Clean Energy Fuels (NASDAQ:CLNE) Rating Lowered to Sell at StockNews.com

Clean Energy Fuels (NASDAQ:CLNEGet Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Clean Energy Fuels Trading Down 0.3 %

NASDAQ CLNE opened at $3.16 on Monday. Clean Energy Fuels has a twelve month low of $2.17 and a twelve month high of $3.37. The business’s fifty day moving average is $2.80 and its 200 day moving average is $2.87. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The company has a market cap of $706.13 million, a price-to-earnings ratio of -10.19 and a beta of 2.16.

Clean Energy Fuels (NASDAQ:CLNEGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm had revenue of $104.90 million during the quarter, compared to the consensus estimate of $100.64 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, sell-side analysts expect that Clean Energy Fuels will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Alpha Capital Management Ltd. raised its position in shares of Clean Energy Fuels by 1.5% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,145,976 shares of the utilities provider’s stock worth $22,224,000 after acquiring an additional 102,400 shares in the last quarter. State Street Corp increased its holdings in Clean Energy Fuels by 0.5% in the third quarter. State Street Corp now owns 5,923,358 shares of the utilities provider’s stock worth $18,422,000 after purchasing an additional 31,602 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Clean Energy Fuels by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider’s stock valued at $13,075,000 after acquiring an additional 126,760 shares during the period. Yaupon Capital Management LP raised its holdings in shares of Clean Energy Fuels by 4.9% during the third quarter. Yaupon Capital Management LP now owns 2,573,358 shares of the utilities provider’s stock valued at $8,003,000 after purchasing an additional 120,987 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Clean Energy Fuels by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,443,182 shares of the utilities provider’s stock worth $4,488,000 after acquiring an additional 15,737 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

About Clean Energy Fuels

(Get Free Report)

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.

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