Clean Energy Fuels (NASDAQ:CLNE) Stock Price Up 3.4%

Clean Energy Fuels Corp. (NASDAQ:CLNE) shot up 3.4% during mid-day trading on Friday . The company traded as high as $2.48 and last traded at $2.46. 221,104 shares traded hands during trading, a decline of 86% from the average session volume of 1,628,261 shares. The stock had previously closed at $2.38.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CLNE. Stifel Nicolaus cut their price target on shares of Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. StockNews.com raised shares of Clean Energy Fuels to a “sell” rating in a research report on Tuesday, April 9th. Raymond James dropped their price target on Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. Finally, Scotiabank reduced their price objective on Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.40.

Clean Energy Fuels Trading Up 2.5 %

The company has a current ratio of 2.87, a quick ratio of 2.59 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $2.74 and a 200-day moving average price of $3.28. The company has a market cap of $544.75 million, a P/E ratio of -5.55 and a beta of 2.06.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The firm had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $106.50 million. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. Analysts forecast that Clean Energy Fuels Corp. will post -0.48 earnings per share for the current fiscal year.

Institutional Trading of Clean Energy Fuels

A number of hedge funds have recently made changes to their positions in the business. Grassi Investment Management acquired a new stake in shares of Clean Energy Fuels during the 1st quarter worth about $36,000. Vanguard Group Inc. boosted its holdings in shares of Clean Energy Fuels by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 10,001,030 shares of the utilities provider’s stock worth $38,304,000 after acquiring an additional 357,860 shares during the period. Virtu Financial LLC bought a new stake in shares of Clean Energy Fuels during the fourth quarter worth approximately $108,000. Legal & General Group Plc grew its position in shares of Clean Energy Fuels by 3.2% in the fourth quarter. Legal & General Group Plc now owns 153,933 shares of the utilities provider’s stock valued at $590,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Clean Energy Fuels by 62.6% during the fourth quarter. Barclays PLC now owns 535,107 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 206,100 shares during the period. 49.94% of the stock is owned by institutional investors and hedge funds.

About Clean Energy Fuels

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.