Stocks of Clean Energy Fuels Corp. (CLNE) are poised to climb above their peers

Clean Energy Fuels Corp. (NASDAQ: CLNE) stock fell -0.87% on Tuesday to $5.73 against a previous-day closing price of $5.78. With 1.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.21 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $5.92 whereas the lowest price it dropped to was $5.62. The 52-week range on CLNE shows that it touched its highest point at $8.65 and its lowest point at $4.02 during that stretch. It currently has a 1-year price target of $13.05. Beta for the stock currently stands at 2.23.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLNE was down-trending over the past week, with a drop of -2.55%, but this was up by 1.78% over a month. Three-month performance dropped to -13.57% while six-month performance rose 4.18%. The stock gained 11.48% in the past year, while it has gained 10.19% so far this year. A look at the trailing 12-month EPS for CLNE yields -0.22 with Next year EPS estimates of 0.00. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -33.80%.

Float and Shares Shorts:

At present, 222.24 million CLNE shares are outstanding with a float of 176.11 million shares on hand for trading. On Oct 13, 2022, short shares totaled 13.31 million, which was 5.99% higher than short shares on Sep 14, 2022. In addition to Mr. Andrew J. Littlefair as the firm’s Co-Founder, Pres, CEO & Director, Mr. Robert M. Vreeland serves as its Chief Financial Officer.


Institutional Ownership:

Through their ownership of 46.56% of CLNE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 77.85% of CLNE, in contrast to 27.53% held by mutual funds. Shares owned by individuals account for 19.71%. As the largest shareholder in CLNE with 5.72% of the stake, Grantham, Mayo, Van Otterloo & Co holds 12,731,663 shares worth 12,731,663. A second-largest stockholder of CLNE, BlackRock Fund Advisors, holds 10,665,651 shares, controlling over 4.80% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in CLNE, holding 9,326,487 shares or 4.19% stake. With a 2.86% stake in CLNE, the SPDR S&P Oil & Gas Exploration & is the largest stakeholder. A total of 6,351,839 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.26% of CLNE stock, is the second-largest Mutual Fund holder. It holds 5,028,302 shares valued at 26.15 million. GMO Resources Fund holds 2.20% of the stake in CLNE, owning 4,898,666 shares worth 25.47 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLNE since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CLNE analysts setting a high price target of $27.00 and a low target of $7.00, the average target price over the next 12 months is $13.05. Based on these targets, CLNE could surge 371.2% to reach the target high and rise by 22.16% to reach the target low. Reaching the average price target will result in a growth of 127.75% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CLNE will report FY 2022 earnings on 02/23/2024. Analysts have provided yearly estimates in a range of $0.05 being high and -$0.01 being low. For CLNE, this leads to a yearly average estimate of $0.02. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Clean Energy Fuels Corp. surprised analysts by $0.02 when it reported $0.06 EPS against a consensus estimate of $0.04. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.04 and the low estimate is -$0.04. The average estimate for the next quarter is thus $0.01.

Summary of Insider Activity:

Insiders traded CLNE stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 300 shares were bought while 200,000 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 89,406 while 200,000 shares were sold.

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