Clean Energy Fuels Corp (NASDAQ: CLNE) stock jumped 4.26% on Friday to $3.43 against a previous-day closing price of $3.29. With 1.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.83 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $3.4400 whereas the lowest price it dropped to was $3.2901. The 52-week range on CLNE shows that it touched its highest point at $7.09 and its lowest point at $3.06 during that stretch. It currently has a 1-year price target of $8.55. Beta for the stock currently stands at 2.14.
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 up-trending over the past week, with a rise of 1.78%, but this was down by -12.94% over a month. Three-month performance dropped to -16.75% while six-month performance fell -23.61%. The stock lost -52.69% in the past year, while it has lost -34.04% so far this year. A look at the trailing 12-month EPS for CLNE yields -0.42 with Next year EPS estimates of 0.01. For the next quarter, that number is 0.02. This implies an EPS growth rate of -525.00% for this year and 118.30% for next year.
Float and Shares Shorts:
At present, 222.44 million CLNE shares are outstanding with a float of 165.62 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.72 million, which was 5.26% higher than short shares on Sep 28, 2023. In addition to Mr. Andrew J. Littlefair as the firm’s Co-Founder, President, CEO & Director, Mr. Robert M. Vreeland serves as its Chief Financial Officer.
Through their ownership of 49.66% of CLNE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 77.67% of CLNE, in contrast to 27.40% held by mutual funds. Shares owned by individuals account for 21.35%. As the largest shareholder in CLNE with 6.17% of the stake, Grantham, Mayo, Van Otterloo & Co holds 13,753,370 shares worth 13,753,370. A second-largest stockholder of CLNE, Dimensional Fund Advisors LP, holds 11,612,587 shares, controlling over 5.21% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CLNE, holding 11,531,246 shares or 5.17% stake. With a 2.36% stake in CLNE, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,270,102 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.76% of CLNE stock, is the second-largest Mutual Fund holder. It holds 3,926,498 shares valued at 13.7 million. GMO Climate Change Fund holds 1.70% of the stake in CLNE, owning 3,789,473 shares worth 13.23 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLNE since 0 analysts follow the stock currently. 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 $22.00 and a low target of $5.00, the average target price over the next 12 months is $8.55. Based on these targets, CLNE could surge 541.4% to reach the target high and rise by 45.77% to reach the target low. Reaching the average price target will result in a growth of 149.27% from current levels.
Summary of Insider Activity:
Insiders traded CLNE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 118,461 while 105,988 shares were sold.