Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $3.59.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Wednesday, January 21st.

Hedge Funds Weigh In On Clean Energy Fuels

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its position in shares of Clean Energy Fuels by 40.3% in the fourth quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 4,791 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Clean Energy Fuels by 54.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after buying an additional 5,254 shares during the period. Rhumbline Advisers lifted its position in Clean Energy Fuels by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 270,664 shares of the utilities provider’s stock worth $528,000 after buying an additional 5,933 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Clean Energy Fuels by 6.0% during the 2nd quarter. Franklin Resources Inc. now owns 126,655 shares of the utilities provider’s stock valued at $247,000 after buying an additional 7,142 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Clean Energy Fuels by 140.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider’s stock valued at $29,000 after buying an additional 8,738 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Stock Up 2.3%

CLNE stock opened at $2.25 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.69 and a quick ratio of 2.39. The firm has a market capitalization of $493.43 million, a P/E ratio of -2.42 and a beta of 2.20. Clean Energy Fuels has a 52-week low of $1.30 and a 52-week high of $3.67. The company’s 50 day simple moving average is $2.21 and its 200-day simple moving average is $2.39.

About Clean Energy Fuels

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.