How Does Clean Energy Fuels Corp. (CLNE) Stack Up Right Now?

Clean Energy Fuels Corp. (CLNE) is an interesting player in the Utilities space, with a focus on Gas Utilities. The stock has been active on the tape, currently trading at $2.20, up from yesterday’s close by 7.32%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Clean Energy Fuels Corp. (CLNE) currently trades with a market capitalization of $326.96 Million. That value represents a market adjusting for revenues that have been growing by 14.43 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$45.03 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.07 on a per share basis this quarter. Perhaps, that suggests something about why 12.13% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Clean Energy Fuels Corp. recorded a 52-week high of $3.05. It is now trading 0.85% off that level. The stock is trading $1.66 its 50-day moving average by -0.54%. The stock carved out a 52-week low down at $1.31.

In recent action, Clean Energy Fuels Corp. (CLNE) has made a move of +32.53% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.08% with $136.36 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CLNE.

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