Fmr LLC Grows Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Fmr LLC increased its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 14.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,546 shares of the utilities provider’s stock after purchasing an additional 6,884 shares during the period. Fmr LLC’s holdings in Clean Energy Fuels were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLNE. Eastern Bank acquired a new stake in Clean Energy Fuels during the 3rd quarter worth about $31,000. DRW Securities LLC purchased a new stake in Clean Energy Fuels during the second quarter worth $38,000. Algert Global LLC acquired a new stake in shares of Clean Energy Fuels during the 2nd quarter valued at about $45,000. MQS Management LLC acquired a new stake in Clean Energy Fuels in the third quarter valued at approximately $72,000. Finally, Sei Investments Co. purchased a new stake in shares of Clean Energy Fuels in the second quarter valued at approximately $74,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Scotiabank increased their target price on Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a research report on Tuesday, September 3rd. StockNews.com downgraded shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

Clean Energy Fuels Stock Up 1.2 %

Shares of CLNE opened at $2.56 on Friday. The stock has a 50 day moving average price of $2.86 and a 200 day moving average price of $2.84. Clean Energy Fuels Corp. has a one year low of $2.17 and a one year high of $4.13. 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 stock has a market capitalization of $572.05 million, a price-to-earnings ratio of -8.26 and a beta of 2.14.

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

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.