Deutsche Bank AG Increases Position in Clean Energy Fuels Corp. $CLNE

Deutsche Bank AG grew its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 60.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 588,146 shares of the utilities provider’s stock after purchasing an additional 222,061 shares during the quarter. Deutsche Bank AG owned approximately 0.26% of Clean Energy Fuels worth $912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Clean Energy Fuels in the first quarter valued at $1,113,000. D. E. Shaw & Co. Inc. boosted its position in shares of Clean Energy Fuels by 56.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock worth $3,117,000 after acquiring an additional 450,143 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Clean Energy Fuels by 293.9% in the 1st quarter. GSA Capital Partners LLP now owns 541,145 shares of the utilities provider’s stock valued at $839,000 after acquiring an additional 403,747 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Clean Energy Fuels in the 4th quarter valued at about $870,000. Finally, Millennium Management LLC raised its position in shares of Clean Energy Fuels by 41.2% during the 4th quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock worth $2,886,000 after acquiring an additional 335,694 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

Shares of NASDAQ CLNE opened at $2.53 on Monday. The stock has a market cap of $554.80 million, a P/E ratio of -2.81 and a beta of 2.65. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The stock has a 50 day moving average of $2.11 and a two-hundred day moving average of $1.96. The company has a current ratio of 2.83, a quick ratio of 2.51 and a debt-to-equity ratio of 0.47.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. Clean Energy Fuels had a negative net margin of 48.40% and a negative return on equity of 27.98%. The firm had revenue of $102.61 million during the quarter, compared to the consensus estimate of $94.73 million. During the same quarter in the prior year, the firm earned $0.01 EPS. Clean Energy Fuels’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $2.75 price target (up from $2.00) on shares of Clean Energy Fuels in a report on Tuesday, August 12th. Jefferies Financial Group downgraded shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 price objective for the company. in a research report on Friday, August 8th. Finally, Lake Street Capital lowered their target price on shares of Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating for the company in a report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $3.59.

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.