Clean Energy Fuels (NASDAQ:CLNE) Upgraded at StockNews.com

StockNews.com upgraded shares of Clean Energy Fuels (NASDAQ:CLNE - Free Report) from a sell rating to a hold rating in a report published on Tuesday.

Clean Energy Fuels Trading Down 0.9 %

NASDAQ:CLNE traded down $0.03 during trading hours on Tuesday, hitting $3.41. 2,097,658 shares of the stock were exchanged, compared to its average volume of 2,844,724. The company's 50 day moving average is $2.88 and its two-hundred day moving average is $2.91. The company has a market capitalization of $761.99 million, a P/E ratio of -11.00 and a beta of 2.18. Clean Energy Fuels has a twelve month low of $2.17 and a twelve month high of $3.67. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36.

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

Institutional Investors Weigh In On Clean Energy Fuels

Institutional investors and hedge funds have recently modified their holdings of the business. Eastern Bank acquired a new stake in Clean Energy Fuels during the 3rd quarter worth $31,000. Point72 DIFC Ltd bought a new position in shares of Clean Energy Fuels in the 3rd quarter worth $41,000. Zacks Investment Management acquired a new stake in shares of Clean Energy Fuels during the third quarter worth $42,000. Algert Global LLC bought a new stake in Clean Energy Fuels in the second quarter valued at about $45,000. Finally, Versor Investments LP acquired a new position in Clean Energy Fuels in the fourth quarter valued at about $45,000. 49.94% of the stock is owned by institutional investors.

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.