Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report)'s stock price rose 8% on Friday . The stock traded as high as $2.85 and last traded at $2.84. Approximately 956,435 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 2,091,877 shares. The stock had previously closed at $2.63.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Clean Energy Fuels from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Clean Energy Fuels presently has a consensus rating of "Buy" and an average target price of $5.38.
Get Our Latest Analysis on CLNE
Clean Energy Fuels Stock Up 9.1 %
The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $641.32 million, a P/E ratio of -9.26 and a beta of 2.14. The stock has a 50 day moving average price of $2.80 and a 200 day moving average price of $2.82.
Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $104.90 million during the quarter, compared to the consensus estimate of $100.64 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned ($0.12) earnings per share. On average, research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Clean Energy Fuels
A number of institutional investors have recently added to or reduced their stakes in the business. Eastern Bank acquired a new stake in shares of Clean Energy Fuels in the third quarter valued at about $31,000. Point72 DIFC Ltd acquired a new position in shares of Clean Energy Fuels in the 3rd quarter worth approximately $41,000. Zacks Investment Management bought a new stake in shares of Clean Energy Fuels in the 3rd quarter valued at $42,000. DRW Securities LLC bought a new position in Clean Energy Fuels during the second quarter worth $38,000. Finally, Algert Global LLC acquired a new position in Clean Energy Fuels in the second quarter valued at $45,000. 49.94% of the stock is owned by institutional investors.
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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