Clean Energy Fuels (CLNE) Downgraded by BidaskClub

BidaskClub downgraded shares of Clean Energy Fuels (NASDAQ:CLNE) from a hold rating to a sell rating in a research note issued to investors on Tuesday, BidAskClub reports.

CLNE has been the topic of several other research reports. Zacks Investment Research lowered Clean Energy Fuels from a hold rating to a sell rating in a report on Monday, January 21st. ValuEngine raised Clean Energy Fuels from a hold rating to a buy rating in a report on Monday, February 4th.

Clean Energy Fuels stock opened at $2.76 on Tuesday. The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $564.85 million, a price-to-earnings ratio of -46.00 and a beta of 2.09. Clean Energy Fuels has a fifty-two week low of $1.61 and a fifty-two week high of $4.05.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Thursday, May 9th. The utilities provider reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The company had revenue of $77.70 million for the quarter. Clean Energy Fuels had a negative return on equity of 5.43% and a negative net margin of 8.38%. Equities analysts predict that Clean Energy Fuels will post -0.12 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in 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 worth $18,398,000 after buying an additional 232,198 shares during the period. BlackRock Inc. increased its stake in Clean Energy Fuels by 5.8% during the fourth quarter. BlackRock Inc. now owns 9,555,869 shares of the utilities provider’s stock worth $16,436,000 after acquiring an additional 528,045 shares during the last quarter. Renaissance Technologies LLC increased its stake in Clean Energy Fuels by 3.1% during the first quarter. Renaissance Technologies LLC now owns 8,360,932 shares of the utilities provider’s stock worth $25,835,000 after acquiring an additional 254,600 shares during the last quarter. Vanguard Group Inc increased its stake in Clean Energy Fuels by 2.5% during the third quarter. Vanguard Group Inc now owns 6,368,539 shares of the utilities provider’s stock worth $16,558,000 after acquiring an additional 153,708 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Clean Energy Fuels by 2.5% during the third quarter. Vanguard Group Inc. now owns 6,368,539 shares of the utilities provider’s stock worth $16,558,000 after acquiring an additional 153,708 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.

See Also: How to Invest in a Bull Market

Receive News & Ratings for Clean Energy Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Energy Fuels and related companies with MarketBeat.com's FREE daily email newsletter.