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

StockNews.com upgraded shares of Clean Energy Fuels (NASDAQ:CLNE) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Clean Energy Fuels Stock Up 11.3 %

CLNE stock opened at $3.45 on Tuesday. Clean Energy Fuels has a 52 week low of $2.17 and a 52 week high of $3.49. 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 quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The company has a market cap of $770.94 million, a PE ratio of -11.13 and a beta of 2.18.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate 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 net margin of 17.32% and a negative return on equity of 7.59%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) EPS. Sell-side analysts anticipate that Clean Energy Fuels will post -0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Clean Energy Fuels

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eastern Bank acquired a new position in shares of Clean Energy Fuels during the 3rd quarter worth $31,000. Point72 DIFC Ltd acquired a new stake in shares of Clean Energy Fuels in the 3rd quarter valued at approximately $41,000. Zacks Investment Management acquired a new stake in shares of Clean Energy Fuels in the 3rd quarter valued at approximately $42,000. Algert Global LLC bought a new stake in shares of Clean Energy Fuels during the 2nd quarter valued at approximately $45,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in Clean Energy Fuels by 235.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 12,929 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors.

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.