Clean Energy Fuels’ (CLNE) Strong-Buy Rating Reiterated at Raymond James

Raymond James restated their strong-buy rating on shares of Clean Energy Fuels (NASDAQ:CLNE) in a report issued on Tuesday morning,Benzinga reports. Raymond James currently has a $4.00 target price on the utilities provider’s stock, down from their previous target price of $5.00.

Separately, StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th.

Clean Energy Fuels Stock Performance

NASDAQ CLNE opened at $2.02 on Tuesday. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. Clean Energy Fuels has a 52-week low of $1.81 and a 52-week high of $3.67. The business’s 50-day moving average price is $2.93 and its 200 day moving average price is $2.94. The firm has a market cap of $451.38 million, a P/E ratio of -6.52 and a beta of 2.18.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same quarter last year, the firm earned $0.01 earnings per share. On average, equities research analysts expect that Clean Energy Fuels will post -0.33 earnings per share for the current year.

Institutional Investors Weigh In On Clean Energy Fuels

Hedge funds and other institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. acquired a new stake in shares of Clean Energy Fuels during the 4th quarter valued at approximately $31,000. Two Sigma Securities LLC acquired a new stake in shares of Clean Energy Fuels during the 4th quarter valued at approximately $31,000. Point72 DIFC Ltd acquired a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at approximately $41,000. Tower Research Capital LLC TRC lifted its position in shares of Clean Energy Fuels by 56.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 4,894 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at approximately $42,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Company Profile

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.