Clean Energy Fuels (NASDAQ:CLNE) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of Clean Energy Fuels (NASDAQ:CLNE) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Separately, Raymond James reaffirmed a “strong-buy” rating and set a $4.00 price objective (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday.

Clean Energy Fuels Trading Up 1.0 %

Shares of NASDAQ:CLNE opened at $2.04 on Wednesday. The stock has a market capitalization of $456.15 million, a price-to-earnings ratio of -6.58 and a beta of 2.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The stock’s 50-day simple moving average is $2.90 and its two-hundred day simple moving average is $2.92. Clean Energy Fuels has a 52-week low of $1.81 and a 52-week high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $109.33 million for the quarter, compared to analysts’ expectations of $102.60 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. During the same period last year, the firm posted $0.01 earnings per share. Analysts expect that Clean Energy Fuels will post -0.33 EPS for the current year.

Insider Activity

In related news, CFO Robert M. Vreeland acquired 15,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $1.94 per share, with a total value of $29,100.00. Following the transaction, the chief financial officer now directly owns 458,800 shares in the company, valued at approximately $890,072. This represents a 3.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

Institutional Trading of Clean Energy Fuels

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Clean Energy Fuels by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider’s stock valued at $23,840,000 after purchasing an additional 124,031 shares during the period. Global Alpha Capital Management Ltd. raised its stake in Clean Energy Fuels by 3.4% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider’s stock valued at $18,555,000 after purchasing an additional 246,500 shares during the period. State Street Corp raised its stake in Clean Energy Fuels by 0.5% during the 3rd quarter. State Street Corp now owns 5,923,358 shares of the utilities provider’s stock valued at $18,422,000 after purchasing an additional 31,602 shares during the period. Geode Capital Management LLC raised its stake in Clean Energy Fuels by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider’s stock valued at $13,075,000 after purchasing an additional 126,760 shares during the period. Finally, Yaupon Capital Management LP raised its stake in Clean Energy Fuels by 4.9% during the 3rd quarter. Yaupon Capital Management LP now owns 2,573,358 shares of the utilities provider’s stock valued at $8,003,000 after purchasing an additional 120,987 shares during the period. Institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Company Profile

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.