Clean Energy Fuels (CLNE) : Analyst Rating Update

Clean Energy Fuels (CLNE) : 3 analysts are covering Clean Energy Fuels (CLNE) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Clean Energy Fuels (CLNE) stock is expected to deviate a maximum of $2.12 from the average target price of $8.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $7.

Clean Energy Fuels (NASDAQ:CLNE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.37 and $3.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.39, notching a gain of 0.30% for the day. The total traded volume was 791,852 . The stock had closed at $3.38 on the previous day.

The company shares have dropped -39.21% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $6.94 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $3.34 and the 200 Day Moving Average price is recorded at $3.04.

Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs, builds, operates and maintains fueling stations and supplies its customers with compressed natural gas (CNG) fuel for light, medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The Company also manufactures, sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations. It provides operation and maintenance (O&M) services to customers, offers assessment, designs and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transport. It offers vehicle finance services for some of its customers purchases of natural gas vehicles. The Company sells CNG to industrial and institutional energy users who do not have direct access to natural gas pipelines.

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