Clean Energy Fuels Corp. (CLNE) Gains 1.61%, Providing Lift for Utilities in Early Trading on July 27

Clean Energy Fuels Corp. (CLNE) is one of the best performing stocks in the utilities sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on July 27. Shares of CLNE have climbed 1.61% about 30 minutes into the session to $3.16 after closing the day prior at $3.11. It’s early, but the stock has traded as high as $3.19 and as low as $3.13 so far. Today’s quick advance has come with about 152,198 shares changing hands, compared to an average 30-day volume of 1.34 million for Clean Energy Fuels Corp.. The price is currently below the 30-day volume weighted average price of $3.16 for CLNE.

The share appreciation gives the company a market capitalization of $327.79 million based upon 105.4 million shares outstanding. It also means that CLNE has a price-to-book ratio of 0.97:1 and a price-to-earnings ratio of :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 $3.16, shares of CLNE are trading below their 200-day MA at $3.52 and below their 50-day MA at $3.34. 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 Suite 800.

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