The stock of Clean Energy Fuels Corp. (NASDAQ:CLNE) last traded at $4.59, up 2.23% from the previous session.
Data from the available sources indicates that Clean Energy Fuels Corp. (NASDAQ:CLNE) is covered by 11 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $5.50, we find $7.00. Given the previous closing price of $4.49, this indicates a potential upside of 55.9 percent. CLNE stock price is now 6.49% away from the 50-day moving average and -18.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.
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In total, 1 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $9.43 as their price target over the next twelve months.
In other news, Corbus Barclay, SVP, STRATEGIC DEVELOPMENT sold 5,643 shares of the company’s stock on Feb 27. The stock was sold for $32,133 at an average price of $5.69. Upon completion of the transaction, the SVP, STRATEGIC DEVELOPMENT now directly owns 624,458 shares in the company, valued at $2.87 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 $2.89 million. Insiders disposed of 266,601 shares of company stock worth roughly $1.22 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 GMT CAPITAL CORP during the first quarter worth $5,005,000. JUMP FINANCIAL, LLC invested $1,336,000 in shares of CLNE during the first quarter. In the first quarter, GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in Clean Energy Fuels Corp. valued at approximately $814,000. FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ acquired a new stake in CLNE for approximately $330,000. CIPHER CAPITAL LP purchased a new stake in CLNE valued at around $192,000 in the second quarter. In total, there are 295 active investors with 47.70% ownership of the company’s stock.
With an opening price of $4.4300 on Monday morning, Clean Energy Fuels Corp. (NASDAQ: CLNE) set off the trading day. During the past 12 months, Clean Energy Fuels Corp. has had a low of $3.84 and a high of $8.58. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 2.90, and a quick ratio of 2.70. The fifty day moving average price for CLNE is $4.3154 and a two-hundred day moving average price translates $5.6472 for the stock.
The latest earnings results from Clean Energy Fuels Corp. (NASDAQ: CLNE) was released for Mar, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at -$0.07, missing analysts’ expectations of -$0.04 by -0.03. This compares to -$0.11 EPS in the same period last year. The net profit margin was -15.60% and return on equity was -10.20% for CLNE. The company reported revenue of $132.18 million for the quarter, compared to $83.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.31 percent. For the current quarter, analysts expect CLNE to generate $103.75M 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 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 vehicle 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, 2022, the company served approximately 1,000 fleet customers operating approximately 50,000 vehicles. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.
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