Clean Energy Fuels (NASDAQ:CLNE) Trading Down 9.2% – Time to Sell?

Clean Energy Fuels Corp. (NASDAQ:CLNE)’s stock price was down 9.2% during mid-day trading on Monday . The stock traded as low as $2.76 and last traded at $2.76. Approximately 2,192,629 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 3,156,603 shares. The stock had previously closed at $3.04.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Clean Energy Fuels has an average rating of “Buy” and an average target price of $5.38.

Clean Energy Fuels Stock Performance

The company has a market capitalization of $636.85 million, a PE ratio of -9.19 and a beta of 2.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The company has a 50 day moving average price of $2.80 and a 200 day moving average price of $2.84.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $100.64 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) EPS. Equities analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Hedge Funds Weigh In On Clean Energy Fuels

Large investors have recently added to or reduced their stakes in the company. Eastern Bank bought a new position in Clean Energy Fuels during the third quarter worth $31,000. DRW Securities LLC bought a new position in Clean Energy Fuels during the second quarter worth $38,000. Point72 DIFC Ltd bought a new position in Clean Energy Fuels during the third quarter worth $41,000. Zacks Investment Management bought a new position in Clean Energy Fuels during the third quarter worth $42,000. Finally, Algert Global LLC bought a new position in Clean Energy Fuels during the second quarter worth $45,000. 49.94% of the stock is currently owned by institutional investors.

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.