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

Clean Energy Fuels (NASDAQ:CLNE) was upgraded by StockNews.com to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also issued reports on CLNE. Scotiabank cut their target price on Clean Energy Fuels from $7.00 to $6.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 6th. Stifel Nicolaus cut their target price on Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.80.

Clean Energy Fuels Trading Up 2.1 %

Shares of CLNE stock traded up $0.05 during trading on Tuesday, hitting $2.47. 3,650,109 shares of the stock traded hands, compared to its average volume of 1,642,695. The firm has a market capitalization of $551.40 million, a P/E ratio of -5.61 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.59. The firm’s fifty day moving average price is $2.91 and its 200-day moving average price is $3.43. Clean Energy Fuels has a 52-week low of $2.32 and a 52-week high of $5.25.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. The firm had revenue of $106.86 million for the quarter, compared to analyst estimates of $106.50 million. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. As a group, research analysts forecast that Clean Energy Fuels will post -0.49 earnings per share for the current fiscal year.

Institutional Trading of Clean Energy Fuels

A number of large investors have recently modified their holdings of CLNE. ECP ControlCo LLC purchased a new stake in shares of Clean Energy Fuels during the fourth quarter worth $13,493,000. State Street Corp grew its stake in shares of Clean Energy Fuels by 19.6% during the second quarter. State Street Corp now owns 12,696,002 shares of the utilities provider’s stock worth $56,878,000 after purchasing an additional 2,082,455 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Clean Energy Fuels during the third quarter worth $6,997,000. Dimensional Fund Advisors LP grew its stake in shares of Clean Energy Fuels by 16.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,089,049 shares of the utilities provider’s stock worth $43,988,000 after purchasing an additional 1,435,096 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Clean Energy Fuels by 297.6% during the second quarter. Point72 Asset Management L.P. now owns 1,306,350 shares of the utilities provider’s stock worth $6,479,000 after purchasing an additional 977,788 shares in the last quarter. Hedge funds and other institutional investors own 49.40% of the company’s stock.

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.