Clean Energy Rises On Unusually High Volume (CLNE)

NEW YORK ( TheStreet) -- Clean Energy Fuels Corporation (Nasdaq: CLNE) is trading at unusually high volume Friday with four million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.06 (+5.3%) at $21.05 as of 4 p.m. ET.

Clean Energy has a market cap of $1.05 billion and is part of the utilities sector and utilities industry. Shares are up 60.4% year to date as of the close of trading on Thursday.

Clean Energy Fuels Corp., together with its subsidiaries, provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, finances, and operates fueling stations; and supplies compressed and liquefied natural gas. The company has a P/E ratio of 29, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Clean Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full Clean Energy Ratings Report.

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