Clean Energy Fuels (NASDAQ:CLNE) Upgraded to "Sell" at StockNews.com

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) was upgraded by analysts at StockNews.com to a "sell" rating in a research note issued to investors on Tuesday.

Other analysts also recently issued research reports about the company. Scotiabank decreased their price target on Clean Energy Fuels from $7.00 to $6.00 and set a "sector outperform" rating for the company in a research note on Wednesday, March 6th. Stifel Nicolaus decreased their target price on Clean Energy Fuels from $8.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, January 23rd. Finally, Raymond James decreased their target price on Clean Energy Fuels from $6.00 to $5.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.60.

Clean Energy Fuels Stock Up 4.8 %

NASDAQ:CLNE traded up $0.12 during trading hours on Tuesday, hitting $2.60. 1,554,247 shares of the company's stock traded hands, compared to its average volume of 1,641,421. The firm has a market cap of $580.48 million, a P/E ratio of -5.91 and a beta of 2.06. Clean Energy Fuels has a twelve month low of $2.32 and a twelve month high of $5.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.59 and a current ratio of 2.87. The stock's fifty day moving average price is $2.77 and its two-hundred day moving average price is $3.30.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. Clean Energy Fuels had a negative return on equity of 14.05% and a negative net margin of 23.40%. The firm had revenue of $106.86 million for the quarter, compared to the consensus estimate of $106.50 million. On average, research analysts expect that Clean Energy Fuels will post -0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new position in shares of Clean Energy Fuels in the 3rd quarter worth $38,000. Prio Wealth Limited Partnership acquired a new stake in Clean Energy Fuels during the 4th quarter worth $38,000. Xponance Inc. acquired a new stake in Clean Energy Fuels during the 3rd quarter worth $39,000. Sunbelt Securities Inc. raised its stake in Clean Energy Fuels by 1,052.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider's stock worth $42,000 after buying an additional 10,000 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Clean Energy Fuels by 77.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 10,292 shares of the utilities provider's stock worth $45,000 after buying an additional 4,498 shares during the period. 49.94% of the stock is currently owned by 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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