Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives $5.60 Consensus Price Target from Analysts

Clean Energy Fuels Corp. (NASDAQ:CLNE) has been given an average recommendation of “Buy” by the five brokerages that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.60.

A number of research analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Raymond James dropped their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 3rd. Stifel Nicolaus decreased their price objective on shares of Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Scotiabank decreased their price objective on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Finally, StockNews.com raised shares of Clean Energy Fuels to a “sell” rating in a research report on Tuesday, April 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLNE. Grassi Investment Management acquired a new position in Clean Energy Fuels during the first quarter worth about $36,000. Arkadios Wealth Advisors purchased a new stake in shares of Clean Energy Fuels in the third quarter valued at about $38,000. Prio Wealth Limited Partnership purchased a new stake in shares of Clean Energy Fuels in the fourth quarter valued at about $38,000. Xponance Inc. purchased a new stake in shares of Clean Energy Fuels in the third quarter valued at about $39,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Clean Energy Fuels by 1,052.6% in the third quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 10,000 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Trading Down 1.7 %

Shares of Clean Energy Fuels stock opened at $2.25 on Tuesday. The firm has a market capitalization of $502.34 million, a PE ratio of -5.11 and a beta of 2.06. Clean Energy Fuels has a twelve month low of $2.17 and a twelve month high of $5.25. The firm’s 50-day moving average price is $2.62 and its 200 day moving average price is $3.19. The company has a current ratio of 2.87, a quick ratio of 2.59 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. The firm had revenue of $106.86 million for the quarter, compared to analyst estimates of $106.50 million. On average, sell-side analysts predict that Clean Energy Fuels will post -0.44 EPS 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.