Clean Energy Fuels Corp. [NASDAQ: CLNE] traded at a high on 04/19/21, posting a 6.28 gain after which it closed the day’ session at $11.84. The company report on April 19, 2021 that Clean Energy Signs Agreement with Amazon for Low and Negative Carbon RNG.
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced that it has signed an agreement with Amazon (Nasdaq: AMZN) to provide low and negative carbon renewable natural gas (RNG). The fuel will be provided at 27 existing Clean Energy fueling stations and another 19 non-exclusive new or upgraded Clean Energy-owned stations that Clean Energy expects to be constructed by the end of the year. The new and existing stations will provide RNG in 15 different states.
“If the world is really going to tackle the issue of climate change, all of us need to find solutions that work both environmentally and economically, and that is exactly what this agreement supports,” said Andrew J. Littlefair, CEO and president of Clean Energy. “Clean Energy was the first to commercially make RNG available as a vehicle fuel in 2013 and now fuels tens of thousands of vehicles across the country every day.”.
The results of the trading session contributed to over 69517554 shares changing hands. Over the past one week, the price volatility of Clean Energy Fuels Corp. stands at 10.17% while the volatility over the past one month is 8.90%.
The market cap for CLNE stock reached $2.35 billion, with 198.21 million shares outstanding and 130.00 million shares in the current float. Compared to the average trading volume of 7.36M shares, CLNE reached a trading volume of 69517554 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Clean Energy Fuels Corp. [CLNE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLNE shares is $19.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLNE stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Clean Energy Fuels Corp. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 26, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on February 03, 2021, representing the official price target for Clean Energy Fuels Corp. stock.
The Average True Range (ATR) for Clean Energy Fuels Corp. is set at 1.21, with the Price to Sales ratio for CLNE stock in the period of the last 12 months amounting to 8.07. The Price to Book ratio for the last quarter was 4.57, with the Price to Cash per share for the same quarter was set at 0.70. Price to Free Cash Flow for CLNE in the course of the last twelve months was 49.36 with Quick ratio for the last quarter at 2.90.
How has CLNE stock performed recently?
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 5.90. With this latest performance, CLNE shares dropped by -17.66% in over the last four-week period, additionally plugging by 335.29% over the last 6 months – not to mention a rise of 554.14% 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 44.03, with the RSI for the last a single of trading hit 42.90, and the three-weeks RSI is set at 46.04 for Clean Energy Fuels Corp. [CLNE]. The present Moving Average for the last 50 days of trading for this stock 13.83, while it was recorded at 11.52 for the last single week of trading, and 6.73 for the last 200 days.
Clean Energy Fuels Corp. [CLNE]: Deeper insight into the 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 -4.15 and a Gross Margin at +19.51. Clean Energy Fuels Corp.’s Net Margin is presently recorded at -3.41.
Return on Total Capital for CLNE is now -1.84, given the latest momentum, and Return on Invested Capital for the company is -1.62. Return on Equity for this stock declined to -1.88, with Return on Assets sitting at -1.32. 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 22.51. Additionally, CLNE Total Debt to Total Capital is recorded at 18.37, with Total Debt to Total Assets ending up at 16.17. Long-Term Debt to Equity for the company is recorded at 21.10, with the Long-Term Debt to Total Capital now at 17.22.
Reflecting on the efficiency of the workforce at the company, Clean Energy Fuels Corp. [CLNE] managed to generate an average of -$21,213 per employee. Receivables Turnover for the company is 2.48 with a Total Asset Turnover recorded at a value of 0.39.Clean Energy Fuels Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 3.30.
Earnings analysis for Clean Energy Fuels Corp. [CLNE]
With the latest financial reports released by the company, Clean Energy Fuels Corp. posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 200.00%. 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%.
Insider trade positions for Clean Energy Fuels Corp. [CLNE]
There are presently around $697 million, or 32.20% 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 11,013,905, which is approximately -0.158% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 9,495,521 shares of the stock with an approximate value of $105.78 million in CLNE stocks shares; and VANGUARD GROUP INC, currently with $77.19 million in CLNE stock with ownership of nearly 3.865% of the company’s market capitalization.
Positions in Clean Energy Fuels Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 88 institutional holders increased their position in Clean Energy Fuels Corp. [NASDAQ:CLNE] by around 8,211,403 shares. Additionally, 68 investors decreased positions by around 5,655,481 shares, while 30 investors held positions by with 48,656,000 shares. The mentioned changes placed institutional holdings at 62,522,884 shares, according to the latest SEC report filing. CLNE stock had 43 new institutional investments in for a total of 3,994,058 shares, while 20 institutional investors sold positions of 1,108,437 shares during the same period.