Clean Energy Fuels (NASDAQ:CLNE) Lifted to Hold at BidaskClub

Clean Energy Fuels (NASDAQ:CLNE) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday, June 29th, BidAskClub reports.

Several other research firms have also recently issued reports on CLNE. ValuEngine raised YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, June 5th.

CLNE traded up $0.04 during trading on Friday, reaching $2.74. 460,450 shares of the company were exchanged, compared to its average volume of 661,054. The firm has a market capitalization of $560.75 million, a PE ratio of -45.67 and a beta of 1.93. The business’s 50 day moving average price is $2.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.68 and a current ratio of 3.16. Clean Energy Fuels has a 52 week low of $1.61 and a 52 week high of $3.47.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Thursday, May 9th. The utilities provider reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. Clean Energy Fuels had a negative return on equity of 5.43% and a negative net margin of 8.38%. The firm had revenue of $77.70 million during the quarter. On average, analysts forecast that Clean Energy Fuels will post -0.12 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in CLNE. BlackRock Inc. lifted its holdings in shares of Clean Energy Fuels by 5.8% in the fourth quarter. BlackRock Inc. now owns 9,555,869 shares of the utilities provider’s stock valued at $16,436,000 after buying an additional 528,045 shares during the period. Millennium Management LLC purchased a new stake in shares of Clean Energy Fuels during the fourth quarter valued at $794,000. EAM Global Investors LLC purchased a new stake in shares of Clean Energy Fuels during the first quarter valued at $1,406,000. Moors & Cabot Inc. lifted its holdings in shares of Clean Energy Fuels by 1,416.6% during the first quarter. Moors & Cabot Inc. now owns 301,800 shares of the utilities provider’s stock valued at $924,000 after purchasing an additional 281,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Clean Energy Fuels by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,696,552 shares of the utilities provider’s stock valued at $18,398,000 after purchasing an additional 232,198 shares during the last quarter. Institutional investors and hedge funds own 28.44% of the company’s stock.

About Clean Energy Fuels

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.

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