In yesterday’s Wall Street session, Clean Energy Fuels Corp. (NASDAQ:CLNE) shares traded at $5.72, up 1.06% from the previous session.
11 analysts cover Clean Energy Fuels Corp. (NASDAQ:CLNE), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $7.00, we find $11.50. Given the previous closing price of $5.66, this indicates a potential upside of 103.18 percent. CLNE stock price is now -0.89% away from the 50-day moving average and -3.72% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
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The stock has received a hold rating from 2 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $13.05 as their price target over the next twelve months.
With the price target of $12, UBS recently initiated with Buy rating for Clean Energy Fuels Corp. (NASDAQ: CLNE). On October 19, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $9, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’.
In other news, Pratt Mitchell W, COO AND SECRETARY sold 8,140 shares of the company’s stock on Jan 23. The stock was sold for $45,307 at an average price of $5.57. Upon completion of the transaction, the COO AND SECRETARY now directly owns 854,313 shares in the company, valued at $4.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 23, SVP, STRATEGIC DEVELOPMENT Corbus Barclay sold 11,286 shares of the business’s stock. A total of $61,960 was realized by selling the stock at an average price of $5.49. This leaves the insider owning 630,101 shares of the company worth $3.6 million. Insiders disposed of 200,000 shares of company stock worth roughly $1.14 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CLNE stock. A new stake in Clean Energy Fuels Corp. shares was purchased by HITE HEDGE ASSET MANAGEMENT LLC during the first quarter worth $10,513,000. AMERIPRISE FINANCIAL INC invested $5,944,000 in shares of CLNE during the first quarter. In the first quarter, CLEAR SKY ADVISERS, LLC acquired a new stake in Clean Energy Fuels Corp. valued at approximately $1,773,000. DEKABANK DEUTSCHE GIROZENTRALE acquired a new stake in CLNE for approximately $1,716,000. BOOTHBAY FUND MANAGEMENT, LLC purchased a new stake in CLNE valued at around $1,018,000 in the second quarter. In total, there are 282 active investors with 47.70% ownership of the company’s stock.
On Wednesday morning Clean Energy Fuels Corp. (NASDAQ: CLNE) stock kicked off with the opening price of $5.63. During the past 12 months, Clean Energy Fuels Corp. has had a low of $4.02 and a high of $8.65. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.70, and a quick ratio of 2.40. The fifty day moving average price for CLNE is $5.77 and a two-hundred day moving average price translates $5.94 for the stock.
The latest earnings results from Clean Energy Fuels Corp. (NASDAQ: CLNE) was released for Jun, 2022. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $0, beating analysts’ expectations of -$0.03 by 0.03. This compares to -$0.02 EPS in the same period last year. The net profit margin was -12.20% and return on equity was -6.70% for CLNE. The company reported revenue of $125.69 million for the quarter, compared to $86.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.99 percent. For the current quarter, analysts expect CLNE to generate $121.51M in revenue.
Clean Energy Fuels Corp.(CLNE) Company Profile
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily 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. The company also designs, builds, operates, and maintains fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations. In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives. Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. As of December 31, 2021, the company served approximately 1,000 fleet customers operating approximately 48,000 vehicles; and owned, operated, or supplied approximately 548 fueling stations in 42 states in the United States and 25 fueling stations in Canada. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.
