Clean Energy Fuels (NASDAQ:CLNE) Stock Rating Upgraded by Jefferies Financial Group

Clean Energy Fuels (NASDAQ:CLNE) was upgraded by equities researchers at Jefferies Financial Group to a “hold” rating in a research report issued on Tuesday, Zacks reports.

CLNE has been the topic of a number of other reports. Raymond James Financial reissued a “strong-buy” rating and set a $2.50 target price on shares of Clean Energy Fuels in a report on Tuesday, August 18th. Weiss Ratings raised shares of Clean Energy Fuels from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 22nd. Finally, UBS Group downgraded Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.75 price objective for the company. in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.38.

Clean Energy Fuels Price Performance

Clean Energy Fuels stock opened at $1.57 on Tuesday. The stock has a 50-day moving average price of $1.72 and a two-hundred day moving average price of $2.00. Clean Energy Fuels has a 12 month low of $1.54 and a 12 month high of $3.11. The company has a market capitalization of $345.75 million, a PE ratio of -3.57 and a beta of 1.82. The company has a current ratio of 2.48, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $106.36 million for the quarter, compared to analysts’ expectations of $111.27 million. Clean Energy Fuels had a negative return on equity of 16.52% and a negative net margin of 21.27%.Clean Energy Fuels’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Clean Energy Fuels will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Clean Energy Fuels by 9.1% in the 2nd quarter. State Street Corp now owns 6,374,675 shares of the utilities provider’s stock worth $13,068,000 after purchasing an additional 533,331 shares during the period. WINTON GROUP Ltd increased its position in shares of Clean Energy Fuels by 221.7% during the second quarter. WINTON GROUP Ltd now owns 54,048 shares of the utilities provider’s stock worth $111,000 after buying an additional 37,248 shares during the period. Squarepoint Ops LLC increased its position in shares of Clean Energy Fuels by 261.1% during the second quarter. Squarepoint Ops LLC now owns 157,474 shares of the utilities provider’s stock worth $323,000 after buying an additional 113,867 shares during the period. Amundi raised its stake in Clean Energy Fuels by 17.7% during the second quarter. Amundi now owns 112,674 shares of the utilities provider’s stock worth $231,000 after buying an additional 16,951 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in Clean Energy Fuels in the second quarter valued at $25,000. Institutional investors own 49.94% of the company’s stock.

About Clean Energy Fuels

Clean Energy Fuels Corp. (NASDAQ: CLNE) provides fuel and infrastructure solutions for heavy-duty transportation fleets in the United States and Canada. The company develops, owns and operates natural gas fueling stations and supplies compressed natural gas (CNG) and liquefied natural gas (LNG) for vehicles that travel substantial distances and require centralized fueling.

Clean Energy serves a range of commercial and public-sector customers, including refuse and recycling companies, transit agencies, trucking fleets, airports, utilities and other fleet operators.