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

StockNews.com upgraded shares of Clean Energy Fuels (NASDAQ:CLNE) to a sell rating in a report released on Monday.

A number of other equities analysts have also recently weighed in on the company. Raymond James decreased their price objective on Clean Energy Fuels from $6.00 to $5.00 and set a strong-buy rating on the stock in a report on Wednesday, April 3rd. Scotiabank reduced their price target on Clean Energy Fuels from $6.00 to $5.00 and set a sector outperform rating on the stock in a research report on Thursday, April 11th. Piper Sandler reduced their price target on Clean Energy Fuels from $7.00 to $4.00 and set an overweight rating on the stock in a research report on Thursday, April 18th. Finally, Stifel Nicolaus reduced their price target on Clean Energy Fuels from $8.00 to $6.50 and set a buy rating on the stock in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $5.60.

Clean Energy Fuels Stock Performance

Shares of NASDAQ CLNE opened at $2.66 on Monday. The stock has a market cap of $593.87 million, a price-to-earnings ratio of -7.60 and a beta of 2.08. The company has a current ratio of 3.14, a quick ratio of 2.80 and a debt-to-equity ratio of 0.36. Clean Energy Fuels has a 1-year low of $2.17 and a 1-year high of $5.25. The stock’s 50-day moving average is $2.47 and its 200 day moving average is $3.06.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The company had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $106.50 million. Clean Energy Fuels had a negative return on equity of 11.09% and a negative net margin of 19.98%. On average, sell-side analysts anticipate that Clean Energy Fuels will post -0.44 EPS for the current fiscal year.

Institutional Trading of Clean Energy Fuels

Several institutional investors have recently made changes to their positions in CLNE. Grassi Investment Management purchased a new stake in shares of Clean Energy Fuels during the first quarter worth about $36,000. Prio Wealth Limited Partnership purchased a new position in Clean Energy Fuels during the 4th quarter valued at approximately $38,000. Sunbelt Securities Inc. grew its holdings 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 valued at $42,000 after buying an additional 10,000 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in Clean Energy Fuels during the 1st quarter valued at approximately $52,000. Finally, Alterna Wealth Management Inc. grew its holdings in Clean Energy Fuels by 100.0% during the 4th quarter. Alterna Wealth Management Inc. now owns 20,000 shares of the utilities provider’s stock valued at $77,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other 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.