On 12/12/23, Clean Energy Fuels Corp (NASDAQ: CLNE) stock suffered a major decline of -12.7%, closing at $3.16. Moreover, this decline was accompanied by exceptionally high trading volume at 434% of normal. The stock has been weak relative to the market over the last nine months and has declined -12.5% during the last week.
Current PriceTarget Research Rating
CLNE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Clean Energy Fuels has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Clean Energy Fuels has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 33, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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