Clean Energy Fuels (CLNE) Stock Rating Lowered by BidaskClub
BidaskClub cut shares of Clean Energy Fuels (NASDAQ:CLNE) from a hold rating to a sell rating in a report published on Tuesday.
CLNE has been the topic of several other research reports. ValuEngine upgraded Clean Energy Fuels from a sell rating to a hold rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded Clean Energy Fuels from a buy rating to a hold rating in a research note on Wednesday, July 11th. Finally, Raymond James downgraded Clean Energy Fuels from a market perform rating to an underperform rating in a research note on Thursday, July 5th. They noted that the move was a valuation call.
Shares of Clean Energy Fuels stock remained flat at $$2.36 during midday trading on Tuesday. The company had a trading volume of 870,387 shares, compared to its average volume of 1,569,107. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.13 and a quick ratio of 1.93. The stock has a market cap of $529.00 million, a P/E ratio of -4.45 and a beta of 1.60. Clean Energy Fuels has a 52 week low of $1.31 and a 52 week high of $4.05.
Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its stake in Clean Energy Fuels by 27.6% during the 1st quarter. Millennium Management LLC now owns 1,282,388 shares of the utilities provider’s stock valued at $2,116,000 after purchasing an additional 277,147 shares during the last quarter. Price Capital Management Inc. purchased a new stake in Clean Energy Fuels during the 2nd quarter valued at $756,000. Metropolitan Life Insurance Co. NY purchased a new stake in Clean Energy Fuels during the 2nd quarter valued at $180,000. MetLife Investment Advisors LLC purchased a new stake in Clean Energy Fuels during the 2nd quarter valued at $254,000. Finally, Dimensional Fund Advisors LP boosted its stake in Clean Energy Fuels by 7.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,343,300 shares of the utilities provider’s stock valued at $34,477,000 after purchasing an additional 619,882 shares during the last quarter. Institutional investors and hedge funds own 25.41% of the company’s stock.
Clean Energy Fuels Company Profile
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and provides operation and maintenance services for vehicle fleet customer stations.
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