Clean Energy Fuels (NASDAQ:CLNE) Shares Up 7.9% - Should You Buy?

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report)'s stock price traded up 7.9% during mid-day trading on Tuesday . The company traded as high as $3.31 and last traded at $3.35. 479,079 shares were traded during mid-day trading, a decline of 82% from the average session volume of 2,718,174 shares. The stock had previously closed at $3.10.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Clean Energy Fuels from a "sell" rating to a "hold" rating in a report on Tuesday.

Clean Energy Fuels Price Performance

The company has a market capitalization of $762.00 million, a P/E ratio of -11.00 and a beta of 2.18. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The business has a 50 day simple moving average of $2.89 and a 200-day simple moving average of $2.91.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm had revenue of $104.90 million for the quarter, compared to the consensus estimate of $100.64 million. During the same period last year, the firm posted ($0.12) EPS. Clean Energy Fuels's quarterly revenue was up 9.7% compared to the same quarter last year. Analysts predict that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. bought a new position in Clean Energy Fuels in the 2nd quarter valued at about $74,000. AQR Capital Management LLC lifted its stake in shares of Clean Energy Fuels by 49.1% in the 2nd quarter. AQR Capital Management LLC now owns 234,235 shares of the utilities provider's stock worth $625,000 after acquiring an additional 77,170 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Clean Energy Fuels by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider's stock valued at $187,000 after acquiring an additional 6,637 shares in the last quarter. Algert Global LLC acquired a new position in shares of Clean Energy Fuels during the second quarter valued at approximately $45,000. Finally, SG Americas Securities LLC raised 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 purchasing an additional 94,162 shares in the last quarter. Institutional investors own 49.94% of the company's stock.

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.