Clean Energy Fuels Corp (NASDAQ:CLNE)’s share price rose 5.3% during mid-day trading on Thursday . The stock traded as high as $2.18 and last traded at $2.18. Approximately 893,410 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 958,489 shares. The stock had previously closed at $2.07.

CLNE has been the topic of several recent research reports. ValuEngine cut shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 7th. BidaskClub cut shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, Zacks Investment Research cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Tuesday.

The firm has a market cap of $329.37, a P/E ratio of -5.89 and a beta of 1.85. The company has a quick ratio of 3.05, a current ratio of 3.52 and a debt-to-equity ratio of 0.48.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.49). The business had revenue of $81.80 million during the quarter, compared to analyst estimates of $85.43 million. Clean Energy Fuels had a negative return on equity of 10.52% and a negative net margin of 15.47%. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. equities analysts forecast that Clean Energy Fuels Corp will post -0.44 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in CLNE. Dimensional Fund Advisors LP grew its stake in shares of Clean Energy Fuels by 27.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,281,074 shares of the utilities provider’s stock worth $15,954,000 after purchasing an additional 1,342,311 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Clean Energy Fuels by 8.2% in the 2nd quarter. Vanguard Group Inc. now owns 10,419,084 shares of the utilities provider’s stock worth $26,464,000 after purchasing an additional 792,870 shares during the last quarter. State Street Corp grew its stake in shares of Clean Energy Fuels by 32.3% in the 2nd quarter. State Street Corp now owns 2,163,793 shares of the utilities provider’s stock worth $5,499,000 after purchasing an additional 528,761 shares during the last quarter. Northern Trust Corp increased its position in shares of Clean Energy Fuels by 36.9% in the second quarter. Northern Trust Corp now owns 1,517,815 shares of the utilities provider’s stock worth $3,855,000 after acquiring an additional 409,351 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Clean Energy Fuels by 18.7% in the second quarter. TIAA CREF Investment Management LLC now owns 1,452,396 shares of the utilities provider’s stock worth $3,689,000 after acquiring an additional 228,553 shares in the last quarter. 35.47% of the stock is currently owned by institutional investors.

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Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.

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