Clean Energy Fuels (NASDAQ:CLNE) Raised to “Hold” at StockNews.com

Clean Energy Fuels (NASDAQ:CLNE) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Separately, Scotiabank increased their price target on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $5.38.

Clean Energy Fuels Stock Performance

CLNE opened at $2.95 on Monday. The stock’s 50 day simple moving average is $2.95 and its 200 day simple moving average is $2.80. The stock has a market cap of $659.21 million, a P/E ratio of -10.00 and a beta of 2.12. Clean Energy Fuels has a 1-year low of $2.17 and a 1-year high of $4.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.82.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.58% and a negative net margin of 17.32%. The company had revenue of $104.90 million for the quarter, compared to analyst estimates of $100.64 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Clean Energy Fuels’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Energy Fuels will post -0.34 EPS for the current fiscal year.

Institutional Trading of Clean Energy Fuels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eastern Bank purchased a new position in Clean Energy Fuels in the 3rd quarter valued at about $31,000. Tidal Investments LLC acquired a new position in shares of Clean Energy Fuels in the first quarter valued at approximately $33,000. DRW Securities LLC purchased a new position in shares of Clean Energy Fuels during the second quarter valued at approximately $38,000. Algert Global LLC acquired a new stake in Clean Energy Fuels during the second quarter worth approximately $45,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in Clean Energy Fuels in the 1st quarter worth approximately $52,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.