Teacher Retirement System of Texas Buys Shares of 24,501 Clean Energy Fuels Corp. (NASDAQ:CLNE)

Teacher Retirement System of Texas bought a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,501 shares of the utilities provider’s stock, valued at approximately $38,000.

Other large investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its holdings in shares of Clean Energy Fuels by 1,635.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider’s stock worth $1,829,000 after buying an additional 692,318 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Clean Energy Fuels by 56.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock valued at $3,117,000 after purchasing an additional 450,143 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Clean Energy Fuels in the fourth quarter valued at $870,000. Millennium Management LLC raised its stake in shares of Clean Energy Fuels by 41.2% in the fourth quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock valued at $2,886,000 after purchasing an additional 335,694 shares in the last quarter. Finally, Natixis bought a new stake in Clean Energy Fuels in the fourth quarter valued at $821,000. Institutional investors own 49.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CLNE shares. Lake Street Capital cut their target price on Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Scotiabank dropped their price target on Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Finally, UBS Group set a $2.00 price target on Clean Energy Fuels and gave the stock a “buy” rating in a research report on Sunday, April 13th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Clean Energy Fuels Stock Up 1.0%

Shares of NASDAQ:CLNE opened at $2.05 on Tuesday. The business has a fifty day simple moving average of $1.95 and a 200 day simple moving average of $2.11. Clean Energy Fuels Corp. has a 12-month low of $1.30 and a 12-month high of $3.67. The firm has a market cap of $453.01 million, a P/E ratio of -2.33 and a beta of 2.63. The company has a quick ratio of 2.50, a current ratio of 2.82 and a debt-to-equity ratio of 0.45.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.21. The firm had revenue of $103.76 million for the quarter, compared to analyst estimates of $96.61 million. Clean Energy Fuels had a negative return on equity of 26.37% and a negative net margin of 47.99%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share. Analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

About Clean Energy Fuels

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.