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 upward trend: price may jump up because it broke its lower Bollinger Band on October 27, 2023
CLNE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 34 cases where CLNE's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CLNE's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on November 30, 2023. You may want to consider a long position or call options on CLNE as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CLNE just turned positive on November 20, 2023. Looking at past instances where CLNE's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
CLNE moved above its 50-day moving average on December 01, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CLNE advanced for three days, in of 252 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 56 cases where CLNE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CLNE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CLNE entered a downward trend on November 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (1.114) is normal, around the industry mean (7.177). P/E Ratio (0.000) is within average values for comparable stocks, (15.925). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.925). Dividend Yield (0.000) settles around the average of (0.057) among similar stocks. P/S Ratio (1.763) is also within normal values, averaging (0.666).
The Tickeron Profit vs. Risk Rating rating for this company is (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 SMR rating for this company is (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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of natural gas fuel transportation services
Industry OilRefiningMarketing
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GSBDX | 11.65 | 0.24 | +2.10% |
| Goldman Sachs Small Cap Growth A | |||
| LSIRX | 38.31 | 0.66 | +1.75% |
| ClearBridge Mid Cap IS | |||
| NWKAX | 15.63 | 0.24 | +1.56% |
| Nationwide Geneva Mid Cap Gr R6 | |||
| GTORX | 27.47 | 0.21 | +0.77% |
| Goldman Sachs Technology Opps R6 | |||
| TIBCX | 23.11 | 0.10 | +0.43% |
| Thornburg Investment Income Builder C | |||
CLNE and
Correlation & Price change
A.I.dvisor indicates that over the last year, CLNE has been loosely correlated with WKC. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if CLNE jumps, then WKC could also see price increases.
| Ticker / NAME | Correlation To CLNE | 1D Price Change % | ||
|---|---|---|---|---|
| CLNE | 100% | +1.66% | ||
| WKC - CLNE | 43% Loosely correlated | +2.19% | ||
| VTNR - CLNE | 37% Loosely correlated | +7.10% | ||
| AMTX - CLNE | 33% Poorly correlated | +5.86% | ||
| CSAN - CLNE | 31% Poorly correlated | +0.34% | ||
| BPT - CLNE | 31% Poorly correlated | +0.28% | ||
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