Clean Energy Fuels Corp. (NASDAQ:CLNE) Stock Position Raised by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 16.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,901 shares of the utilities provider’s stock after acquiring an additional 3,408 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Clean Energy Fuels were worth $119,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CLNE. Tower Research Capital LLC TRC boosted its position in shares of Clean Energy Fuels by 77.6% in the first quarter. Tower Research Capital LLC TRC now owns 10,292 shares of the utilities provider’s stock worth $45,000 after buying an additional 4,498 shares during the period. Arbor Capital Management Inc. ADV acquired a new stake in shares of Clean Energy Fuels in the first quarter worth $45,000. Delphia USA Inc. acquired a new stake in shares of Clean Energy Fuels in the first quarter worth $48,000. Corton Capital Inc. acquired a new stake in shares of Clean Energy Fuels in the first quarter worth $59,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Clean Energy Fuels during the first quarter valued at $61,000. 49.40% of the stock is owned by institutional investors.

Clean Energy Fuels Trading Up 1.4 %

Clean Energy Fuels stock opened at $3.69 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.76 and a current ratio of 3.06. The business’s 50-day simple moving average is $3.94 and its 200-day simple moving average is $4.29. The firm has a market capitalization of $822.76 million, a PE ratio of -10.85 and a beta of 2.22. Clean Energy Fuels Corp. has a 52 week low of $3.33 and a 52 week high of $7.73.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Wednesday, August 9th. The utilities provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Clean Energy Fuels had a negative return on equity of 10.66% and a negative net margin of 16.51%. The business had revenue of $90.50 million during the quarter, compared to the consensus estimate of $109.75 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Clean Energy Fuels from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Northland Securities assumed coverage on Clean Energy Fuels in a research report on Tuesday, September 5th. They set an “outperform” rating and a $7.50 price objective for the company. Piper Sandler lifted their price objective on Clean Energy Fuels from $7.00 to $8.00 in a research report on Tuesday, August 1st. TheStreet cut Clean Energy Fuels from a “c-” rating to a “d” rating in a research report on Wednesday, August 9th. Finally, StockNews.com initiated coverage on Clean Energy Fuels in a research report on Thursday, October 5th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Clean Energy Fuels presently has a consensus rating of “Moderate Buy” and an average price target of $9.71.

Clean Energy Fuels Profile

Clean Energy Fuels Corp. provides natural gas as an alternative fuel 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.