The stock of Clean Energy Fuels Corp (NASDAQ:CLNE) is a huge mover today! About 5.34 million shares traded hands or 270.83% up from the average. Clean Energy Fuels Corp (NASDAQ:CLNE) has risen 41.16% since April 4, 2016 and is uptrending. It has outperformed by 40.07% the S&P500.
The move comes after 5 months negative chart setup for the $444.97M company. It was reported on Nov, 4 by Barchart.com. We have $2.99 PT which if reached, will make NASDAQ:CLNE worth $53.40 million less.
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. Zacks upgraded the stock to “Sell” rating in Monday, August 24 report. The stock of Clean Energy Fuels Corp (NASDAQ:CLNE) has “Mkt Perform” rating given on Tuesday, January 5 by Raymond James. On Monday, August 31 the stock rating was downgraded by Zacks to “Hold”.
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 2016 Q2. Its up 0.44, from 1.16 in 2016Q1. The ratio increased, 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.
Vollero Beach Capital Prtnrs Ltd Liability Corp accumulated 420,375 shares or 0.33% of the stock. Bailard, a California-based fund reported 12,850 shares. Cambridge Investment Research last reported 0% of its portfolio in the stock. First Quadrant Limited Partnership Ca holds 0.01% or 78,700 shares in its portfolio. Renaissance Technologies Limited Liability owns 1.30M shares or 0.01% of their US portfolio. Financial Architects Incorporated last reported 0% of its portfolio in the stock. Creative Planning holds 0% of its portfolio in Clean Energy Fuels Corp (NASDAQ:CLNE) for 66,423 shares. Cutter & Brokerage Inc holds 19,150 shares or 0.03% of its portfolio. Blackrock Institutional Trust Na accumulated 2.13 million shares or 0% of the stock. Next Fin accumulated 0.01% or 6,000 shares. National Bank Of Montreal Can accumulated 748 shares or 0% of the stock. Engineers Gate Manager Lp last reported 0.05% of its portfolio in the stock. Hudock Ltd Limited Liability Company last reported 500 shares in the company. Blackrock has 21,809 shares for 0% of their US portfolio. Goldman Sachs accumulated 43,777 shares or 0% of the stock.
Insider Transactions: Since August 15, 2016, the stock had 4 insider purchases, and 1 sale for $6.61 million net activity. $6.84 million worth of Clean Energy Fuels Corp (NASDAQ:CLNE) was sold by PICKENS BOONE on Wednesday, August 31. Mitchell Warren I bought $40,090 worth of stock. Corbus Barclay bought $50,491 worth of stock. Scully Stephen bought $36,000 worth of stock. Littlefair Andrew J also bought $99,796 worth of Clean Energy Fuels Corp (NASDAQ:CLNE) shares.
More notable recent Clean Energy Fuels Corp (NASDAQ:CLNE) news were published by: Fool.com which released: “Clean Energy Fuels Stock Down 15% After Earnings: Here’s What Investors Need …” on November 04, 2016, also Seekingalpha.com with their article: “Clean Energy Fuels: Be Ready For More Upside” published on October 30, 2016, Fool.com published: “Here’s Why Clean Energy Fuels Corp Stock is Up 12% Today” on May 06, 2016. More interesting news about Clean Energy Fuels Corp (NASDAQ:CLNE) were released by: Fool.com and their article: “Clean Energy Fuels Corp Stock Up 19% on Earnings Beat: Here’s What Investors …” published on August 10, 2016 as well as Fool.com‘s news article titled: “Clean Energy Fuels Corp. Just Issued 20 Million Shares: Here’s Why Investors …” with publication date: July 23, 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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