Sunday, June 26, 2022

Clean Energy Fuels Corp. [CLNE] CEO and President makes an insider acquire of 25,000 shares worth 102,365.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Clean Energy Fuels Corp. shares valued at $102,365 were purchased by Littlefair Andrew J on May 12. At $4.09 per share, Littlefair Andrew J acquired 25,000 shares. The insider’s holdings grew to 1,551,374 shares worth approximately $7.83 million following the completion of this transaction.


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As published in a research note from Raymond James on May 10, 2022, Clean Energy Fuels Corp. [CLNE] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $6. This represents a 15.83% premium over Thursday’s closing price. Analysts at Evercore ISI upgraded the stock from ‘”an Underperform”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of January 04, 2022, Raymond James has increased its “an Underperform” rating to a “Mkt perform” for CLNE. Earlier on July 15, 2021, Evercore ISI initiated its rating. Their recommendation was “an Underperform” for CLNE stock.

Analyzing CLNE’s Price Performance

On Thursday, Clean Energy Fuels Corp. [NASDAQ: CLNE] rose 4.34% to $5.05. The stock’s lowest price that day was $4.655, but it reached a high of $5.09 in the same session. During the last five days, there has been a drop of approximately -0.20%. Over the course of the year, Clean Energy Fuels Corp. shares have dropped approximately -17.62%. Shares of the company reached a 52-week high of $8.65 on 04/05/22 and a 52-week low of $4.02 on 05/12/22. A 50-day SMA is recorded $5.59, while a 200-day SMA reached $6.96. Nevertheless, trading volume fell to 6.67 million shares from 5.43 million shares the previous day.

Support And Resistance Levels for Clean Energy Fuels Corp. (CLNE)

According to the 24-hour chart, there is a support level at 4.77, which, if violated, would cause prices to drop to 4.50. In the upper region, resistance lies at 5.21. The next price resistance is at 5.37. RSI (Relative Strength Index) is 45.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 78.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Clean Energy Fuels Corp. subject to short interest?

Stocks of Clean Energy Fuels Corp. saw a sharp steep in short interest on May 30, 2022 dropping by -0.93 million shares to 12.98 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 13.91 million shares. A decline of -7.16% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.78 of the overall float, the days-to-cover ratio (short ratio) decline to 3.78.

Which companies own the most shares of Clean Energy Fuels Corp. (CLNE)?

According to Grantham, Mayo, Van Otterloo & Co filings, the company currently owns 16,456,576 shares, which is about 7.39% of the total CLNE shares outstanding. The investor’s shares have appreciated by 4,098,830 from its previous 13-F filing of 12357746.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $59,842,066. SSgA Funds Management, Inc. acquire a 0.34% interest valued at $58.69 million while The Vanguard Group, Inc. purchased a 205,678 stake. A total of 115,935 shares of Clean Energy Fuels Corp. were bought by Dimensional Fund Advisors LP during the quarter, and 531,100 were bought by Global Alpha Capital Management L. In its current portfolio, Geode Capital Management LLC holds 3,003,082 shares valued at $16.61 million.

In terms of Clean Energy Fuels Corp. share price expectations, FactSet research, analysts set an average price target of $12.65 in the next 12 months, up nearly 127.27% from the previous closing price of $4.84. Analysts anticipate Clean Energy Fuels Corp. stock to reach $27.00 by 2022, with the lowest price target being $6.00. In spite of this, 9 analysts ranked Clean Energy Fuels Corp. stock as a Buy at the end of 2022. On May 11, 2021, Needham assigned a price target of “a Buy” to the stock and initiated coverage with a $12.

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