Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives Average Recommendation of “Buy” from Analysts

Clean Energy Fuels Corp. (NASDAQ:CLNEGet Free Report) has earned an average recommendation of “Buy” from the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.25.

A number of research firms have weighed in on CLNE. StockNews.com raised shares of Clean Energy Fuels to a “sell” rating in a report on Friday, November 10th. Stifel Nicolaus cut their price objective on shares of Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, January 23rd.

Check Out Our Latest Stock Analysis on CLNE

Hedge Funds Weigh In On Clean Energy Fuels

A number of hedge funds have recently modified their holdings of CLNE. ECP ControlCo LLC purchased a new position in shares of Clean Energy Fuels during the fourth quarter worth approximately $13,493,000. State Street Corp grew its position in shares of Clean Energy Fuels by 19.6% during the second quarter. State Street Corp now owns 12,696,002 shares of the utilities provider’s stock worth $56,878,000 after acquiring an additional 2,082,455 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Clean Energy Fuels in the 3rd quarter valued at $6,997,000. Dimensional Fund Advisors LP increased its stake in Clean Energy Fuels by 16.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,089,049 shares of the utilities provider’s stock valued at $43,988,000 after buying an additional 1,435,096 shares during the period. Finally, Point72 Asset Management L.P. raised its position in Clean Energy Fuels by 297.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,306,350 shares of the utilities provider’s stock worth $6,479,000 after buying an additional 977,788 shares during the last quarter. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Stock Down 1.7 %

Shares of NASDAQ:CLNE opened at $2.84 on Thursday. The firm’s 50 day moving average price is $3.45 and its 200 day moving average price is $3.81. The stock has a market cap of $633.38 million, a price-to-earnings ratio of -6.76 and a beta of 2.13. Clean Energy Fuels has a fifty-two week low of $2.74 and a fifty-two week high of $5.98. The company has a quick ratio of 2.42, a current ratio of 2.69 and a debt-to-equity ratio of 0.21.

Clean Energy Fuels (NASDAQ:CLNEGet Free Report) last issued its earnings results on Thursday, November 9th. The utilities provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Clean Energy Fuels had a negative net margin of 21.56% and a negative return on equity of 13.19%. The firm had revenue of $95.57 million during the quarter, compared to analyst estimates of $109.91 million. As a group, equities research analysts predict that Clean Energy Fuels will post -0.46 earnings per share for the current fiscal year.

About Clean Energy Fuels

(Get Free Report

Clean Energy Fuels Corp. provides natural gas as an alternative fuel 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.

See Also

Analyst Recommendations for Clean Energy Fuels (NASDAQ:CLNE)

Receive News & Ratings for Clean Energy Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Energy Fuels and related companies with MarketBeat.com's FREE daily email newsletter.