Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $3.40 and last traded at $3.37, with a volume of 1149136 shares traded. The stock had previously closed at $3.26.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Monday, January 27th.
Check Out Our Latest Stock Analysis on CLNE
Clean Energy Fuels Stock Performance
The firm has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $2.89. The firm has a market cap of $692.72 million, a PE ratio of -10.00 and a beta of 2.16. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36.
Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $104.90 million during the quarter, compared to analysts' expectations of $100.64 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) earnings per share. Research analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Eastern Bank acquired a new position in shares of Clean Energy Fuels in the third quarter worth about $31,000. Point72 DIFC Ltd acquired a new stake in Clean Energy Fuels in the 3rd quarter valued at about $41,000. Zacks Investment Management acquired a new stake in shares of Clean Energy Fuels during the third quarter worth $42,000. Algert Global LLC purchased a new position in shares of Clean Energy Fuels during the second quarter valued at $45,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Clean Energy Fuels by 235.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider's stock worth $57,000 after acquiring an additional 12,929 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.
Clean Energy Fuels Company Profile
(
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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.
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