Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Consensus Recommendation of “Buy” by Analysts

Clean Energy Fuels Corp. (NASDAQ:CLNE) has been assigned an average recommendation of “Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $5.60.

Separately, StockNews.com raised Clean Energy Fuels to a “sell” rating in a research note on Wednesday, August 14th.

Institutional Trading of Clean Energy Fuels

Several hedge funds have recently added to or reduced their stakes in CLNE. The Manufacturers Life Insurance Company raised its holdings in shares of Clean Energy Fuels by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider’s stock worth $187,000 after buying an additional 6,637 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Clean Energy Fuels by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 6,989 shares during the period. Brown Advisory Inc. increased its position in shares of Clean Energy Fuels by 24.3% in the fourth quarter. Brown Advisory Inc. now owns 49,736 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 9,736 shares during the last quarter. Alterna Wealth Management Inc. increased its position in shares of Clean Energy Fuels by 100.0% in the fourth quarter. Alterna Wealth Management Inc. now owns 20,000 shares of the utilities provider’s stock valued at $77,000 after acquiring an additional 10,000 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Clean Energy Fuels by 30.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 10,437 shares during the period. Institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

CLNE stock opened at $3.09 on Monday. The company has a quick ratio of 2.82, a current ratio of 3.17 and a debt-to-equity ratio of 0.36. Clean Energy Fuels has a fifty-two week low of $2.17 and a fifty-two week high of $4.93. The business has a 50 day moving average price of $2.77 and a 200 day moving average price of $2.68. The stock has a market cap of $690.40 million, a price-to-earnings ratio of -8.83 and a beta of 2.15.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $97.95 million for the quarter, compared to analyst estimates of $106.45 million. Clean Energy Fuels had a negative return on equity of 8.75% and a negative net margin of 19.61%. Clean Energy Fuels’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Equities research analysts anticipate that Clean Energy Fuels will post -0.34 earnings per share for the current fiscal year.

Clean Energy Fuels Company Profile

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.