Clean Energy Fuels (CLNE, $10.95) stock drops, after TotalEnergy trims stake
Clean Energy Fuels shares fell on Thursday, after the company revealed that its largest shareholder TotalEnergy reduced its stake by about 10.6 million shares.
TotalEnergy now holds 53.44 million, or 26.7%, of Clean Energy's outstanding shares, according to a filing with the Securities and Exchange Commission. That's lower than the 64 million shares, or 32%, that a filing Monday said TotalEnergy owned.
On Wednesday, the company's stock surged more than 30%, leading to a month-to-date gain of more than +64%. The stock was part of the Reddit-fueled meme-stock craze.
CLNE in -1.65% downward trend, declining for three consecutive days on May 11, 2022
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CLNE declined for three days, in 231 of 295 cases, the price declined further within the following month. The odds of a continued downward trend are 78%.
Throughout the month of 04/13/22 - 05/16/22, the price experienced a -36% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +14% Uptrend.
The Momentum Indicator moved below the 0 level on April 07, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CLNE as a result. In 62 of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 75%.
CLNE moved below its 50-day Moving Average on April 14, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for CLNE crossed bearishly below the 50-day moving average on April 21, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 46%.
The Aroon Indicator for CLNE entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CLNE's RSI Oscillator exited the oversold zone, 29 of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 85%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +16.83% 3-day Advance, the price is estimated to grow further. Considering data from situations where CLNE advanced for three days, in 198 of 243 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
CLNE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 61%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.19.
The Tickeron Price Growth Rating for this company is 90 (best 1 - 100 worst), indicating slightly worse than average price growth. CLNE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 87 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 79 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CLNE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.
The Tickeron Valuation Rating of 74 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.482) is normal, around the industry mean (4.222). CLNE has a moderately low P/E Ratio (0.000) as compared to the industry average of (12.063). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.983). CLNE has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (4.062) is also within normal values, averaging (1.645).
The Tickeron PE Growth Rating for this company is 2 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Oil Refining/Marketing segment includes companies that refine crude oil into a number of petroleum products, including gasoline, jet fuel and diesel, and then sell the usable products to the end users. These companies are involved in what’s called downstream operations in the oil business. They also engage in the marketing and distribution of crude oil and natural gas products. In other words, the downstream oil and gas business is focused on post-production processes of crude oil and natural gas. When oil prices slump, downstream businesses are hurt less or in some cases even benefit, since their purchase cost of crude oil goes down. Some of the biggest U.S. oil refining/marketing companies include Phillips 66, Marathon Petroleum Corporation and Valero Energy Corp.
The average market capitalization across the Oil Refining/Marketing Industry is 6.1B. The market cap for tickers in the group ranges from 107.7K to 51.9B. MPC holds the highest valuation in this group at 51.9B. The lowest valued company is AMCF at 107.7K.
The average weekly price growth across all stocks in the Oil Refining/Marketing Industry was 4.06%. For the same Industry, the average monthly price growth was -0.19%, and the average quarterly price growth was 21.94%. BDCO experienced the highest price growth at 33.66%, while AMTX experienced the biggest fall at -16.74%.
- 4/21/22 5:15 AM: Clean Energy Fuels (CLNE, $7.07) was a top loser this week, declining -5.73%
- 3/16/22 5:12 AM: Clean Energy Fuels (CLNE, $7.17) was a top loser this week, declining -10.71%
The average weekly volume growth across all stocks in the Oil Refining/Marketing Industry was 7.35%. For the same stocks of the Industry, the average monthly volume growth was 70.26% and the average quarterly volume growth was 85.59%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 44%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.54.
15 stocks in the group of tickers exhibit a similar negative trend based on the MA50 indicator with an average likelihood of 53%.
The average market capitalization across the group is 7.5B. The market cap for tickers in the group ranges from 74.3M to 50.6B. SRE holds the highest valuation in this group at 50.6B. The lowest valued company is CNIG at 74.3M.
The average weekly price growth across all stocks in the group was 2.24%. For the same group, the average monthly price growth was -2.55%, and the average quarterly price growth was -0.21%. CGHLY experienced the highest price growth at 14.3%, while RGCO experienced the biggest fall at -1.33%.
- 5/12/22 5:38 AM: MDU Resources Group (MDU, $25.13) was a top loser this week, declining -5.81%. Expect a Downtrend reversal
- 5/7/22 5:28 AM: UGI (UGI, $37.69) was a top weekly gainer, with a +9.88% jump
- 5/3/22 8:19 AM: Atmos Energy (ATO, $111.76) was a top loser this week, declining -5.05%
The average weekly volume growth across all stocks in the group was -52.05%. For the same stocks of the group, the average monthly volume growth was -24.08% and the average quarterly volume growth was -16.51%
- 4/30/22 5:51 AM: The volume for South Jersey Industries stock increased for one day, resulting in a record-breaking daily growth of 281% of the 65-Day Volume Moving Average
- 4/30/22 5:51 AM: The volume for New Jersey Resources stock increased for one day, resulting in a record-breaking daily growth of 410% of the 65-Day Volume Moving Average
- 4/1/22 8:42 AM: The volume for Southwest Gas Holdings stock increased for three consecutive days, resulting in a record-breaking daily growth of 653% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows