Clean Energy Fuels Corp. (NASDAQ:CLNE) has garnered a consensus rating of “Moderate Buy” from analysts following the stock, according to data from Marketbeat. This assessment comes from six ratings firms, with a mix of opinions on the company’s performance. Specifically, one analyst has issued a sell rating, while another has opted for a hold rating. Three analysts have given a buy rating, and one has issued a strong buy recommendation.
The average 12-month price target for Clean Energy Fuels among those covering the stock stands at $3.59. The ratings landscape reflects varying investor confidence, which is further emphasized by a recent report from Weiss Ratings that reaffirmed a “sell (d-)” rating on the company’s shares on October 8, 2023.
Current Stock Performance and Metrics
On Monday, shares of Clean Energy Fuels opened at $2.13, marking a decline of 2.3%. The stock has a fifty-day moving average of $2.24 and a 200-day moving average of $2.36. Currently, the company holds a market capitalization of $467.11 million and presents a price-to-earnings ratio of -2.29, indicating a loss rather than profit. The stock’s volatility is illustrated by a beta of 2.13.
Investors may find the company’s range over the past year notable, with a 52-week low of $1.30 and a 52-week high reaching $3.67. Clean Energy Fuels also reports a debt-to-equity ratio of 0.48, alongside a quick ratio of 2.39 and a current ratio of 2.69, suggesting a generally stable financial position.
About Clean Energy Fuels Corp.
Founded in 1997 and headquartered in Newport Beach, California, Clean Energy Fuels Corp. is a prominent provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of over 500 fueling stations throughout the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG), and RNG derived from organic waste streams.
The client base is diverse, encompassing commercial trucking fleets, public transit agencies, refuse haulers, and municipal vehicle operators. Beyond fuel supply, Clean Energy Fuels offers comprehensive services, including turnkey station design, construction, ongoing maintenance, fueling hardware, and project management.
As the clean energy sector continues to evolve, the performance and strategic positioning of Clean Energy Fuels Corp. will likely remain under close scrutiny from investors and analysts alike.
