Clean Energy Fuels' (CLNE) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Clean Energy Fuels' stock rating has been reaffirmed as "sell (D-)" by Weiss Ratings, indicating ongoing concerns about its performance.
• Jefferies Financial Group downgraded the stock from "buy" to "hold" with a target price of $2.20, while UBS Group raised its target price to $2.75, reflecting differing perspectives on the company's valuation.
• The company reported a quarterly revenue of $102.61 million, exceeding expectations, but recorded a negative net margin of 48.40%, highlighting challenges in profitability.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Jefferies Financial Group downgraded Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 target price for the company. in a research report on Friday, August 8th. UBS Group reiterated a "buy" rating and set a $2.75 target price (up from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $3.59.

Clean Energy Fuels Price Performance

CLNE traded up $0.20 during trading on Friday, reaching $3.06. 2,119,276 shares of the company traded hands, compared to its average volume of 1,373,353. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.51 and a current ratio of 2.83. Clean Energy Fuels has a 12-month low of $1.30 and a 12-month high of $3.67. The firm has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $2.13. The company has a market cap of $671.03 million, a P/E ratio of -3.40 and a beta of 2.70.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its earnings results on Thursday, August 7th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The firm had revenue of $102.61 million during the quarter, compared to the consensus estimate of $94.73 million. Clean Energy Fuels had a negative return on equity of 27.98% and a negative net margin of 48.40%.The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. On average, equities analysts forecast that Clean Energy Fuels will post -0.33 EPS for the current year.

Insider Buying and Selling

In other Clean Energy Fuels news, SVP Barclay Corbus sold 105,300 shares of Clean Energy Fuels stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $2.63, for a total transaction of $276,939.00. Following the completion of the transaction, the senior vice president directly owned 1,061,248 shares of the company's stock, valued at $2,791,082.24. The trade was a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management boosted its stake in Clean Energy Fuels by 2,472.7% during the third quarter. Spire Wealth Management now owns 21,714 shares of the utilities provider's stock worth $56,000 after buying an additional 20,870 shares during the period. Cim Investment Management Inc. boosted its stake in Clean Energy Fuels by 100.7% during the second quarter. Cim Investment Management Inc. now owns 65,244 shares of the utilities provider's stock worth $127,000 after buying an additional 32,742 shares during the period. Tower Research Capital LLC TRC boosted its stake in Clean Energy Fuels by 317.9% during the second quarter. Tower Research Capital LLC TRC now owns 27,152 shares of the utilities provider's stock worth $53,000 after buying an additional 20,654 shares during the period. Man Group plc bought a new stake in shares of Clean Energy Fuels during the second quarter worth $297,000. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Clean Energy Fuels during the second quarter worth $878,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

About Clean Energy Fuels

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.

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