Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Average Rating of “Hold” by Analysts

Clean Energy Fuels Corp. (NASDAQ:CLNE) has received an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $3.4875.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Wednesday, January 21st.

Hedge Funds Weigh In On Clean Energy Fuels

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of Clean Energy Fuels by 458.4% during the first quarter. AQR Capital Management LLC now owns 407,394 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 334,437 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Clean Energy Fuels in the 1st quarter worth approximately $579,000. Jane Street Group LLC increased its position in Clean Energy Fuels by 13.5% during the 1st quarter. Jane Street Group LLC now owns 365,564 shares of the utilities provider’s stock valued at $567,000 after buying an additional 43,384 shares in the last quarter. Versor Investments LP purchased a new position in Clean Energy Fuels during the second quarter valued at $104,000. Finally, Moors & Cabot Inc. raised its stake in Clean Energy Fuels by 6.4% during the second quarter. Moors & Cabot Inc. now owns 426,795 shares of the utilities provider’s stock valued at $832,000 after buying an additional 25,500 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

CLNE opened at $2.26 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 2.39 and a debt-to-equity ratio of 0.41. The company has a market cap of $495.91 million, a price-to-earnings ratio of -2.26 and a beta of 2.20. The stock has a fifty day simple moving average of $2.32 and a two-hundred day simple moving average of $2.44. Clean Energy Fuels has a 12-month low of $1.30 and a 12-month high of $3.11.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.