August 18, 2016 - 1:33 PM EDT
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Clean Energy Fuels Corp. (CLNE) Fuels Utilities Sector with 8.72% Advance at Midday on August 18


Clean Energy Fuels Corp. (CLNE) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the utilities sector during morning trading action on August 18. At the lunch break, shares of CLNE have tacked on 8.72% to $4.42 after closing the day prior at $4.07. In the first two and a half hours of trading, the stock has gone as high as $4.49 and as low as $4.13. Today’s rise has come with about 3.6 million shares changing hands, compared to an average 30-day volume of 2.41 million for Clean Energy Fuels Corp.. The price is currently below the 30-day volume weighted average price of $4.37 for CLNE.

The share appreciation gives the company a market capitalization of $533.94 million based upon 131.19 million shares outstanding. It also means that CLNE has a price-to-book ratio of 1.3:1.

In the past 52 weeks, shares of CLNE have traded as low as $2.15 and as high as $6.44. Technical traders will take note that at $4.42, shares of CLNE are trading above their 200-day MA at $3.34 and above their 50-day MA at $3.3. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is CLNE?

Clean Energy Fuels Corp is engaged in selling natural gas fueling solutions to its customers in the United States and Canada. It also designs, builds, finances, and operates natural gas filling stations for vehicle fleets. The company’s 994 employees are led by CEO Andrew J. Littlefair from the corporate headquarters at 4675 MacArthur Court in Newport Beach, CA.

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Source: Financial Press News (August 18, 2016 - 1:33 PM EDT)

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