Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) have been given an average recommendation of “Buy” by the five ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.60.

Separately, StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a report on Wednesday, August 14th.

Clean Energy Fuels Price Performance

CLNE stock opened at $3.25 on Monday. The firm has a 50 day moving average of $2.71 and a 200-day moving average of $2.68. The company has a market cap of $725.60 million, a price-to-earnings ratio of -9.29 and a beta of 2.15. 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 has a 12-month low of $2.17 and a 12-month high of $4.93.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. The firm had revenue of $97.95 million during the quarter, compared to analysts’ expectations of $106.45 million. Clean Energy Fuels had a negative return on equity of 11.09% and a negative net margin of 19.98%. Clean Energy Fuels’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share. As a group, equities analysts expect that Clean Energy Fuels will post -0.4 EPS for the current fiscal year.

Institutional Trading of Clean Energy Fuels

A number of institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new stake in shares of Clean Energy Fuels in the first quarter valued at about $33,000. Grassi Investment Management acquired a new stake in shares of Clean Energy Fuels during the first quarter worth $36,000. DRW Securities LLC acquired a new stake in Clean Energy Fuels during the second quarter worth about $38,000. Algert Global LLC bought a new position in Clean Energy Fuels in the second quarter worth about $45,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in Clean Energy Fuels in the first quarter valued at approximately $52,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

Clean Energy Fuels Company Profile

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.