Clean Energy Fuels (NASDAQ:CLNE) Lowered to "Sell" Rating by StockNews.com

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

Clean Energy Fuels Price Performance

Shares of CLNE traded up $0.02 during trading hours on Monday, hitting $3.17. 2,230,675 shares of the stock were exchanged, compared to its average volume of 2,739,656. The stock's 50-day moving average price is $2.79 and its two-hundred day moving average price is $2.87. Clean Energy Fuels has a 12-month low of $2.17 and a 12-month high of $3.37. 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 company has a market cap of $707.25 million, a price-to-earnings ratio of -10.21 and a beta of 2.16.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its earnings results 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. The business had revenue of $104.90 million during the quarter, compared to analyst estimates of $100.64 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. Research analysts expect that Clean Energy Fuels will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On Clean Energy Fuels

A number of institutional investors have recently added to or reduced their stakes in CLNE. Barclays PLC boosted its holdings in Clean Energy Fuels by 252.1% in the 3rd quarter. Barclays PLC now owns 266,104 shares of the utilities provider's stock valued at $828,000 after purchasing an additional 190,520 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Clean Energy Fuels by 309.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider's stock valued at $2,271,000 after buying an additional 551,896 shares during the period. BNP Paribas Financial Markets lifted its holdings in Clean Energy Fuels by 167.4% in the third quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider's stock valued at $116,000 after acquiring an additional 23,301 shares during the last quarter. State Street Corp grew its position in Clean Energy Fuels by 0.5% in the third 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. Finally, Jane Street Group LLC increased its stake in Clean Energy Fuels by 52.8% during the third quarter. Jane Street Group LLC now owns 363,086 shares of the utilities provider's stock worth $1,129,000 after acquiring an additional 125,404 shares during the last quarter. Hedge funds and other 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.

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