EagleClaw Capital Managment LLC Buys 67,250 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

EagleClaw Capital Managment LLC raised its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 43.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,925 shares of the utilities provider’s stock after purchasing an additional 67,250 shares during the quarter. EagleClaw Capital Managment LLC owned approximately 0.10% of Clean Energy Fuels worth $342,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Two Sigma Securities LLC bought a new stake in shares of Clean Energy Fuels during the fourth quarter valued at approximately $31,000. Balyasny Asset Management L.P. purchased a new position in Clean Energy Fuels during the fourth quarter valued at $31,000. Tower Research Capital LLC TRC boosted its holdings in shares of Clean Energy Fuels by 56.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock valued at $34,000 after buying an additional 4,894 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Clean Energy Fuels in the 1st quarter worth about $38,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Clean Energy Fuels in the 1st quarter worth about $51,000. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Price Performance

NASDAQ:CLNE opened at $2.03 on Friday. The business’s 50-day simple moving average is $1.98 and its two-hundred day simple moving average is $2.07. Clean Energy Fuels Corp. has a 52 week low of $1.30 and a 52 week high of $3.67. The stock has a market cap of $448.59 million, a PE ratio of -2.31 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 announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.21. Clean Energy Fuels had a negative return on equity of 26.37% and a negative net margin of 47.99%. The company had revenue of $103.76 million during the quarter, compared to analyst estimates of $96.61 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The firm’s revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CLNE shares. Lake Street Capital lowered their price target on shares of Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 9th. UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the company a “buy” rating in a report on Sunday, April 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.75.

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.