Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) shares shot up 7.3% during mid-day trading on Tuesday . The stock traded as high as $5.45 and last traded at $5.42. 124,658 shares traded hands during trading, a decline of 95% from the average session volume of 2,747,858 shares. The stock had previously closed at $5.05.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Scotiabank assumed coverage on Clean Energy Fuels in a research note on Thursday, September 8th. They issued a "sector outperform" rating and a $13.00 price objective on the stock. TheStreet raised Clean Energy Fuels from a "d" rating to a "c-" rating in a research report on Wednesday, August 17th. Raymond James downgraded Clean Energy Fuels from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 16th. Finally, StockNews.com downgraded Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.90.
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Clean Energy Fuels Stock Performance
The firm has a 50 day moving average of $6.63 and a 200-day moving average of $6.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.72 and a current ratio of 3.00.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CLNE. Raymond James & Associates raised its stake in shares of Clean Energy Fuels by 174.3% in the 4th quarter. Raymond James & Associates now owns 43,931 shares of the utilities provider's stock valued at $269,000 after buying an additional 27,914 shares in the last quarter. HighTower Advisors LLC lifted its stake in Clean Energy Fuels by 31.9% during the fourth quarter. HighTower Advisors LLC now owns 15,020 shares of the utilities provider's stock worth $91,000 after purchasing an additional 3,633 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Clean Energy Fuels during the fourth quarter valued at approximately $297,000. Ensign Peak Advisors Inc bought a new stake in shares of Clean Energy Fuels in the 4th quarter valued at approximately $174,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Clean Energy Fuels in the 4th quarter worth approximately $125,000. 45.33% of the stock is currently owned by institutional investors and hedge funds.
About Clean Energy Fuels
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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.
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