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

StockNews.com upgraded shares of Clean Energy Fuels (NASDAQ:CLNE) from a sell rating to a hold rating in a report issued on Monday morning.

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

Clean Energy Fuels Trading Down 1.6 %

Clean Energy Fuels stock opened at $3.10 on Monday. Clean Energy Fuels has a 12-month low of $2.17 and a 12-month high of $4.13. The firm has a market capitalization of $692.73 million, a price-to-earnings ratio of -10.00 and a beta of 2.12. The firm has a 50 day moving average of $2.95 and a 200 day moving average of $2.79. The company has a current ratio of 2.87, a quick ratio of 2.82 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results 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. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.58%. The company had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $100.64 million. During the same quarter in the previous year, the company earned ($0.12) EPS. Clean Energy Fuels’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts predict that Clean Energy Fuels will post -0.34 earnings per share for the current year.

Institutional Trading of Clean Energy Fuels

A number of large investors have recently added to or reduced their stakes in CLNE. The Manufacturers Life Insurance Company increased its stake in Clean Energy Fuels by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider’s stock worth $187,000 after acquiring an additional 6,637 shares during the last quarter. Rhumbline Advisers increased its position in shares of Clean Energy Fuels by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 6,989 shares during the last quarter. Eastern Bank purchased a new stake in Clean Energy Fuels during the 3rd quarter valued at $31,000. CANADA LIFE ASSURANCE Co lifted its position in Clean Energy Fuels by 30.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider’s stock worth $119,000 after buying an additional 10,437 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in Clean Energy Fuels during the first quarter worth $33,000. 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.