Clean Energy Fuels Corp. [CLNE] is 17.09% higher this YTD. Is it still time to buy?

Clean Energy Fuels Corp. [NASDAQ: CLNE] stock went on an upward path that rose over 7.03% on Friday, amounting to a one-week price increase of more than 9.16%. The company report on September 10, 2020 that Demand for Renewable Natural Gas Accelerates as Clean Energy Inks Deals for Over 20 Million Gallons in Past 45 Days.

Transit Agencies, Waste Disposal Companies, and Truck Fleets Sign Contracts.

Clean Energy Fuels Corp. (NASDAQ: CLNE) announced new and extended contracts for more than 20 million gallons of Redeem™ renewable natural gas (RNG) to accommodate the continued demand across key business segments for the ultra-low carbon fuel produced from organic waste.

Over the last 12 months, CLNE stock rose by 29.86%. The average equity rating for CLNE stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $508.60 million, with 200.67 million shares outstanding and 130.48 million shares in the current float. Compared to the average trading volume of 3.16M shares, CLNE stock reached a trading volume of 4709829 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Clean Energy Fuels Corp. [CLNE]:

Raymond James have made an estimate for Clean Energy Fuels Corp. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on February 03, 2020. The new note on the price target was released on July 05, 2018, representing the official price target for Clean Energy Fuels Corp. stock. On October 24, 2014, analysts decreased their price target for CLNE shares from 10 to 6.

The Average True Range (ATR) for Clean Energy Fuels Corp. is set at 0.16, with the Price to Sales ratio for CLNE stock in the period of the last 12 months amounting to 1.50. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 0.52. Price to Free Cash Flow for CLNE in the course of the last twelve months was 18.43 with Quick ratio for the last quarter at 2.20.

CLNE Stock Performance Analysis:

Clean Energy Fuels Corp. [CLNE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.16. With this latest performance, CLNE shares dropped by -5.52% in over the last four-week period, additionally plugging by 85.14% over the last 6 months – not to mention a rise of 29.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLNE stock in for the last two-week period is set at 56.15, with the RSI for the last a single of trading hit 58.68, and the three-weeks RSI is set at 54.39 for Clean Energy Fuels Corp. [CLNE]. The present Moving Average for the last 50 days of trading for this stock 2.64, while it was recorded at 2.65 for the last single week of trading, and 2.27 for the last 200 days.

Insight into Clean Energy Fuels Corp. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Clean Energy Fuels Corp. [CLNE] shares currently have an operating margin of +4.41 and a Gross Margin at +25.36. Clean Energy Fuels Corp.’s Net Margin is presently recorded at +5.82.

Return on Total Capital for CLNE is now 2.43, given the latest momentum, and Return on Invested Capital for the company is 3.46. Return on Equity for this stock inclined to 3.92, with Return on Assets sitting at 2.77. When it comes to the capital structure of this company, Clean Energy Fuels Corp. [CLNE] has a Total Debt to Total Equity ratio set at 22.83. Additionally, CLNE Total Debt to Total Capital is recorded at 18.59, with Total Debt to Total Assets ending up at 15.67. Long-Term Debt to Equity for the company is recorded at 11.58, with the Long-Term Debt to Total Capital now at 9.43.

Reflecting on the efficiency of the workforce at the company, Clean Energy Fuels Corp. [CLNE] managed to generate an average of $49,566 per employee. Receivables Turnover for the company is 3.02 with a Total Asset Turnover recorded at a value of 0.48.Clean Energy Fuels Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.60.

CLNE Stock EPS

With the latest financial reports released by the company, Clean Energy Fuels Corp. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLNE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clean Energy Fuels Corp. go to 15.00%.

Clean Energy Fuels Corp. [CLNE] Insider Position Details

There are presently around $160 million, or 29.80% of CLNE stock, in the hands of institutional investors. The top three institutional holders of CLNE stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 11,033,240, which is approximately -0.5% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 9,626,934 shares of the stock with an approximate value of $26.38 million in CLNE stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $21.65 million in CLNE stock with ownership of nearly -12.616% of the company’s market capitalization.

Positions in Clean Energy Fuels Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 63 institutional holders increased their position in Clean Energy Fuels Corp. [NASDAQ:CLNE] by around 4,733,805 shares. Additionally, 55 investors decreased positions by around 3,596,130 shares, while 35 investors held positions by with 49,993,862 shares. The mentioned changes placed institutional holdings at 58,323,797 shares, according to the latest SEC report filing. CLNE stock had 26 new institutional investments in for a total of 2,250,554 shares, while 18 institutional investors sold positions of 674,843 shares during the same period.

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