Clean Energy Fuels (NASDAQ:CLNE) Trading 4.1% Higher

Clean Energy Fuels Corp. (NASDAQ:CLNE) traded up 4.1% during mid-day trading on Monday . The stock traded as high as $3.14 and last traded at $3.08. 93,690 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,630,286 shares. The stock had previously closed at $2.96.

Analyst Ratings Changes

CLNE has been the topic of a number of recent research reports. StockNews.com upgraded Clean Energy Fuels to a “sell” rating in a research note on Wednesday, August 14th. Scotiabank upped their price target on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.38.

Clean Energy Fuels Stock Up 2.3 %

The company has a market capitalization of $709.98 million, a price-to-earnings ratio of -8.77 and a beta of 2.12. The company has a quick ratio of 2.82, a current ratio of 3.17 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $2.85 and a two-hundred day moving average price of $2.67.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Clean Energy Fuels had a negative return on equity of 8.75% and a negative net margin of 19.61%. The firm had revenue of $97.95 million during the quarter, compared to analyst estimates of $106.45 million. During the same quarter last year, the firm earned ($0.07) EPS. Clean Energy Fuels’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that Clean Energy Fuels Corp. will post -0.34 earnings per share for the current year.

Institutional Trading of Clean Energy Fuels

Institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new position in Clean Energy Fuels during the 1st quarter worth $33,000. Grassi Investment Management bought a new stake in Clean Energy Fuels in the first quarter valued at about $36,000. DRW Securities LLC acquired a new stake in Clean Energy Fuels during the second quarter valued at approximately $38,000. Algert Global LLC bought a new position in Clean Energy Fuels during the 2nd quarter worth approximately $45,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in Clean Energy Fuels during the 1st quarter worth approximately $52,000. 49.94% of the stock is owned by institutional investors and hedge funds.

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.