Shares of Clean Energy Fuels Corp (NASDAQ:CLNE) rose 6.9% on Tuesday . The stock traded as high as $3.47 and last traded at $3.43. Approximately 1,846,840 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 911,813 shares. The stock had previously closed at $3.21.

CLNE has been the subject of several analyst reports. Zacks Investment Research cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. BidaskClub cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, ValuEngine raised shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.38 and a current ratio of 2.81. The firm has a market capitalization of $656.93 million, a P/E ratio of -57.17 and a beta of 2.12.

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 the consensus estimate 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 firm had revenue of $96.23 million for the quarter, compared to analyst estimates of $85.30 million. As a group, research analysts forecast that Clean Energy Fuels Corp will post -0.09 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of Clean Energy Fuels by 58.4% in the 3rd quarter. Renaissance Technologies LLC now owns 6,810,632 shares of the utilities provider’s stock valued at $17,708,000 after purchasing an additional 2,512,199 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Clean Energy Fuels by 12.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,464,354 shares of the utilities provider’s stock valued at $27,207,000 after buying an additional 1,121,054 shares during the last quarter. BlackRock Inc. grew its position in shares of Clean Energy Fuels by 5.8% in the 4th quarter. BlackRock Inc. now owns 9,555,869 shares of the utilities provider’s stock valued at $16,436,000 after buying an additional 528,045 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Clean Energy Fuels in the 4th quarter valued at $794,000. Finally, AQR Capital Management LLC grew its position in shares of Clean Energy Fuels by 611.0% in the 3rd quarter. AQR Capital Management LLC now owns 318,826 shares of the utilities provider’s stock valued at $829,000 after buying an additional 273,984 shares during the last quarter. Hedge funds and other institutional investors own 27.75% of the company’s stock.

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Clean Energy Fuels Company Profile (NASDAQ:CLNE)

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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