quarter valued at $37,000. 49.94% of the stock is owned by institutional investors and hedge funds.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.