Brokerage Firm Rating Update on Clean Energy Fuels (CLNE)

Clean Energy Fuels (CLNE) : The consensus on Clean Energy Fuels (CLNE) based on 3 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Clean Energy Fuels (CLNE) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $7. The average forecast of all the analysts is $8.5 and the expected standard deviation is $2.12.


Company shares have received an average consensus rating of Hold for the current week

Clean Energy Fuels (NASDAQ:CLNE): The stock opened at $4.61 and touched an intraday high of $4.7 on Wednesday. During the day, the stock corrected to an intraday low of $4.605, however, the bulls stepped in and pushed the price higher to close in the green at $4.68 with a gain of 0.86% for the day. The total traded volume for the day was 2,001,231. The stock had closed at $4.64 in the previous trading session.

Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs, builds, operates and maintains fueling stations and supplies its customers with compressed natural gas (CNG) fuel for light, medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The Company also manufactures, sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations. It provides operation and maintenance (O&M) services to customers, offers assessment, designs and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transport. It offers vehicle finance services for some of its customers purchases of natural gas vehicles. The Company sells CNG to industrial and institutional energy users who do not have direct access to natural gas pipelines.

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