CLNE Stock Forecast: All the More Reason to Consider Clean Energy Fuels Corp (CLNE) Now

Clean Energy Fuels Corp (NASDAQ: CLNE) is -19.58% lower on its value in year-to-date trading and has touched a low of $2.17 and a high of $4.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLNE stock was last observed hovering at around $3.16 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $3.08, the stock is 5.81% and 5.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing -2.53% at the moment leaves the stock 11.69% off its SMA200. CLNE registered -11.75% loss for a year compared to 6-month loss of -1.60%. The firm has a 50-day simple moving average (SMA 50) of $2.9318 and a 200-day simple moving average (SMA200) of $2.7579.

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The stock witnessed a 8.83% gain in the last 1 month and extending the period to 3 months gives it a -0.32%, and is 13.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.71% over the week and 6.85% over the month.

Clean Energy Fuels Corp (CLNE) has around 566 employees, a market worth around $670.83M and $412.98M in sales. Profit margin for the company is -17.34%. Distance from 52-week low is 41.94% and -25.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.62%).

The EPS is expected to grow by 104.60% this year.

Clean Energy Fuels Corp (CLNE) Top Institutional Holders

292.0 institutions hold shares in Clean Energy Fuels Corp (CLNE), with institutional investors hold 66.20% of the company’s shares. The shares outstanding are 223.03M, and float is at 164.75M with Short Float at 6.94%. Institutions hold 52.38% of the Float.

The top institutional shareholder in the company is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC with over 19.08 million shares valued at $50.94 million. The investor’s holdings represent 8.5482% of the CLNE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.1 million shares valued at $40.32 million to account for 6.7661 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 11.37 million shares representing 5.0931% and valued at over $30.35 million, while DIMENSIONAL FUND ADVISORS LP holds 4.5191 of the shares totaling 10.09 million with a market value of $26.93 million.