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

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Wednesday.

Separately, Raymond James reaffirmed a "strong-buy" rating and set a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th.

Clean Energy Fuels Trading Up 1.0 %

NASDAQ CLNE traded up $0.02 during trading on Wednesday, hitting $2.04. The stock had a trading volume of 2,946,195 shares, compared to its average volume of 3,107,937. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The stock has a market capitalization of $456.15 million, a price-to-earnings ratio of -6.58 and a beta of 2.18. Clean Energy Fuels has a one year low of $1.81 and a one year high of $3.67. The stock has a 50 day simple moving average of $2.90 and a 200 day simple moving average of $2.92.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same quarter last year, the firm earned $0.01 earnings per share. Sell-side analysts predict that Clean Energy Fuels will post -0.33 earnings per share for the current year.

Insider Activity

In other Clean Energy Fuels news, CFO Robert M. Vreeland acquired 15,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $1.94 per share, with a total value of $29,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 458,800 shares in the company, valued at $890,072. This represents a 3.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On Clean Energy Fuels

Several institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. increased its holdings in Clean Energy Fuels by 0.9% during the fourth quarter. Moors & Cabot Inc. now owns 413,195 shares of the utilities provider's stock valued at $1,037,000 after buying an additional 3,700 shares during the period. GTS Securities LLC grew its holdings in Clean Energy Fuels by 16.8% in the fourth quarter. GTS Securities LLC now owns 27,446 shares of the utilities provider's stock worth $69,000 after purchasing an additional 3,955 shares during the last quarter. Invesco Ltd. grew its holdings in Clean Energy Fuels by 1.2% in the fourth quarter. Invesco Ltd. now owns 349,650 shares of the utilities provider's stock worth $878,000 after purchasing an additional 4,108 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Clean Energy Fuels by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider's stock worth $245,000 after purchasing an additional 4,215 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Clean Energy Fuels by 56.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock worth $34,000 after purchasing an additional 4,894 shares during the last quarter. 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.