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

Clean Energy Fuels (NASDAQ:CLNE) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Clean Energy Fuels Price Performance

Clean Energy Fuels stock opened at $3.10 on Tuesday. The business has a 50 day simple moving average of $2.85 and a 200 day simple moving average of $2.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The company has a market capitalization of $692.72 million, a PE ratio of -10.00 and a beta of 2.16. Clean Energy Fuels has a one year low of $2.17 and a one year high of $3.47.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $100.64 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned ($0.12) earnings per share. On average, sell-side analysts forecast that Clean Energy Fuels will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Clean Energy Fuels by 309.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock valued at $2,271,000 after purchasing an additional 551,896 shares in the last quarter. Barclays PLC increased its stake in shares of Clean Energy Fuels by 252.1% in the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock valued at $828,000 after buying an additional 190,520 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Clean Energy Fuels in the third quarter valued at about $411,000. HITE Hedge Asset Management LLC lifted its position in Clean Energy Fuels by 26.8% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 603,533 shares of the utilities provider’s stock worth $1,877,000 after buying an additional 127,712 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Clean Energy Fuels by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider’s stock worth $13,075,000 after acquiring an additional 126,760 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

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.