The stock of Clean Energy Fuels Corp (NASDAQ:CLNE) is a huge mover today! About 1.17 million shares traded hands. Clean Energy Fuels Corp (NASDAQ:CLNE) has risen 19.16% since April 14, 2016 and is uptrending. It has outperformed by 14.47% the S&P500.
The move comes after 8 months positive chart setup for the $525.10 million company. It was reported on Nov, 16 by Barchart.com. We have $5.99 PT which if reached, will make NASDAQ:CLNE worth $304.56M more.
Clean Energy Fuels Corp (NASDAQ:CLNE) Ratings Coverage
Out of 2 analysts covering Clean Energy Fuels (NASDAQ:CLNE), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Clean Energy Fuels has been the topic of 4 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks on Monday, August 31 to “Hold”. As per Monday, August 24, the company rating was upgraded by Zacks. On Tuesday, January 5 the stock rating was upgraded by Raymond James to “Mkt Perform”.
According to Zacks Investment Research, “CLEAN ENERGY FUELS, based in Seal Beach, Calif., is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets,across the United States and Canada.”
Insitutional Activity: The institutional sentiment increased to 1.6 in Q2 2016. Its up 0.44, from 1.16 in 2016Q1. The ratio improved, as 12 funds sold all Clean Energy Fuels Corp shares owned while 28 reduced positions. 17 funds bought stakes while 47 increased positions. They now own 33.18 million shares or 20.84% more from 27.46 million shares in 2016Q1.
Raymond James And owns 20,079 shares or 0% of their US portfolio. Deutsche Financial Bank Ag, a Germany-based fund reported 683,547 shares. Susquehanna Intll Llp accumulated 0% or 247,423 shares. Dimensional Fund Lp has invested 0% of its portfolio in Clean Energy Fuels Corp (NASDAQ:CLNE). Blackrock Inv Mgmt Llc holds 0% of its portfolio in Clean Energy Fuels Corp (NASDAQ:CLNE) for 366,778 shares. Moreover, Northern Trust has 0% invested in Clean Energy Fuels Corp (NASDAQ:CLNE) for 957,119 shares. Engineers Gate Manager Lp, a New York-based fund reported 210,956 shares. American Century Cos has invested 0% of its portfolio in Clean Energy Fuels Corp (NASDAQ:CLNE). Moreover, Credit Suisse Ag has 0% invested in Clean Energy Fuels Corp (NASDAQ:CLNE) for 157,008 shares. Advisory Svcs Ltd Company last reported 3,075 shares in the company. Blackrock Fund Advisors last reported 2.28 million shares in the company. State Common Retirement Fund accumulated 0% or 65,100 shares. Hudock Cap Group Inc holds 500 shares or 0% of its portfolio. Cambridge Advsr holds 0% of its portfolio in Clean Energy Fuels Corp (NASDAQ:CLNE) for 31,744 shares. Babson Capital Mngmt Ltd Com accumulated 0.02% or 200,000 shares.
Insider Transactions: Since August 15, 2016, the stock had 5 insider purchases, and 1 sale for $6.51 million net activity. Shares for $50,491 were bought by Corbus Barclay on Wednesday, August 17. $99,166 worth of Clean Energy Fuels Corp (NASDAQ:CLNE) was bought by Littlefair Andrew J on Monday, November 7. 10,000 shares were bought by Scully Stephen, worth $36,000 on Monday, August 15. PICKENS BOONE had sold 1.50 million shares worth $6.84 million. Shares for $40,090 were bought by Mitchell Warren I.
More notable recent Clean Energy Fuels Corp (NASDAQ:CLNE) news were published by: Reuters.com which released: “BRIEF-Clean Energy Fuels Corp says city of Torrance awarded Clean Energy N…” on November 16, 2016, also Fool.com with their article: “Making Sense of Clean Energy Fuels’ Earnings” published on November 08, 2016, Fool.com published: “Clean Energy Fuels Stock Down 15% After Earnings: Here’s What Investors Need …” on November 04, 2016. More interesting news about Clean Energy Fuels Corp (NASDAQ:CLNE) were released by: Seekingalpha.com and their article: “Clean Energy Fuels: T. Boone Pickens’ ‘OPEC Killer'” published on November 10, 2016 as well as Seekingalpha.com‘s news article titled: “Clean Energy Fuels: Comps? We Don’t Need No Stinkin’ Comps!” with publication date: November 14, 2016.
CLNE Company Profile
Clean Energy Fuels Corp. (Clean Energy), incorporated on April 17, 2001, is a well-known provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Firm is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation, repair and maintenance (O&M) services for vehicle fleet customer stations. The Firm designs, builds, operates, services, repairs and maintains fueling stations; makes, sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations; offers assessment, design and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transports; sells CNG to large industrial and institutional energy users not having direct access to natural gas pipelines; processes and sells RNG; sells tradable credits generated by selling natural gas and RNG as a vehicle fuel, including credits generated under the California and the Oregon Low Carbon Fuel Standards (collectively, LCFS Credits) and Renewable Identification Numbers (RIN Credits or RINs) generated under the federal Renewable Fuel Standard Phase 2; helps its clients acquire and finance natural gas vehicles, and obtains federal, state and local tax credits, grants and incentives. It caters to various markets, including heavy-duty trucking, airports, refuse, public transit, industrial and institutional energy users and government fleets.
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