Shares of Clean Energy Fuels Corp (NASDAQ:CLNE) saw unusually-high trading volume on Wednesday . Approximately 3,505,515 shares were traded during trading, an increase of 272% from the previous session’s volume of 942,484 shares.The stock last traded at $3.00 and had previously closed at $2.78.

CLNE has been the subject of several analyst reports. BidaskClub raised shares of Clean Energy Fuels from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. ValuEngine raised shares of Clean Energy Fuels from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research raised shares of Clean Energy Fuels from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Wednesday, April 3rd.

The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $585.31 million, a P/E ratio of -47.67 and a beta of 2.09.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Thursday, May 9th. The utilities provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Clean Energy Fuels had a negative net margin of 8.38% and a negative return on equity of 5.43%. The business had revenue of $77.70 million during the quarter. Equities analysts predict that Clean Energy Fuels Corp will post -0.12 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Trust Co. of Toledo NA OH grew its position in Clean Energy Fuels by 20.2% in the 1st quarter. Trust Co. of Toledo NA OH now owns 23,042 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 3,872 shares during the period. Weiss Asset Management LP bought a new stake in Clean Energy Fuels in the 1st quarter worth approximately $74,000. Jane Street Group LLC grew its position in Clean Energy Fuels by 67.9% in the 1st quarter. Jane Street Group LLC now owns 93,082 shares of the utilities provider’s stock worth $288,000 after purchasing an additional 37,646 shares during the period. BlueCrest Capital Management Ltd bought a new stake in Clean Energy Fuels in the 1st quarter worth approximately $164,000. Finally, Jefferies Group LLC bought a new stake in Clean Energy Fuels in the 1st quarter worth approximately $91,000. 28.68% of the stock is owned by institutional investors and hedge funds.

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About Clean Energy Fuels (NASDAQ:CLNE)

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.

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