Clean Energy Fuels (NASDAQ:CLNE) Stock Rating Upgraded by StockNews.com

Clean Energy Fuels (NASDAQ:CLNEGet Free Report) was upgraded by investment analysts at StockNews.com to a “sell” rating in a report issued on Wednesday.

Separately, Stifel Nicolaus reduced their price target on Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.25.

Read Our Latest Stock Analysis on CLNE

Clean Energy Fuels Stock Down 3.9 %

NASDAQ CLNE traded down $0.12 on Wednesday, reaching $2.92. 3,265,652 shares of the stock traded hands, compared to its average volume of 1,543,890. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.42 and a current ratio of 2.69. The company has a fifty day moving average price of $3.29 and a 200-day moving average price of $3.64. The company has a market cap of $651.22 million, a price-to-earnings ratio of -6.95 and a beta of 2.13. Clean Energy Fuels has a 12 month low of $2.74 and a 12 month high of $5.27.

Hedge Funds Weigh In On Clean Energy Fuels

A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC lifted its position in shares of Clean Energy Fuels by 2.3% in the fourth quarter. MetLife Investment Management LLC now owns 85,798 shares of the utilities provider’s stock valued at $446,000 after acquiring an additional 1,919 shares in the last quarter. White Pine Capital LLC increased its stake in Clean Energy Fuels by 0.5% during the fourth quarter. White Pine Capital LLC now owns 394,295 shares of the utilities provider’s stock worth $2,050,000 after acquiring an additional 2,060 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Clean Energy Fuels by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 671,087 shares of the utilities provider’s stock worth $3,329,000 after acquiring an additional 2,155 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Clean Energy Fuels by 4.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 58,077 shares of the utilities provider’s stock valued at $260,000 after buying an additional 2,274 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Clean Energy Fuels by 3.0% in the second quarter. American International Group Inc. now owns 79,351 shares of the utilities provider’s stock valued at $355,000 after purchasing an additional 2,325 shares during the period. Hedge funds and other institutional investors own 49.40% of the company’s stock.

Clean Energy Fuels Company Profile

(Get Free Report)

Clean Energy Fuels Corp. provides natural gas as an alternative fuel 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.

Featured Stories

Receive News & Ratings for Clean Energy Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Energy Fuels and related companies with MarketBeat.com's FREE daily email newsletter.