BidaskClub upgraded shares of Clean Energy Fuels (NASDAQ:CLNE) from a sell rating to a hold rating in a research report released on Thursday morning, BidAskClub reports.

Several other equities research analysts have also issued reports on CLNE. Zacks Investment Research lowered Clean Energy Fuels from a buy rating to a hold rating in a research note on Thursday, July 25th. ValuEngine raised Clean Energy Fuels from a sell rating to a hold rating in a research note on Thursday, July 11th.

Shares of NASDAQ:CLNE traded up $0.01 during trading on Thursday, hitting $2.13. The company had a trading volume of 762,616 shares, compared to its average volume of 853,835. The stock has a market cap of $444.22 million, a price-to-earnings ratio of -35.50 and a beta of 1.99. Clean Energy Fuels has a one year low of $1.61 and a one year high of $3.47. The company has a fifty day simple moving average of $2.24 and a two-hundred day simple moving average of $2.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.80 and a quick ratio of 1.52.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $72.32 million during the quarter. Clean Energy Fuels had a negative return on equity of 4.46% and a negative net margin of 6.29%. On average, equities research analysts anticipate that Clean Energy Fuels will post -0.12 earnings per share for the current year.

Several hedge funds have recently modified their holdings of CLNE. Bank of America Corp DE lifted its stake in shares of Clean Energy Fuels by 118.4% during the 4th quarter. Bank of America Corp DE now owns 90,923 shares of the utilities provider’s stock worth $156,000 after acquiring an additional 49,296 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Clean Energy Fuels by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,696,552 shares of the utilities provider’s stock worth $18,398,000 after acquiring an additional 232,198 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Clean Energy Fuels by 1,430,300.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 28,608 shares of the utilities provider’s stock worth $88,000 after acquiring an additional 28,606 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Clean Energy Fuels by 34.0% during the 1st quarter. SG Americas Securities LLC now owns 47,043 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 11,935 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Clean Energy Fuels by 658.3% during the 1st quarter. Moors & Cabot Inc. now owns 150,900 shares of the utilities provider’s stock worth $462,000 after acquiring an additional 131,000 shares during the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

About Clean Energy Fuels

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 offers operation and maintenance services for public and private vehicle fleet customer stations.

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