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 released on Tuesday.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $3.44 on Tuesday. The stock has a market capitalization of $768.70 million, a PE ratio of -11.10 and a beta of 2.18. Clean Energy Fuels has a 52-week low of $2.17 and a 52-week high of $3.67. The stock’s 50-day moving average price is $2.87 and its 200 day moving average price is $2.90. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $100.64 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm’s quarterly 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. As a group, equities research analysts forecast that Clean Energy Fuels will post -0.33 EPS for the current year.

Hedge Funds Weigh In On Clean Energy Fuels

Institutional investors and hedge funds have recently made changes to their positions in the business. Eastern Bank acquired a new position in shares of Clean Energy Fuels in the 3rd quarter valued at $31,000. Point72 DIFC Ltd acquired a new position in shares of Clean Energy Fuels in the 3rd quarter valued at $41,000. Zacks Investment Management acquired a new position in shares of Clean Energy Fuels in the 3rd quarter valued at $42,000. Algert Global LLC acquired a new position in shares of Clean Energy Fuels in the 2nd quarter valued at $45,000. Finally, Versor Investments LP acquired a new position in shares of Clean Energy Fuels in the 4th quarter valued at $45,000. 49.94% of the stock is currently owned by hedge funds and other 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.