Clean Energy Fuels Corp. (CLNE) Outlook Starting To Look Brighter?


    The Vanguard Group, Inc. has recently announced that it has increased stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 0.41%. After grabbing 7.38 million shares, the institutional investor is now in possession of 30096.0 shares of the Energy Company. The new investment brought the stake of investor firm to 3.67% having worth around $17.57 million. Moreover, SSgA Funds Management, Inc. increased its share by 42672.0 to have a control over 2.62 million shares. And Northern Trust Investments, Inc.(.. raised its holdings to 0.68 million shares by acquiring 2.32 million shares or 1.15% of the stake.

    Clean Energy Fuels Corp. (CLNE) concluded trading on 08/26/20 at a closing price of $2.72, with 1.08 million shares of worth about $2.93 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -6.21% during that period and on Wednesday the price saw a loss of about -2.16%. Currently the company’s common shares owned by public are about 200.67M shares, out of which, 130.48M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the CLNE stock and their offered price forecasts bring an average price target of $5.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $5.00. Analysts also issued an outlook of 2.30 for the Clean Energy Fuels Corp. stock for next 12 months. However, touching the estimated high of $6.00 would mean a gain of 54.67% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 13 times over the past 12 months. They bought 319,543 shares in 11 of the transactions. In 2 selling transactions, insiders dumped 53,275 shares.

    Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Clean Energy Fuels Corp. Vanguard Total Stock Market Index is currently holding 3.77 million shares of worth totaling $8.96 million. The company recently came selling -0.17 million shares which brought its stake up to 1.88% of the company’s outstanding shares. iShares Russell 2000 ETF sold -0.12 million shares, after which its hold over company’s outstanding shares shrunk to 1.31%, leaving 2.62 million shares with the mutual fund that have a worth of about $6.24 million. Vanguard Extended Market Index Fu, after selling 1.95 million shares, have now control over 0.97% of the stake in the company. It holds -0.11 million shares of worth $4.64 million.

    Clean Energy Fuels Corp. (NASDAQ: CLNE) started trading at $2.76, below -$0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $2.72, or with a loss of -2.16%. Stock saw a price change of -6.21% in past 5 days and over the past one month there was a price change of 11.02%. Year-to-date (YTD), CLNE shares are showing a performance of 16.24% which increased to 39.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.05 but also hit the highest price of $3.75 during that period. While comparing its average daily trading volume of 2.99 million shares, we see that about 1.08 million changed hands on the day. The stock is currently trading -0.60% below its 20-day simple moving average (SMA20), while that difference is up 8.35% for SMA50 and it goes to 22.65% higher than SMA200.

    The Vanguard Group, Inc. acquired 7.38 million shares of Clean Energy Fuels Corp. having value of about $17.57 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 30096.0 shares in the company valued at close to $81861.12, or have control over 0.41% stake in the company. Clean Energy Fuels Corp. (NASDAQ: CLNE) currently have 200.67M outstanding shares and institutions hold larger chunk of about 29.80% of that. Holding of mutual funds in the company is about 15.97% while other institutional holders and individual stake holders have control over 36.76% and 13.78% of the stake respectively.

    The stock has a current market capitalization of $553.74M and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 18.26, while it has posted earnings per share of $0.15 in the same period. Its PEG reads 1.22 and has Quick Ratio of 2.20 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLNE, volatility over the week remained 4.70% while standing at 5.96% over the month.

    Analysts are in expectations that Clean Energy Fuels Corp. (CLNE) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter ESPS is $0 and it is -$0.06 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 572.50% while it is estimated to decrease by -50.00% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 16.00% made by the stock over the past 5-years.

    Analysts at 3 brokerage firms have issued recommendations for the Clean Energy Fuels Corp. (CLNE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on February 03, 2020 offering a Mkt perform rating for the stock and assigned a target price of to it. Coverage by Raymond James stated Clean Energy Fuels Corp. (CLNE) stock as an Underperform in their note to investors on July 05, 2018, suggesting a price target of for the stock. On January 05, 2016, Raymond James Upgrade their recommendations, while on October 24, 2014, Northland Capital Reiterated their ratings for the stock with a price target of $6. Stock get a Hold rating from MLV & Co on October 17, 2014.


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