Clean Energy Fuels (NASDAQ:CLNE) Upgraded to Hold at Jefferies Financial Group

Clean Energy Fuels (NASDAQ:CLNE) was upgraded by equities researchers at Jefferies Financial Group to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Several other research firms also recently weighed in on CLNE. Weiss Ratings raised shares of Clean Energy Fuels from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 22nd. UBS Group cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.75 price objective on the stock. in a research report on Friday, July 17th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $2.50 target price on shares of Clean Energy Fuels in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.38.

Clean Energy Fuels Price Performance

Shares of CLNE opened at $1.57 on Tuesday. The firm has a market cap of $345.75 million, a PE ratio of -3.57 and a beta of 1.82. Clean Energy Fuels has a 52-week low of $1.54 and a 52-week high of $3.11. The business’s 50 day moving average price is $1.72 and its two-hundred day moving average price is $2.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.48.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Clean Energy Fuels had a negative net margin of 21.27% and a negative return on equity of 16.52%. The company had revenue of $106.36 million during the quarter, compared to analyst estimates of $111.27 million. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Clean Energy Fuels will post -0.3 EPS for the current year.

Institutional Trading of Clean Energy Fuels

Institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in Clean Energy Fuels by 1.4% during the second quarter. Deutsche Bank AG now owns 623,035 shares of the utilities provider’s stock worth $1,277,000 after purchasing an additional 8,762 shares during the last quarter. HB Wealth Management LLC purchased a new stake in Clean Energy Fuels in the 2nd quarter valued at about $25,000. R Squared Ltd bought a new position in shares of Clean Energy Fuels during the 1st quarter worth approximately $31,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Clean Energy Fuels by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 131,097 shares of the utilities provider’s stock worth $319,000 after buying an additional 13,491 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Clean Energy Fuels in the second quarter valued at approximately $30,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. (NASDAQ: CLNE) provides fuel and infrastructure solutions for heavy-duty transportation fleets in the United States and Canada. The company develops, owns and operates natural gas fueling stations and supplies compressed natural gas (CNG) and liquefied natural gas (LNG) for vehicles that travel substantial distances and require centralized fueling.

Clean Energy serves a range of commercial and public-sector customers, including refuse and recycling companies, transit agencies, trucking fleets, airports, utilities and other fleet operators.