Clean Energy Fuels (NASDAQ:CLNE) Raised to “Hold” 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 report issued on Tuesday.

Clean Energy Fuels Price Performance

Shares of CLNE opened at $3.57 on Tuesday. The firm has a market capitalization of $797.75 million, a PE ratio of -11.52 and a beta of 2.18. 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 company’s fifty day moving average price is $2.87 and its 200-day moving average price is $2.90. Clean Energy Fuels has a 1-year low of $2.17 and a 1-year high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share 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 analyst estimates of $100.64 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.12) earnings per share. On average, equities research analysts predict that Clean Energy Fuels will post -0.33 EPS for the current year.

Institutional Trading of Clean Energy Fuels

Several large investors have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in Clean Energy Fuels during the second quarter valued at $74,000. AQR Capital Management LLC raised its stake in shares of Clean Energy Fuels by 49.1% during the 2nd quarter. AQR Capital Management LLC now owns 234,235 shares of the utilities provider’s stock valued at $625,000 after buying an additional 77,170 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Clean Energy Fuels by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider’s stock valued at $187,000 after buying an additional 6,637 shares during the period. Algert Global LLC purchased a new stake in shares of Clean Energy Fuels in the second quarter worth about $45,000. Finally, SG Americas Securities LLC grew its holdings in Clean Energy Fuels by 62.8% during the third quarter. SG Americas Securities LLC now owns 244,105 shares of the utilities provider’s stock worth $759,000 after acquiring an additional 94,162 shares during the period. 49.94% of the stock is owned by hedge funds and other institutional investors.

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.