Weekly Investment Analysts’ Ratings Changes for Clean Energy Fuels (CLNE)

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Clean Energy Fuels (NASDAQ: CLNE) recently received a number of ratings updates from brokerages and research firms:

  • 7/30/2019 – Clean Energy Fuels was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2019 – Clean Energy Fuels was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CLEAN ENERGY FUELS, based in Seal Beach, Calif., is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets,across the United States and Canada. “
  • 7/23/2019 – Clean Energy Fuels was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.00 price target on the stock. According to Zacks, “CLEAN ENERGY FUELS, based in Seal Beach, Calif., is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets,across the United States and Canada. “
  • 7/17/2019 – Clean Energy Fuels was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CLEAN ENERGY FUELS, based in Seal Beach, Calif., is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets,across the United States and Canada. “
  • 7/17/2019 – Clean Energy Fuels was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/16/2019 – Clean Energy Fuels was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.00 price target on the stock. According to Zacks, “CLEAN ENERGY FUELS, based in Seal Beach, Calif., is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets,across the United States and Canada. “
  • 7/11/2019 – Clean Energy Fuels was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/2/2019 – Clean Energy Fuels was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 6/29/2019 – Clean Energy Fuels was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/24/2019 – Clean Energy Fuels was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of CLNE opened at $2.51 on Tuesday. Clean Energy Fuels Corp has a 12 month low of $1.61 and a 12 month high of $3.47. The firm’s fifty day simple moving average is $2.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.68 and a current ratio of 3.16. The stock has a market cap of $542.33 million, a price-to-earnings ratio of -41.83 and a beta of 1.90.

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, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $77.70 million during the quarter. Clean Energy Fuels had a negative return on equity of 5.43% and a negative net margin of 8.38%. Research analysts forecast that Clean Energy Fuels Corp will post -0.12 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Moors & Cabot Inc. raised its stake in Clean Energy Fuels by 658.3% in the 1st quarter. Moors & Cabot Inc. now owns 150,900 shares of the utilities provider’s stock worth $462,000 after acquiring an additional 131,000 shares during the last quarter. EAM Global Investors LLC purchased a new position in Clean Energy Fuels in the 1st quarter worth $1,406,000. Great West Life Assurance Co. Can purchased a new position in Clean Energy Fuels in the 4th quarter worth $42,000. Metropolitan Life Insurance Co. NY raised its stake in Clean Energy Fuels by 352.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 48,681 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 37,929 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Clean Energy Fuels by 28.7% in the 4th quarter. Bank of New York Mellon Corp now owns 654,752 shares of the utilities provider’s stock worth $1,126,000 after acquiring an additional 145,970 shares during the last quarter. Institutional investors own 28.61% of the company’s stock.

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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