Russell Investments Group Ltd. Grows Position in Clean Energy Fuels Corp. $CLNE

Russell Investments Group Ltd. boosted its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 33.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 537,421 shares of the utilities provider’s stock after acquiring an additional 134,481 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of Clean Energy Fuels worth $833,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new position in shares of Clean Energy Fuels in the fourth quarter valued at $31,000. Balyasny Asset Management L.P. purchased a new position in shares of Clean Energy Fuels in the fourth quarter valued at $31,000. Tower Research Capital LLC TRC increased its position in shares of Clean Energy Fuels by 56.3% in the fourth 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. Aigen Investment Management LP purchased a new position in shares of Clean Energy Fuels in the first quarter valued at $36,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Clean Energy Fuels in the first quarter valued at $38,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Stock Down 0.4%

CLNE opened at $2.63 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.47. The firm has a market cap of $576.73 million, a P/E ratio of -2.92 and a beta of 2.65. Clean Energy Fuels Corp. has a 52 week low of $1.30 and a 52 week high of $3.67. The business’s fifty day simple moving average is $2.18 and its 200 day simple moving average is $1.95.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $102.61 million for the quarter, compared to analyst estimates of $94.73 million. Clean Energy Fuels had a negative return on equity of 27.98% and a negative net margin of 48.40%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share. As a group, equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Lake Street Capital dropped their price target on 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 restated a “buy” rating and issued a $2.75 price target (up previously from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group cut Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 price target for the company. in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average 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.