In Tuesday’s session, Clean Energy Fuels Corp. (NASDAQ:CLNE) marked $4.20 per share, down from $4.42 in the previous session. While Clean Energy Fuels Corp. has underperformed by -4.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLNE fell by -47.17%, with highs and lows ranging from $8.65 to $3.84, whereas the simple moving average fell by -27.68% in the last 200 days.
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On February 28, 2023, Piper Sandler started tracking Clean Energy Fuels Corp. (NASDAQ: CLNE) recommending Overweight. A report published by UBS on December 14, 2022, Initiated its previous ‘Buy’ rating for CLNE. Jefferies also rated CLNE shares as ‘Buy’, setting a target price of $9 on the company’s shares in an initiating report dated October 19, 2022. Raymond James August 16, 2022d its ‘Outperform’ rating to ‘Mkt Perform’ for CLNE, as published in its report on August 16, 2022. Raymond James’s report from May 10, 2022 suggests a price prediction of $6 for CLNE shares, giving the stock a ‘Outperform’ rating. Evercore ISI also rated the stock as ‘Outperform’.
Analysis of Clean Energy Fuels Corp. (CLNE)
Further, the quarter-over-quarter increase in sales is 23.80%, showing a positive trend in the upcoming months.
Clean Energy Fuels Corp.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -8.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and CLNE has an average volume of 2.36M. On a monthly basis, the volatility of the stock is set at 5.01%, whereas on a weekly basis, it is put at 4.15%, with a gain of 1.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.35, showing growth from the present price of $4.20, which can serve as yet another indication of whether CLNE is worth investing in or should be passed over.
How Do You Analyze Clean Energy Fuels Corp. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 47.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CLNE shares?
The recent increase in stakes in CLNE appears to be a result of several institutional investors and hedge funds increasing their positions. Grantham, Mayo, Van Otterloo & Co’s position in CLNE has decreased by -9.09% in the first quarter. The company now owns 11,573,763 shares of the stock, with a value of $64.81 million, following the sale of -1,157,900 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in CLNE during the first quarter, downing its stake by -2.55%. During the last quarter, the company picked up -291,282 additional shares for a total stake of worth $62.4 million, bringing number of shares owned by the company to 11,143,039.
During the first quarter, SSgA Funds Management, Inc. added a 588,118 position in CLNE. The Vanguard Group, Inc. purchased an additional 0.48 million shares in the last quarter, increasing its holdings by 5.25%, now holding 9.55 million shares worth $53.48 million. At the end of the first quarter, Dimensional Fund Advisors LP increased its CLNE holdings by 3.16% and now holds 8.65 million CLNE shares valued at $48.46 million with the added 0.26 million shares during the period. CLNE shares are owned by institutional investors to the tune of 47.70% at present.
