Clean Energy Fuels Corp (NASDAQ:CLNE)’s stock price rose 7% during mid-day trading on Monday . The stock traded as high as $2.34 and last traded at $2.28, approximately 1,490,871 shares changed hands during mid-day trading. An increase of 74% from the average daily volume of 857,413 shares. The stock had previously closed at $2.13.

CLNE has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Clean Energy Fuels from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. ValuEngine upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, BidaskClub upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Thursday.

The firm has a market capitalization of $466.74 million, a price-to-earnings ratio of -38.00 and a beta of 1.99. The company’s 50 day moving average is $2.20 and its 200-day moving average is $2.65. The company has a current ratio of 1.80, a quick ratio of 1.52 and a debt-to-equity ratio of 0.10.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Thursday, August 8th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). Clean Energy Fuels had a negative net margin of 6.29% and a negative return on equity of 4.46%. The business had revenue of $72.32 million during the quarter. Research analysts expect that Clean Energy Fuels Corp will post -0.12 EPS for the current year.

Large investors have recently modified their holdings of the stock. Bank of Montreal Can lifted its stake in Clean Energy Fuels by 655.6% in the 2nd quarter. Bank of Montreal Can now owns 11,334 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 9,834 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Clean Energy Fuels by 51.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 19,123 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 6,523 shares during the last quarter. Trust Co. of Toledo NA OH lifted its position in Clean Energy Fuels by 20.2% during the first quarter. Trust Co. of Toledo NA OH now owns 23,042 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 3,872 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Clean Energy Fuels during the first quarter worth approximately $74,000. Finally, Holderness Investments Co. lifted its position in Clean Energy Fuels by 15.8% during the second quarter. Holderness Investments Co. now owns 28,875 shares of the utilities provider’s stock worth $77,000 after acquiring an additional 3,935 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

Clean Energy Fuels Company Profile (NASDAQ:CLNE)

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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