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Do Traders View Clean Energy Fuels Corp (CLNE) Stock's Current Trend Positively?

Friday, January 08, 2021 02:30 PM | InvestorsObserver Analysts

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Do Traders View Clean Energy Fuels Corp (CLNE) Stock's Current Trend Positively?

Overall market sentiment has been high on Clean Energy Fuels Corp (CLNE) stock lately. CLNE receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Clean Energy Fuels Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CLNE!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CLNE Stock Today?

Clean Energy Fuels Corp (CLNE) stock is lower by -8.65% while the S&P 500 has gained 0.08% as of 2:17 PM on Friday, Jan 8. CLNE is lower by -$0.96 from the previous closing price of $11.10 on volume of 14,857,455 shares. Over the past year the S&P 500 has gained 17.03% while CLNE has gained 288.51%. CLNE earned $0.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 64.33.

To see the top 5 stocks in the Oil & Gas Refining & Marketing industry click here.

More About Clean Energy Fuels Corp

Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas, liquefied natural gas, and renewable natural gas as an alternative fuel for vehicles. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The company operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. The company also builds, operates, and maintains natural gas fueling stations for customers. The company's target markets include heavy-duty trucking, airports, public transit, institutional energy users, and government fleets.

Click Here to get the full Stock Score Report on Clean Energy Fuels Corp (CLNE) Stock.

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