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

StockNews.com upgraded shares of Clean Energy Fuels (NASDAQ:CLNE) from a sell rating to a hold rating in a research note published on Monday.

Separately, Scotiabank boosted their price target on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $5.38.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $2.80 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.59. The company’s fifty day simple moving average is $2.95 and its 200-day simple moving average is $2.80. Clean Energy Fuels has a 52 week low of $2.17 and a 52 week high of $4.13.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $104.90 million for the quarter, compared to analyst estimates 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 revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted ($0.12) earnings per share. On average, equities research analysts expect that Clean Energy Fuels will post -0.34 earnings per share for the current year.

Institutional Trading of Clean Energy Fuels

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Clean Energy Fuels by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock valued at $27,071,000 after acquiring an additional 100,271 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Clean Energy Fuels by 1.5% during the third quarter. Global Alpha Capital Management Ltd. now owns 7,145,976 shares of the utilities provider’s stock worth $22,224,000 after purchasing an additional 102,400 shares during the last quarter. SIR Capital Management L.P. grew its stake in Clean Energy Fuels by 9.8% in the second quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock worth $7,381,000 after purchasing an additional 246,600 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Clean Energy Fuels by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,443,182 shares of the utilities provider’s stock valued at $4,488,000 after buying an additional 15,737 shares during the last quarter. Finally, Connors Investor Services Inc. raised its stake in Clean Energy Fuels by 5.1% during the first quarter. Connors Investor Services Inc. now owns 813,904 shares of the utilities provider’s stock valued at $2,181,000 after buying an additional 39,186 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

About Clean Energy Fuels

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.