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

Clean Energy Fuels (NASDAQ:CLNE) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued on Wednesday.

Separately, Piper Sandler decreased their price objective on Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Energy Fuels has an average rating of “Moderate Buy” and a consensus price target of $5.60.

Clean Energy Fuels Stock Up 15.2 %

CLNE stock opened at $3.25 on Wednesday. The company has a current ratio of 3.14, a quick ratio of 2.80 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $725.60 million, a PE ratio of -9.29 and a beta of 2.15. Clean Energy Fuels has a 1-year low of $2.17 and a 1-year high of $4.93. The business’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $2.66.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Clean Energy Fuels had a negative return on equity of 11.09% and a negative net margin of 19.98%. The firm had revenue of $97.95 million for the quarter, compared to analyst estimates of $106.45 million. During the same period in the prior year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that Clean Energy Fuels will post -0.4 EPS for the current year.

Institutional Trading of Clean Energy Fuels

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC bought a new stake in shares of Clean Energy Fuels during the 1st quarter valued at $33,000. Grassi Investment Management bought a new stake in shares of Clean Energy Fuels during the 1st quarter valued at $36,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Clean Energy Fuels during the 1st quarter valued at $52,000. Alterna Wealth Management Inc. lifted its position in shares of 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 acquiring an additional 10,000 shares during the period. Finally, RPO LLC bought a new stake in shares of Clean Energy Fuels during the 4th quarter valued at $84,000. 49.94% of the stock is currently owned by institutional investors.

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.