Clean Energy Fuels (NASDAQ:CLNE) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Clean Energy Fuels (NASDAQ:CLNE) from a sell rating to a hold rating in a research note published on Thursday, ValuEngine reports.

Other analysts have also recently issued reports about the stock. BidaskClub raised shares of Xilinx from a hold rating to a buy rating in a report on Saturday, June 29th. Zacks Investment Research raised shares of First Industrial Realty Trust from a hold rating to a buy rating and set a $39.00 target price for the company in a report on Wednesday, June 5th.

CLNE opened at $2.75 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.16 and a quick ratio of 2.68. The firm’s 50 day moving average is $2.62. Clean Energy Fuels has a twelve month low of $1.61 and a twelve month high of $3.47.

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

Hedge funds have recently made changes to their positions in the business. Brandywine Global Investment Management LLC increased its holdings in Clean Energy Fuels by 6.1% during the fourth quarter. Brandywine Global Investment Management LLC now owns 109,040 shares of the utilities provider’s stock valued at $188,000 after buying an additional 6,280 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Clean Energy Fuels by 658.3% in the first quarter. Moors & Cabot Inc. now owns 150,900 shares of the utilities provider’s stock worth $462,000 after purchasing an additional 131,000 shares in the last quarter. HRT Financial LLC purchased a new stake in shares of Clean Energy Fuels in the fourth quarter worth $53,000. EAM Global Investors LLC purchased a new stake in shares of Clean Energy Fuels in the first quarter worth $1,406,000. Finally, Menta Capital LLC increased its stake in shares of Clean Energy Fuels by 32.3% in the fourth quarter. Menta Capital LLC now owns 48,601 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 11,860 shares in the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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