Craig-Hallum Reaffirms Their Buy Rating on Clean Energy Fuels (CLNE)

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Clean Energy Fuels. The company’s shares closed yesterday at $2.48.

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Stine covers the Industrials sector, focusing on stocks such as Electrovaya, NuScale Power, and Ameresco. According to TipRanks, Stine has an average return of 3.8% and a 35.80% success rate on recommended stocks.

Clean Energy Fuels has an analyst consensus of Moderate Buy, with a price target consensus of $3.59.

Based on Clean Energy Fuels’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $102.61 million and a GAAP net loss of $20.24 million. In comparison, last year the company earned a revenue of $97.89 million and had a GAAP net loss of $16.29 million

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLNE in relation to earlier this year. Last month, Andrew Littlefair, the CEO & President of CLNE sold 250,000.00 shares for a total of $562,500.00.