In the last trading session, 7,696,732 shares of the Clean Energy Fuels Corp.(NASDAQ:CLNE) were traded, and its beta was 1.96. Most recently the company’s share price was $14.98, and it changed around $0.93 or 0.07% from the last close, which brings the market valuation of the company to $2.97 Billion. CLNE currently trades at a discount to its 52-week high of $19.79, offering almost -32.11% off that amount. The share price’s 52-week low was $1.05, which indicates that the current value has risen by an impressive 92.99% since then. We note from Clean Energy Fuels Corp.’s average daily trading volume that its 10-day average is 7.59 Million shares, with the 3-month average coming to 9.75 Million.
Clean Energy Fuels Corp. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.2. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended CLNE as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Clean Energy Fuels Corp. is expected to report earnings per share of $0 for the current quarter.
Clean Energy Fuels Corp. (NASDAQ:CLNE): Trading Information
Instantly CLNE has showed a green trend with a performance of 6.66% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $17.32 on Friday, Feb 12 increased the stock’s daily price by 13.51%. The company’s shares are currently up 0.91% year-to-date, but still down -0.1046 over the last five days. On the other hand, Clean Energy Fuels Corp. (NASDAQ:CLNE) is 0.51% up in the 30-day period. We can see from the shorts that 7.6 Million shares have been sold at a short interest cover period of 0.78 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bears needing to increase their stock price by 53.54% from its current value. Analyst projections state that CLNE is forecast to be at a low of $17 and a high of $27. In order for the stock price to hit the forecast high, the stock would need to surge +80.24% from its current level, while the stock would need to crash 13.48% from its current level to reach the projected low.
Clean Energy Fuels Corp. (CLNE) projections and forecasts
Clean Energy Fuels Corp. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +416.55 percent over the past six months and at a -120% annual growth rate that is well below the industry average of 1.3%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -100% in revenue this quarter, and will report a decline of -100% in the next quarter. The year-over-year growth rate is expected to be -16.3%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $71.3 Million in revenue for the current quarter. 4 analysts expect Clean Energy Fuels Corp. to make $73.22 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $119.61 Million and $86.01 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -40.4%. Forecasts for the next quarter put sales growth at -14.9%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16%. Clean Energy Fuels Corp. earnings are expected to increase by 572.5% in 2021, but the outlook is positive 15% per year for the next five years.
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Clean Energy Fuels Corp. (NASDAQ:CLNE)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 34.4% of Clean Energy Fuels Corp. shares, and 30.94% of them are in the hands of institutional investors. The stock currently has a share float of 47.17%. Clean Energy Fuels Corp. stock is held by 192 institutions, with Dimensional Fund Advisors LP being the largest institutional investor. By Sep 29, 2020, it held 5.56% of the shares, which is about 11.03 Million shares worth $27.36 Million.
Blackrock Inc., with 4.79% or 9.5 Million shares worth $74.63 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.