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

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) have received a consensus recommendation of "Buy" from the five research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.60.

Separately, StockNews.com raised Clean Energy Fuels to a "sell" rating in a research note on Wednesday, August 14th.

Hedge Funds Weigh In On Clean Energy Fuels

A number of institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Clean Energy Fuels by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider's stock worth $187,000 after purchasing an additional 6,637 shares during the period. Rhumbline Advisers boosted its holdings in Clean Energy Fuels by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider's stock valued at $782,000 after acquiring an additional 6,989 shares during the period. Brown Advisory Inc. boosted its holdings in Clean Energy Fuels by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 49,736 shares of the utilities provider's stock valued at $190,000 after acquiring an additional 9,736 shares during the period. Alterna Wealth Management Inc. boosted its holdings in Clean Energy Fuels by 100.0% during the 4th quarter. Alterna Wealth Management Inc. now owns 20,000 shares of the utilities provider's stock valued at $77,000 after acquiring an additional 10,000 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Clean Energy Fuels by 30.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider's stock valued at $119,000 after acquiring an additional 10,437 shares during the period. Hedge funds and other institutional investors own 49.94% of the company's stock.

Clean Energy Fuels Price Performance

CLNE traded down $0.02 on Monday, hitting $3.23. 1,025,849 shares of the company's stock traded hands, compared to its average volume of 1,671,880. The company's 50 day simple moving average is $2.72 and its 200-day simple moving average is $2.68. The firm has a market cap of $721.14 million, a price-to-earnings ratio of -9.23 and a beta of 2.15. Clean Energy Fuels has a one year low of $2.17 and a one year high of $4.93. The company has a current ratio of 3.14, a quick ratio of 2.80 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. Clean Energy Fuels had a negative return on equity of 11.09% and a negative net margin of 19.98%. The business had revenue of $97.95 million for the quarter, compared to the consensus estimate of $106.45 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company's revenue was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Clean Energy Fuels will post -0.4 EPS for the current 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.