Short Term Rating on Clean Energy Fuels (CLNE)

Clean Energy Fuels (CLNE) : Zacks Investment Research ranks Clean Energy Fuels (CLNE) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 1.67, which indicates as a Buy.

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): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.49 and $3.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.57, notching a gain of 3.78% for the day. The total traded volume was 1,110,107 . The stock had closed at $3.44 on the previous day.

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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