Clean Energy Fuels (NASDAQ:CLNE) Cut to “Sell” at StockNews.com

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

Clean Energy Fuels Stock Performance

NASDAQ CLNE opened at $3.16 on Monday. The company has a fifty day moving average price of $2.80 and a 200-day moving average price of $2.87. The firm has a market cap of $706.13 million, a price-to-earnings ratio of -10.19 and a beta of 2.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. Clean Energy Fuels has a 1 year low of $2.17 and a 1 year high of $3.37.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $104.90 million during the quarter, compared to the consensus estimate of $100.64 million. During the same period in the prior year, the firm posted ($0.12) EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Clean Energy Fuels will post -0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Clean Energy Fuels

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