In the last trading session, 3.89 million Clean Energy Fuels Corp (NASDAQ:CLNE) shares changed hands as the company’s beta touched 2.29. With the company’s per share price at $3.45 changed hands at $0.35 or 11.29% during last session, the market valuation stood at $770.93M. CLNE’s last price was a discount, traded about -0.58% off its 52-week high of $3.47. The share price had its 52-week low at $2.17, which suggests the last value was 37.1% up since then. When we look at Clean Energy Fuels Corp’s average trading volume, we note the 10-day average is 2.88 million shares, with the 3-month average coming to 2.35 million.
Analysts gave the Clean Energy Fuels Corp (CLNE) stock a consensus recommendation rating of Strong Buy, calculated at a mean rating of 1.22. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended CLNE as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Clean Energy Fuels Corp (NASDAQ:CLNE) trade information
Instantly CLNE was in green as seen at the end of in last trading. With action 9.18%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 37.45%, with the 5-day performance at 9.18% in the green. However, in the 30-day time frame, Clean Energy Fuels Corp (NASDAQ:CLNE) is 31.18% up. Looking at the short shares, we see there were 10.51 million shares sold at short interest cover period of 4.3 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 31.0% from its current market value. According to analyst projections, CLNE’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -44.93% plunge from its current level, while the stock would need to soar -44.93% for it to hit the projected low.
Clean Energy Fuels Corp (CLNE) estimates and forecasts
Data shows that the Clean Energy Fuels Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 32.69% over the past 6 months, a -16.67% in annual growth rate that is considerably lower than the industry average of -2.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -84.29%. The 2025 estimates are for Clean Energy Fuels Corp earnings to increase by 114.32%.
Clean Energy Fuels Corp (NASDAQ:CLNE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 20.89% of Clean Energy Fuels Corp shares while 52.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.05%. There are 52.25% institutions holding the Clean Energy Fuels Corp stock share, with GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC the top institutional holder. As of 2024-06-30, the company held 8.5482% of the shares, roughly 19.08 million CLNE shares worth $50.94 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.7661% or 15.1 million shares worth $40.32 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and GMO Climate Change Fund. With 5.4 shares estimated at $18.64 million under it, the former controlled 2.42% of total outstanding shares. On the other hand, GMO Climate Change Fund held about 2.17% of the shares, roughly 4.85 shares worth around $16.72 million.
