Clean Energy Fuels (NASDAQ:CLNE) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Clean Energy Fuels (NASDAQ:CLNE) from a hold rating to a sell rating in a research note released on Monday morning.

Clean Energy Fuels Trading Up 3.2 %

NASDAQ:CLNE opened at $3.26 on Monday. The company has a market capitalization of $728.48 million, a P/E ratio of -10.52 and a beta of 2.16. The stock’s 50 day moving average price is $2.81 and its 200 day moving average price is $2.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. Clean Energy Fuels has a 52 week low of $2.17 and a 52 week high of $3.37.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The company had revenue of $104.90 million during the quarter, compared to the consensus estimate of $100.64 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts forecast that Clean Energy Fuels will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Clean Energy Fuels by 252.1% during the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock valued at $828,000 after acquiring an additional 190,520 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Clean Energy Fuels by 309.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock worth $2,271,000 after purchasing an additional 551,896 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Clean Energy Fuels by 167.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 23,301 shares during the period. State Street Corp grew its holdings in Clean Energy Fuels by 0.5% in the 3rd quarter. State Street Corp now owns 5,923,358 shares of the utilities provider’s stock valued at $18,422,000 after buying an additional 31,602 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Clean Energy Fuels by 52.8% in the 3rd quarter. Jane Street Group LLC now owns 363,086 shares of the utilities provider’s stock worth $1,129,000 after buying an additional 125,404 shares during the period. Institutional investors own 49.94% of the company’s stock.

About Clean Energy Fuels

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.