Is Clean Energy Fuels Corp. (NASDAQ: CLNE) Back In The Buying Zone?

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Dimensional Fund Advisors LP recently announced the acquisition of new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE). The institutional investor has increased its shareholding in the Energy company by 2.13% to 11.09 million shares with purchase of 0.23 million shares. This fresh investment now brings its stake to 5.52% valued currently at $24.62 million. In addition, BlackRock Fund Advisors raised its holdings by 0.21 million to 9.21 million shares. And The Vanguard Group, Inc. has lifted its position by 1.64% or 0.12 million shares – to 7.35 million shares.

With over 2.82 million Clean Energy Fuels Corp. (CLNE) shares trading Wednesday and a closing price of $2.51 on the day, the dollar volume was approximately $7.08 million. The shares have shown a negative weekly performance of -12.24% and its price on 07/15/20 lost nearly -2.71%. Currently, there are 204.99M common shares owned by the public and among those 132.71M shares have been available to trade.

Incidentally, analysts’ outlook for the Clean Energy Fuels Corp. stock is 2.30 for the next 12 months.

Insiders at the company have transacted a total of 13 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 319,543 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 53,275 shares.

The top 3 mutual fund holders in Clean Energy Fuels Corp. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 3.93 million shares of the company’s stock, all valued at over $8.73 million. iShares Russell 2000 ETF sold 66435.0 shares to see its total holdings shrink to 2.61 million shares valued at over $5.81 million and representing 1.30% of the shares outstanding. Vanguard Extended Market Index Fu bought 698.0 shares to bring its total holdings to over 2.09 million shares at a value of $4.64 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.04% of the shares outstanding.

Shares of Clean Energy Fuels Corp. (NASDAQ: CLNE) opened at $2.64, up $0.06 from a prior closing price of $2.58. However, the script later closed the day at $2.51, down -2.71%. The company’s stock has a 5-day price change of -12.24% and 45.93% over the past three months. CLNE shares are trading 7.26% year to date (YTD), with the 12-month market performance down to -8.39% lower. It has a 12-month low price of $1.05 and touched a high of $3.75 over the same period. Currently, 2.82 million shares have been traded, compared to an average intraday trading volume of 2.52 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.85%, 14.82%, and 16.92% respectively.

Institutional ownership of Clean Energy Fuels Corp. (NASDAQ: CLNE) shares accounts for 29.30% of the company’s 204.99M shares outstanding. Mutual fund holders own 15.27%, while other institutional holders and individual stakeholders account for 36.76% and 14.44% respectively.

It has a market capitalization of $556.27M and a beta (3y monthly) value of 1.49. The stock’s trailing 12-month PE ratio is 16.09, while the earnings-per-share (ttm) stands at $0.16. The company has a PEG of 1.07 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.38% over the week and 9.97% over the month.

Analysts forecast that Clean Energy Fuels Corp. (CLNE) will achieve an EPS of -$0.03 for the current quarter, -$0.01 for the next quarter and -$0.06 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 572.50%, and -50.00% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 16.00% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Clean Energy Fuels Corp. (CLNE) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the CLNE, a number of firms have released research notes about the stock. Raymond James stated their Mkt Perform rating for the stock in a research note on February 03, 2020, with the firm’s price target at. Raymond James coverage for the Clean Energy Fuels Corp. (CLNE) stock in a research note released on July 05, 2018 offered a Underperform rating with a price target of. Raymond James was of a view on January 05, 2016 that the stock is Mkt Perform, while Northland Capital gave the stock Market Perform rating on October 24, 2014, issuing a price target of $10- $6. MLV & Co on their part issued Hold rating on October 17, 2014.

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