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

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

Separately, Scotiabank lifted their target price on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Energy Fuels currently has a consensus rating of “Buy” and a consensus target price of $5.38.

Clean Energy Fuels Stock Performance

NASDAQ CLNE opened at $2.55 on Tuesday. The firm has a market cap of $569.82 million, a P/E ratio of -8.23 and a beta of 2.14. The company’s 50 day moving average is $2.85 and its 200-day moving average is $2.83. Clean Energy Fuels has a 12-month low of $2.17 and a 12-month high of $4.13. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $104.90 million during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.12) EPS. Sell-side analysts predict that Clean Energy Fuels will post -0.33 earnings per share for the current year.

Institutional Trading of Clean Energy Fuels

Institutional investors have recently made changes to their positions in the stock. Eastern Bank bought a new position in shares of Clean Energy Fuels in the third quarter worth about $31,000. DRW Securities LLC purchased a new position in Clean Energy Fuels during the second quarter valued at $38,000. Point72 DIFC Ltd bought a new stake in shares of Clean Energy Fuels in the third quarter worth about $41,000. Zacks Investment Management purchased a new stake in shares of Clean Energy Fuels during the 3rd quarter worth approximately $42,000. Finally, Algert Global LLC bought a new position in Clean Energy Fuels during the second quarter valued at $45,000. 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.