Clean Energy Fuels (CLNE) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Clean Energy Fuels (NASDAQ:CLNE) from a hold rating to a sell rating in a report published on Wednesday.

According to Zacks, “CLEAN ENERGY FUELS, based in Seal Beach, Calif., is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, intrastate and interstate trucking, airport and municipal fleet markets,across the United States and Canada. “

Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of Clean Energy Fuels from a sell rating to a hold rating in a research note on Friday, February 22nd. Raymond James reaffirmed a sell rating on shares of Clean Energy Fuels in a research note on Wednesday, December 26th. Finally, ValuEngine raised shares of Clean Energy Fuels from a sell rating to a hold rating in a research note on Wednesday, January 2nd.

Clean Energy Fuels stock opened at $2.22 on Wednesday. Clean Energy Fuels has a 12-month low of $1.31 and a 12-month high of $4.05. The company has a current ratio of 2.09, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLNE. Prudential Financial Inc. bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth about $27,000. Two Sigma Securities LLC increased its position in shares of Clean Energy Fuels by 34.7% in the 4th quarter. Two Sigma Securities LLC now owns 21,068 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 5,433 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth about $42,000. Legal & General Group Plc increased its position in shares of Clean Energy Fuels by 35.1% in the 4th quarter. Legal & General Group Plc now owns 26,962 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 7,000 shares during the last quarter. Finally, HRT Financial LLC bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth about $53,000. 26.90% of the stock is owned by institutional investors.

Clean Energy Fuels Company Profile

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 provides operation and maintenance services for vehicle fleet customer stations.

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