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

Key Points

• Clean Energy Fuels' stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating ongoing concerns about its performance.
• Recent analyst reports show varied ratings: Jefferies downgraded it to "hold" with a $2.20 price target, while UBS upgraded its target to $2.75, reflecting divergent views on its future.
• The company reported earnings of ($0.01) per share, surpassing expectations, while revenue reached $102.61 million, marking a year-over-year increase of 4.8%.

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

CLNE has been the subject of a number of other research reports. Jefferies Financial Group cut Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 target price for the company. in a report on Friday, August 8th. UBS Group restated a "buy" rating and issued a $2.75 price objective (up previously from $2.00) on shares of Clean Energy Fuels in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $3.59.

Clean Energy Fuels Stock Down 1.1%

CLNE stock traded down $0.03 during trading hours on Wednesday, reaching $2.62. 1,238,613 shares of the stock were exchanged, compared to its average volume of 1,487,425. The firm's 50-day moving average is $2.48 and its 200-day moving average is $2.03. The company has a market cap of $574.54 million, a price-to-earnings ratio of -2.91 and a beta of 2.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.83 and a quick ratio of 2.51. Clean Energy Fuels has a 12 month low of $1.30 and a 12 month high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its earnings results on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. The firm had revenue of $102.61 million during the quarter, compared to analysts' expectations 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 revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. On average, equities research analysts expect that Clean Energy Fuels will post -0.33 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Barclay Corbus sold 105,300 shares of Clean Energy Fuels stock in a transaction dated Thursday, September 18th. The stock was 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 owned 1,061,248 shares in the company, valued at approximately $2,791,082.24. This trade represents a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On Clean Energy Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider's stock worth $29,000 after acquiring an additional 5,254 shares during the last quarter. Rhumbline Advisers lifted its position in Clean Energy Fuels by 2.2% during the second quarter. Rhumbline Advisers now owns 270,664 shares of the utilities provider's stock worth $528,000 after acquiring an additional 5,933 shares during the last quarter. Franklin Resources Inc. lifted its position in Clean Energy Fuels by 6.0% during the second quarter. Franklin Resources Inc. now owns 126,655 shares of the utilities provider's stock worth $247,000 after acquiring an additional 7,142 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Clean Energy Fuels by 140.2% during the second quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider's stock worth $29,000 after acquiring an additional 8,738 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in Clean Energy Fuels by 50.0% during the second quarter. Golden State Wealth Management LLC now owns 30,000 shares of the utilities provider's stock worth $58,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 49.94% of the company's stock.

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.

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