Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives $3.75 Consensus Price Target from Analysts

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) have been assigned a consensus recommendation of “Buy” from the five analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $3.59.

A number of equities analysts have recently commented on CLNE shares. Lake Street Capital lowered their price target on Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating for the company in a report on Friday, May 9th. Jefferies Financial Group cut Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 price target for the company. in a report on Friday, August 8th. Finally, UBS Group reissued a “buy” rating and set a $2.75 price target (up previously from $2.00) on shares of Clean Energy Fuels in a report on Tuesday.

Hedge Funds Weigh In On Clean Energy Fuels

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Clean Energy Fuels by 140.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider’s stock valued at $29,000 after buying an additional 8,738 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Clean Energy Fuels in the 4th quarter valued at about $31,000. Balyasny Asset Management L.P. bought a new stake in shares of Clean Energy Fuels in the 4th quarter valued at about $31,000. Tower Research Capital LLC TRC grew its position in shares of Clean Energy Fuels by 56.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock valued at $34,000 after buying an additional 4,894 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Clean Energy Fuels in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

Clean Energy Fuels stock opened at $2.30 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.51 and a current ratio of 2.83. Clean Energy Fuels has a 52 week low of $1.30 and a 52 week high of $3.67. The stock has a market capitalization of $504.37 million, a P/E ratio of -2.56 and a beta of 2.65. The stock has a fifty day moving average of $2.02 and a 200-day moving average of $2.02.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Clean Energy Fuels had a negative return on equity of 27.98% and a negative net margin of 48.40%. The company had revenue of $102.61 million during the quarter, compared to analysts’ expectations of $94.73 million. During the same quarter in the previous year, the firm earned $0.01 EPS. Clean Energy Fuels’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Clean Energy Fuels will post -0.33 earnings per share for the current fiscal year.

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.