Clean Energy Fuels (NASDAQ:CLNE) Upgraded to "Hold" 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 research report report published on Tuesday morning.

Clean Energy Fuels Trading Down 0.9 %

CLNE traded down $0.03 during trading on Tuesday, reaching $3.41. 2,097,658 shares of the company's stock were exchanged, compared to its average volume of 2,614,195. The company's fifty day moving average price is $2.89 and its 200-day moving average price is $2.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. Clean Energy Fuels has a fifty-two week low of $2.17 and a fifty-two week high of $3.67. The firm has a market capitalization of $762.00 million, a PE ratio of -11.00 and a beta of 2.18.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced 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. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The company had revenue of $104.90 million during the quarter, compared to analyst estimates of $100.64 million. During the same quarter in the previous year, the business earned ($0.12) EPS. The firm's revenue was up 9.7% on a year-over-year basis. As a group, equities analysts forecast that Clean Energy Fuels will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CLNE. Moors & Cabot Inc. grew its position in shares of Clean Energy Fuels by 0.9% during the 4th quarter. Moors & Cabot Inc. now owns 413,195 shares of the utilities provider's stock worth $1,037,000 after purchasing an additional 3,700 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Clean Energy Fuels by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 516,302 shares of the utilities provider's stock worth $1,296,000 after purchasing an additional 5,485 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Clean Energy Fuels by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider's stock worth $187,000 after purchasing an additional 6,637 shares in the last quarter. FMR LLC grew its position in shares of Clean Energy Fuels by 14.8% during the 3rd quarter. FMR LLC now owns 53,546 shares of the utilities provider's stock worth $167,000 after purchasing an additional 6,884 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Clean Energy Fuels by 3.2% during the 4th quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider's stock worth $700,000 after purchasing an additional 8,731 shares in the last quarter. Institutional investors and hedge funds 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.