Clean Energy Fuels (NASDAQ:CLNE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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. “

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Clean Energy Fuels from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 18th. ValuEngine upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd.

CLNE stock opened at $2.35 on Wednesday. The company has a market cap of $457.81 million, a P/E ratio of -4.43 and a beta of 1.74. Clean Energy Fuels has a 1 year low of $1.31 and a 1 year high of $4.05. The company has a quick ratio of 1.89, a current ratio of 2.09 and a debt-to-equity ratio of 0.24.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Wednesday, November 7th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The business had revenue of $77.32 million during the quarter, compared to analysts’ expectations of $85.50 million. Clean Energy Fuels had a negative net margin of 11.49% and a negative return on equity of 7.40%. As a group, research analysts expect that Clean Energy Fuels will post -0.11 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Highland Capital Management LP acquired a new position in Clean Energy Fuels in the 3rd quarter valued at approximately $130,000. GSA Capital Partners LLP acquired a new position in Clean Energy Fuels in the 2nd quarter valued at approximately $166,000. Metropolitan Life Insurance Co. NY acquired a new position in Clean Energy Fuels in the 2nd quarter valued at approximately $180,000. Manatuck Hill Partners LLC acquired a new position in Clean Energy Fuels in the 2nd quarter valued at approximately $185,000. Finally, Everett Harris & Co. CA increased its position in Clean Energy Fuels by 200.0% in the 3rd quarter. Everett Harris & Co. CA now owns 75,000 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 50,000 shares during the period. Hedge funds and other institutional investors own 25.20% of the company’s stock.

Clean Energy Fuels Company Profile

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 provides operation and maintenance services for vehicle fleet customer stations.

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