BidaskClub downgraded shares of Clean Energy Fuels (NASDAQ:CLNE) from a hold rating to a sell rating in a report released on Friday morning, BidAskClub reports.

CLNE has been the subject of a number of other reports. ValuEngine raised shares of Clean Energy Fuels from a hold rating to a buy rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of Clean Energy Fuels from a hold rating to a sell rating in a research note on Wednesday, February 27th.

Shares of NASDAQ:CLNE opened at $3.20 on Friday. Clean Energy Fuels has a 52 week low of $1.61 and a 52 week high of $4.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.81 and a quick ratio of 2.38.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Tuesday, March 12th. The utilities provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Clean Energy Fuels had a negative net margin of 1.09% and a negative return on equity of 2.11%. The business had revenue of $96.23 million during the quarter, compared to analysts’ expectations of $85.30 million. Equities research analysts predict that Clean Energy Fuels will post -0.09 EPS for the current fiscal year.

Several large investors have recently modified their holdings of CLNE. Dimensional Fund Advisors LP boosted its stake in shares of Clean Energy Fuels by 12.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,464,354 shares of the utilities provider’s stock worth $27,207,000 after purchasing an additional 1,121,054 shares during the period. BlackRock Inc. boosted its stake in shares of Clean Energy Fuels by 5.8% during the 4th quarter. BlackRock Inc. now owns 9,555,869 shares of the utilities provider’s stock worth $16,436,000 after purchasing an additional 528,045 shares during the period. Millennium Management LLC purchased a new position in shares of Clean Energy Fuels during the 4th quarter worth about $794,000. Moors & Cabot Inc. boosted its stake in shares of Clean Energy Fuels by 1,416.6% during the 1st quarter. Moors & Cabot Inc. now owns 301,800 shares of the utilities provider’s stock worth $924,000 after purchasing an additional 281,900 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Clean Energy Fuels by 611.0% during the 3rd quarter. AQR Capital Management LLC now owns 318,826 shares of the utilities provider’s stock worth $829,000 after purchasing an additional 273,984 shares during the period. 27.74% 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.

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