Taking this into account, Raymond James upgraded its Clean Energy Fuels Corp [CLNE] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Stifel began covering CLNE with “Buy” recommendation on July 13, 2023. Raymond James revised its rating on April 05, 2023. It rated CLNE as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CLNE
On Tuesday, Clean Energy Fuels Corp [NASDAQ:CLNE] saw its stock jump 0.33% to $3.02. Over the last five days, the stock has gained 21.29%. Clean Energy Fuels Corp shares have risen nearly 20.32% since the year began. Nevertheless, the stocks have fallen -16.34% over the past one year. While a 52-week high of $3.64 was reached on 01/07/25, a 52-week low of $2.17 was recorded on 01/02/25. SMA at 50 days reached $2.82, while 200 days put it at $2.75.
Levels Of Support And Resistance For CLNE Stock
The 24-hour chart illustrates a support level at 2.96, which if violated will result in even more drops to 2.89. On the upside, there is a resistance level at 3.09. A further resistance level may holdings at 3.16. The Relative Strength Index (RSI) on the 14-day chart is 63.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.70%. Stochastics %K at 88.91% indicates the stock is a selling.
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 2024-12-13, dropping by -0.61 million shares to a total of 10.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 11.43 million shares. There was a decline of -5.65%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 28, 2023 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $8 price target.
