Clean Energy Fuels Corp. (NASDAQ:CLNE) has been assigned an average rating of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.05.

A number of analysts have issued reports on CLNE shares. BidaskClub raised Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. ValuEngine downgraded Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded Clean Energy Fuels Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th.

In other news, CEO Andrew J. Littlefair bought 22,500 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was acquired at an average cost of $2.24 per share, with a total value of $50,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,167 shares of the company’s stock, valued at approximately $2,939,254.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen Scully bought 20,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $2.49 per share, with a total value of $49,800.00. The disclosure for this purchase can be found here. Insiders acquired 52,500 shares of company stock valued at $122,800 over the last three months. Company insiders own 26.69% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Everett Harris & Co. CA increased its stake in Clean Energy Fuels Corp. by 292.7% in the first quarter. Everett Harris & Co. CA now owns 40,250 shares of the utilities provider’s stock worth $103,000 after buying an additional 30,000 shares in the last quarter. Brave Asset Management Inc. increased its stake in Clean Energy Fuels Corp. by 19.2% in the second quarter. Brave Asset Management Inc. now owns 43,500 shares of the utilities provider’s stock worth $110,000 after buying an additional 7,000 shares in the last quarter. KBC Group NV purchased a new stake in Clean Energy Fuels Corp. during the first quarter worth about $126,000. American International Group Inc. increased its stake in Clean Energy Fuels Corp. by 7.7% in the first quarter. American International Group Inc. now owns 54,273 shares of the utilities provider’s stock worth $138,000 after buying an additional 3,864 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Clean Energy Fuels Corp. by 12.4% in the first quarter. Bank of America Corp DE now owns 57,958 shares of the utilities provider’s stock worth $148,000 after buying an additional 6,407 shares in the last quarter. 33.55% of the stock is owned by institutional investors and hedge funds.

Shares of Clean Energy Fuels Corp. (NASDAQ CLNE) opened at 2.41 on Monday. Clean Energy Fuels Corp. has a 1-year low of $2.18 and a 1-year high of $4.80. The company has a market capitalization of $362.70 million, a P/E ratio of 6.95 and a beta of 1.87. The company has a 50-day moving average price of $2.66 and a 200 day moving average price of $2.56.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The company had revenue of $81 million during the quarter, compared to the consensus estimate of $86.97 million. Clean Energy Fuels Corp. had a return on equity of 5.26% and a net margin of 7.24%. Clean Energy Fuels Corp.’s revenue was down 25.0% on a year-over-year basis. During the same period last year, the business posted $0.03 earnings per share.

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About Clean Energy Fuels Corp.

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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