Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Clean Energy Fuels Corp. (NASDAQ:CLNE) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.59.

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

Clean Energy Fuels Stock Up 0.9%

Shares of Clean Energy Fuels stock opened at $2.25 on Friday. The business has a 50-day moving average price of $2.21 and a 200 day moving average price of $2.38. Clean Energy Fuels has a fifty-two week low of $1.30 and a fifty-two week high of $3.67. The firm has a market cap of $493.43 million, a P/E ratio of -2.42 and a beta of 2.13. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its position in shares of Clean Energy Fuels by 458.4% during the 1st quarter. AQR Capital Management LLC now owns 407,394 shares of the utilities provider’s stock valued at $631,000 after buying an additional 334,437 shares during the last quarter. Empowered Funds LLC acquired a new position in Clean Energy Fuels in the first quarter valued at approximately $579,000. Jane Street Group LLC grew its holdings in shares of Clean Energy Fuels by 13.5% during the first quarter. Jane Street Group LLC now owns 365,564 shares of the utilities provider’s stock valued at $567,000 after purchasing an additional 43,384 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Clean Energy Fuels during the 2nd quarter worth approximately $292,000. Finally, Versor Investments LP bought a new stake in shares of Clean Energy Fuels in the 2nd quarter worth approximately $104,000. 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.