Is Clean Energy Fuels Corp (NASDAQ: CLNE) Still A Loss Stock Despite Being Down -34.99% YTD?


During the last session, Clean Energy Fuels Corp (NASDAQ:CLNE)’s traded shares were 1.45 million, with the beta value of the company hitting 2.08. At the end of the trading day, the stock’s price was $2.49, reflecting an intraday loss of -1.19% or -$0.03. The 52-week high for the CLNE share is $5.25, that puts it down -110.84 from that peak though still a striking 6.83% gain since the share price plummeted to a 52-week low of $2.32. The company’s market capitalization is $555.87M, and the average intraday trading volume over the past 10 days was 1.81 million shares, and the average trade volume was 1.65 million shares over the past three months.

Clean Energy Fuels Corp (NASDAQ:CLNE) trade information

Clean Energy Fuels Corp (CLNE) registered a -1.19% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.19% in intraday trading to $2.49, hitting a weekly high. The stock’s 5-day price performance is 0.81%, and it has moved by -12.63% in 30 days. Based on these gigs, the overall price performance for the year is -42.89%. The short interest in Clean Energy Fuels Corp (NASDAQ:CLNE) is 13.86 million shares and it means that shorts have 7.59 day(s) to cover.

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Clean Energy Fuels Corp (CLNE) estimates and forecasts

Statistics show that Clean Energy Fuels Corp has outperformed its competitors in share price, compared to the industry in which it operates. Clean Energy Fuels Corp (CLNE) shares have gone down -30.64% during the last six months, with a year-to-date growth rate more than the industry average at 16.67% against -1.20. In the rating firms’ projections, revenue will increase 3.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $98.93 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $106.25 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $132.18 million and $90.55 million respectively. In this case, analysts expect current quarter sales to shrink by -25.20% and then jump by 17.30% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -84.29%. While earnings are projected to return 36.72% in 2024.

CLNE Dividends

Clean Energy Fuels Corp is due to release its next quarterly earnings between May 07 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Clean Energy Fuels Corp (NASDAQ:CLNE)’s Major holders

Clean Energy Fuels Corp insiders own 21.11% of total outstanding shares while institutional holders control 51.07%, with the float percentage being 64.74%. Grantham, Mayo, Van Otterloo & Co. LLC is the largest shareholder of the company, while 289 institutions own stock in it. As of Jun 29, 2023, the company held over 14.04 million shares (or 6.30% of all shares), a total value of $69.64 million in shares.

The next largest institutional holding, with 13.52 million shares, is of Blackrock Inc.’s that is approximately 6.06% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $67.07 million.

Also, the Mutual Funds coming in first place with the largest holdings of Clean Energy Fuels Corp (CLNE) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 5.11 million shares. This amounts to just over 2.29 percent of the company’s overall shares, with a $25.34 million market value. The same data shows that the other fund manager holds slightly less at 3.86 million, or about 1.73% of the stock, which is worth about $16.46 million.