August 19, 2016 - 3:42 PM EDT
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Clean Energy Fuels Corp. (CLNE) Paces Utilities with 6.88% Gain on August 19

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Clean Energy Fuels Corp. (CLNE) was one of the best performers amongst all companies listed in the utilities sector on the NYSE and NASDAQ exchanges during trading on August 19, climbing 6.88% to wrap the day at $4.35 after closing the day prior at $4.07. Throughout the trading session, shares of CLNE rose as high as $4.49 and dipped as low as $4.13. Today’s advance came with about 6.03 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 $4.36 for CLNE.

The share appreciation today 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 1.38:1.

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 $4.35, 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 19, 2016 - 3:42 PM EDT)

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