Clean Energy Fuels (NASDAQ:CLNE) Upgraded at StockNews.com

Clean Energy Fuels (NASDAQ:CLNE) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, Scotiabank raised their price objective on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $5.38.

Clean Energy Fuels Price Performance

Clean Energy Fuels stock opened at $2.55 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The stock has a market cap of $569.82 million, a price-to-earnings ratio of -8.23 and a beta of 2.14. The firm has a 50-day moving average of $2.85 and a two-hundred day moving average of $2.83. Clean Energy Fuels has a 1 year low of $2.17 and a 1 year high of $4.13.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $104.90 million for the quarter, compared to the consensus estimate of $100.64 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS. On average, research analysts forecast that Clean Energy Fuels will post -0.33 earnings per share for the current year.

Institutional Trading of Clean Energy Fuels

Institutional investors and hedge funds have recently bought and sold shares of the business. Eastern Bank purchased a new stake in shares of Clean Energy Fuels in the third quarter worth about $31,000. DRW Securities LLC purchased a new stake in Clean Energy Fuels in the 2nd quarter worth $38,000. Point72 DIFC Ltd acquired a new position in shares of Clean Energy Fuels during the 3rd quarter worth about $41,000. Zacks Investment Management acquired a new position in shares of Clean Energy Fuels during the third quarter valued at approximately $42,000. Finally, Algert Global LLC purchased a new position in Clean Energy Fuels in the 2nd quarter valued at $45,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

About Clean Energy Fuels

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.