Clean Energy Fuels (NASDAQ:CLNE) Shares Down 9.2% - Should You Sell?

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) fell 9.2% on Monday . The company traded as low as $2.76 and last traded at $2.76. 2,192,629 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 3,156,603 shares. The stock had previously closed at $3.04.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Clean Energy Fuels from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Clean Energy Fuels currently has a consensus rating of "Buy" and a consensus target price of $5.38.

Clean Energy Fuels Stock Performance

The stock has a market cap of $610.04 million, a price-to-earnings ratio of -8.81 and a beta of 2.16. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $2.82 and its 200-day moving average is $2.84.

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 for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $104.90 million during the quarter, compared to the consensus estimate 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 was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.12) EPS. On average, analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Institutional Trading of Clean Energy Fuels

Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings 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 period. FMR LLC grew its position in Clean Energy Fuels by 14.8% in the third quarter. FMR LLC now owns 53,546 shares of the utilities provider's stock worth $167,000 after buying an additional 6,884 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Clean Energy Fuels by 2.4% in the second quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider's stock valued at $782,000 after buying an additional 6,989 shares in the last quarter. Eastern Bank acquired a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at $31,000. Finally, Grassi Investment Management grew its holdings in shares of Clean Energy Fuels by 74.1% in the 4th quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider's stock worth $59,000 after acquiring an additional 10,000 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

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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