Clean Energy Fuels (NASDAQ:CLNE) Upgraded by StockNews.com to “Hold” Rating

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

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

Clean Energy Fuels Stock Performance

Shares of Clean Energy Fuels stock opened at $3.10 on Monday. The business has a fifty day simple moving average of $2.95 and a two-hundred day simple moving average of $2.79. The firm has a market capitalization of $692.73 million, a P/E ratio of -10.00 and a beta of 2.12. The company has a current ratio of 2.87, a quick ratio of 2.82 and a debt-to-equity ratio of 0.36. Clean Energy Fuels has a 12 month low of $2.17 and a 12 month high of $4.13.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.58%. The business had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $100.64 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Clean Energy Fuels will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Clean Energy Fuels

Large investors have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. purchased a new stake in Clean Energy Fuels during the 1st quarter valued at $52,000. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 100,271 shares during the period. Connors Investor Services Inc. increased its position in shares of Clean Energy Fuels by 5.1% during the 1st quarter. Connors Investor Services Inc. now owns 813,904 shares of the utilities provider’s stock valued at $2,181,000 after purchasing an additional 39,186 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Clean Energy Fuels by 20.6% in the 1st quarter. Clearbridge Investments LLC now owns 432,622 shares of the utilities provider’s stock worth $1,159,000 after purchasing an additional 73,800 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Clean Energy Fuels by 30.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider’s stock worth $119,000 after buying an additional 10,437 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors.

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.