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New York, NY -- (SBWIRE) -- 03/12/2013 -- StockRunway.com issues special report on the Best Utilities Stocks to Watch – Clean Energy Fuels Corp(NASDAQ:CLNE), Atlantic Power Corp(NYSE:AT), AES Corporation(NYSE:AES)
Clean Energy Fuels Corp(NASDAQ:CLNE) gained +5.63% and closed at $14.08 with the total traded volume of 2.70 million shares after analysts at Ascendiant Capital launched coverage on the stock with a Buy rating and $15.50 price target.
Ascendiant Capital said that Clean Energy is the biggest provider of natural gas fuel for transportation in North America and is on top in the deployment of natgas fueling infrastructure with plans to construct ~120-130 liquefied natural gas (LNG) retail fuel stations by YE13.
For How Long CLNE will Fight for Profitability? Read This Trend Analysis report
The rating firm also notes that the company has become more vertically integrated and is on track to become a one-stop shop for the emerging retail natgas market through a series of acquisitions. Its opening price was $13.56 and its shares traded within the range of $13.30-$14.14. This company has earnings per share of -$1.15 with the net profit margin of -30.20% and operating margin of -25.47%. The company now has market cap of about $1.24 billion.
Atlantic Power Corp(NYSE:AT) climbed +2.21% with the closing price of $5.55 after unveiling plan to sell its stake in a California power transmission project to Duke-American Transmission Co. The company said that it is no longer part of its core business model.
The energy company is putting more efforts on natural gas development and that the sale of the project, the most highly levered asset in its portfolio, will help them to better focus on the rest of its business. It expected to receive net proceeds of roughly $56 million from the sale and intends to use it for general corporate purposes and to invest in future growth opportunities. The deal is projected to complete in the second quarter of 2013.
For How Long AT’s Gloss will Attract Investors? Find out via this report
The overall volume in the last trading session was 2.66 million shares. Its fifty two week range was $5.27-$15.18. The total market capitalization remained $648.85million. The stock is ahead its 52 week low with 3.74% and its last month price volatility remained 5.07%. Its beta coefficient was 0.77 with a target price of $9.40. In its share capital, the company has 344.49 million outstanding shares while 325.80 million shares have been floated in market.
It has insider ownership of 5.43% with institutional ownership remained 60.67%. Earnings per share this year grew 0.34% while the five year EPS growth rate was -7.26%.
The AES Corporation(NYSE:AES) jumped +1.46% and closed at $12.51 in the last trading session with the overall traded volume of 4.89 million shares, more versus the average volume of 7.08 million shares. The stock extended rally after Macquarie upped its PT from $12.00 to $13.00. Its 52 weeks high price was $13.44 and suffered lowest price of $9.52 in the same period.
AES has current ratio of 1.02 and its total debt-to-equity ratio is 4.68. It has market cap of $9.33 billion while its total outstanding shares are 745.77million. The stock beta value stands at 1.37 times.
Will AES Continue To Move Higher? Find Out Here
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