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. “
Several other research analysts have also recently commented on the stock. BidaskClub cut shares of Clean Energy Fuels from a hold rating to a sell rating in a report on Monday, November 25th. ValuEngine cut shares of Clean Energy Fuels from a hold rating to a sell rating in a report on Tuesday, December 17th.
NASDAQ CLNE opened at $2.56 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.52 and a debt-to-equity ratio of 0.10. Clean Energy Fuels has a 52 week low of $1.71 and a 52 week high of $3.47. The firm has a 50 day moving average of $2.08 and a two-hundred day moving average of $2.25.
Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Tuesday, November 12th. The utilities provider reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Clean Energy Fuels had a negative net margin of 4.30% and a negative return on equity of 3.32%. The company had revenue of $74.43 million during the quarter. As a group, analysts predict that Clean Energy Fuels will post -0.12 EPS for the current year.
Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Clean Energy Fuels by 7.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 235,974 shares of the utilities provider’s stock valued at $609,000 after buying an additional 16,106 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Clean Energy Fuels by 20.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 53,396 shares of the utilities provider’s stock valued at $110,000 after buying an additional 9,200 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in shares of Clean Energy Fuels by 13.1% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 48,770 shares of the utilities provider’s stock valued at $101,000 after buying an additional 5,633 shares in the last quarter. Evoke Wealth LLC acquired a new position in shares of Clean Energy Fuels in the 3rd quarter valued at $386,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Clean Energy Fuels in the 2nd quarter valued at $229,000. Institutional investors and hedge funds own 28.79% 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 offers operation and maintenance services for public and private vehicle fleet customer stations.
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