Clean Energy Fuels’ (CLNE) Strong-Buy Rating Reaffirmed at Raymond James

Raymond James reaffirmed their strong-buy rating on shares of Clean Energy Fuels (NASDAQ:CLNE) in a research note published on Tuesday,Benzinga reports. The firm currently has a $4.00 price target on the utilities provider’s stock, down from their prior price target of $5.00.

Separately, StockNews.com upgraded Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th.

Clean Energy Fuels Trading Down 25.5 %

Shares of Clean Energy Fuels stock opened at $2.02 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The stock has a 50 day moving average of $2.93 and a 200 day moving average of $2.94. Clean Energy Fuels has a fifty-two week low of $1.81 and a fifty-two week high of $3.67. The firm has a market capitalization of $451.38 million, a price-to-earnings ratio of -6.52 and a beta of 2.18.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The company had revenue of $109.33 million for the quarter, compared to analysts’ expectations of $102.60 million. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, research analysts predict that Clean Energy Fuels will post -0.33 earnings per share for the current year.

Institutional Trading of Clean Energy Fuels

Several hedge funds have recently modified their holdings of CLNE. Two Sigma Securities LLC acquired a new stake in shares of Clean Energy Fuels in the fourth quarter valued at $31,000. Balyasny Asset Management L.P. acquired a new stake in shares of Clean Energy Fuels in the fourth quarter valued at $31,000. Tower Research Capital LLC TRC raised its stake in shares of Clean Energy Fuels by 56.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 4,894 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Clean Energy Fuels in the fourth quarter valued at $40,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Clean Energy Fuels in the third quarter valued at $41,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

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.