Separately, analysts at Northland Securities upgraded shares of Clean Energy Fuels Corp. from a "market perform" rating to an "outperform" rating in a research note to investors on Tuesday. Also, analysts at Raymond James (NYSE: RJF) upgraded shares of Clean Energy Fuels Corp. from an "outperform" rating to a "strong buy" rating in a research note to investors on Thursday, May 19th. They now have a $21.00 price target on the stock.
Shares of Clean Energy Fuels Corp. traded up 9.67% during mid-day trading on Thursday, hitting $16.538. Clean Energy Fuels Corp. has a 52 week low of $11.75 and a 52 week high of $19.36. The stock's 50-day moving average is $13.31 and its 200-day moving average is $14.02. The company has a market cap of $1.163 billion and a price-to-earnings ratio of 81.08.
Clean Energy Fuels Corp. last announced its quarterly results on Monday, May 9th. The company reported ($0.05) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.09) EPS by $0.04. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 67.40% on a year-over-year basis. On average, analysts predict that Clean Energy Fuels Corp. will post $-0.04 EPS next quarter.
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, finances and operates fueling stations and supplies its customers with compressed natural gas (CNG) and liquefied natural gas (LNG).
The Company also produces renewable biomethane, which can be used as vehicle fuel, through its landfill gas joint venture. It also provides natural gas conversions, alternative fuel systems, application engineering, service and warranty support and research and development for natural gas vehicles, through its wholly owned subsidiary, BAF Technologies, Inc. In addition, the Company supports its customers acquire and finance natural gas vehicles and obtain local, state and federal clean air rebates and incentives. On October 1, 2009, the Company acquired 100% of BAF Technologies, Inc. In September 2010, the Company acquired IMW Industries, Ltd.
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