The Week

Clean Energy Fuels (CLNE) gained 1.23% this week to close at $1.65, outpacing the S&P 500’s 0.09% advance by about 1.14 percentage points. The stock started weak, sliding to $1.59 on Monday (31 Aug) and touching a low of $1.57 on Tuesday before rebounding sharply to $1.73 on Wednesday on heavier volume. It then eased back over the final two sessions, ending close to where it began the week. No major company-specific catalyst drove the move; total weekly turnover was 7.43m shares.

Analyst Ratings

Of the six brokers covering CLNE, four rate it buy and two rate it hold, with no sell or underweight ratings. The consensus rating is buy, and the consensus target price of $4.03 sits about 143.9% above the latest close. Target estimates range widely from $1.90 to $7.00, showing considerable dispersion. Within the oil and gas refining and marketing sector, CLNE ranks 9th out of 17 names on analyst ratings.

The Week Ahead

Macro data dominates the calendar. NFIB small business optimism is due Tuesday 8 Sept, followed on Thursday 10 Sept by initial jobless claims, PPI, existing home sales and the EIA natural gas storage report. The natural gas storage figure is the most relevant release for CLNE given its exposure to natural gas fuelling.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.