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

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

A number of other analysts have also issued reports on CLNE. Northland Securities initiated coverage on shares of Clean Energy Fuels in a research report on Tuesday, September 5th. They set an “outperform” rating and a $7.50 target price on the stock. TheStreet downgraded shares of Clean Energy Fuels from a “c-” rating to a “d” rating in a research note on Wednesday, August 9th. Raymond James raised shares of Clean Energy Fuels from an “outperform” rating to a “strong-buy” rating and set a $6.00 price target on the stock in a research note on Tuesday, October 3rd. Piper Sandler boosted their target price on shares of Clean Energy Fuels from $7.00 to $8.00 in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus boosted their target price on shares of Clean Energy Fuels from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.71.

Clean Energy Fuels Stock Performance

NASDAQ CLNE opened at $3.37 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.06 and a quick ratio of 2.76. Clean Energy Fuels has a 1 year low of $3.06 and a 1 year high of $7.73. The company has a market capitalization of $751.41 million, a PE ratio of -8.02 and a beta of 2.22. The company has a fifty day moving average of $3.89 and a two-hundred day moving average of $4.27.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Wednesday, August 9th. The utilities provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $90.50 million for the quarter, compared to analyst estimates of $109.75 million. Clean Energy Fuels had a negative return on equity of 13.09% and a negative net margin of 21.56%. Clean Energy Fuels’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) EPS. As a group, analysts expect that Clean Energy Fuels will post -0.39 earnings per share for the current year.

Institutional Trading of Clean Energy Fuels

Several large investors have recently modified their holdings of the company. Spire Wealth Management raised its stake in shares of Clean Energy Fuels by 200.4% in the 2nd quarter. Spire Wealth Management now owns 5,444 shares of the utilities provider’s stock valued at $27,000 after buying an additional 3,632 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Clean Energy Fuels during the 3rd quarter worth about $38,000. Xponance Inc. acquired a new stake in shares of Clean Energy Fuels during the 3rd quarter worth about $39,000. Tower Research Capital LLC TRC increased its position in shares of Clean Energy Fuels by 77.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 10,292 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 4,498 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV bought a new stake in Clean Energy Fuels during the 1st quarter worth about $45,000. 49.40% of the stock is owned by institutional investors.

Clean Energy Fuels Company 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.