Analysts review Clean Energy Fuels Corp.’s rating


Clean Energy Fuels Corp.’s filing revealed that its SVP, STRATEGIC DEVELOPMENT Corbus Barclay unloaded Company’s shares for reported $32133.0 on Feb 27. In the deal valued at $5.69 per share,5,643 shares were sold. As a result of this transaction, Corbus Barclay now holds 624,458 shares worth roughly $ 2.55 million.

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Then, Corbus Barclay sold 11,286 shares, generating $61,960 in total proceeds. Upon selling the shares at $5.49, the SVP, STRATEGIC DEVELOPMENT now owns 630,101 shares.

Before that, Pratt Mitchell W sold 8,140 shares. Clean Energy Fuels Corp. shares valued at $45,307 were divested by the COO AND SECRETARY at a price of $5.57 per share. As a result of the transaction, Pratt Mitchell W now holds 854,313 shares, worth roughly $3.49 million.

Stifel initiated its Clean Energy Fuels Corp. [CLNE] rating to a Buy in a research note published on Monday, July 13, 2023; the price target was $6. PT values the company’s stock at a premium of 31.83 to its Monday closing price.

Price Performance Review of CLNE

On Monday, Clean Energy Fuels Corp. [NASDAQ:CLNE] saw its stock fall -0.97% to $4.09. On the same session, the stock had its day’s lowest price of $4.04, but rose to a high of $4.18. Over the last five days, the stock has lost -0.73%. Clean Energy Fuels Corp. shares have fallen nearly -21.35% since the year began. Nevertheless, the stocks have fallen -45.76% over the past one year. While a 52-week high of $7.73 was reached on 02/03/23, a 52-week low of $3.84 was recorded on 03/24/23. SMA at 50 days reached $4.61, while 200 days put it at $4.99. A total of 0.88 million shares were traded, compared to the trading of 1.13 million shares in the previous session.

Levels Of Support And Resistance For CLNE Stock

The 24-hour chart illustrates a support level at 4.03, which if violated will result in even more drops to 3.96. On the upside, there is a resistance level at 4.17. A further resistance level may holdings at 4.24. The Relative Strength Index (RSI) on the 14-day chart is 37.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.76%. Stochastics %K at 17.30% indicates the stock is a buying.

How much short interest is there in Clean Energy Fuels Corp.?

A steep rise in short interest was recorded in Clean Energy Fuels Corp. stocks on Aug 14, 2023, dropping by -0.11 million shares to a total of 11.15 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 11.26 million shares. There was a decline of -0.99%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.64% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.86.

Clean Energy Fuels Corp. [CLNE] – Who Are The Largest Shareholders?

In filings from Grantham, Mayo, Van Otterloo & Co, it is revealed that the company now owns 14,040,522 shares, or roughly 6.30% of the outstanding CLNE shares. In other words, the investor’s shares have fallen by -1,146,396 from its previous 13-F filing of 15186918.0. Additionally, BlackRock Fund Advisors increased 0.80% of its stake after which the total value it holdings stand at $56,501,665, while Dimensional Fund Advisors LP added 3.18% of its stake to hold $51.32 million in the firm. Over the last quarter, The Vanguard Group, Inc. sold -42,844 shares of Clean Energy Fuels Corp., while Global Alpha Capital Management L sold -171,800 shares. At present, SSgA Funds Management, Inc. is holding 6,564,808 shares valued at $32.36 million. Arosa Capital Management LP owned 4,049,865 shares of the company at the time of its most recent 13F filing, worth $19.97 million.

According to FactSet, Clean Energy Fuels Corp.’s share price will average $9.17 in the next year, based on opinions of analysts polled by the firm. This is up nearly 69.49 percent from its previous closing price of $4.13. Analysts expect Clean Energy Fuels Corp. stock to reach the higher price of $22.00, while the lowest price estimate is $5.50.


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