Coppell Advisory Solutions LLC Cuts Stock Position in Clean Energy Fuels Corp. $CLNE

Key Points

• Coppell Advisory Solutions LLC reduced its holdings in Clean Energy Fuels Corp. by 96.1%, selling 706,332 shares and leaving them with 28,308 shares valued at $41,000.
• Several institutional investors, including GTS Securities LLC and Tower Research Capital LLC, increased their stakes in Clean Energy Fuels during the fourth quarter.
• Clean Energy Fuels reported a quarterly revenue of $102.61 million, surpassing estimates and noting a 4.8% increase year-over-year, despite a negative earnings per share.

Coppell Advisory Solutions LLC reduced its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 96.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 28,308 shares of the utilities provider's stock after selling 706,332 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Clean Energy Fuels were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Balyasny Asset Management L.P. purchased a new position in Clean Energy Fuels during the 4th quarter worth $31,000. Tower Research Capital LLC TRC grew its position in shares of Clean Energy Fuels by 56.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock worth $34,000 after buying an additional 4,894 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Clean Energy Fuels during the first quarter worth $36,000. Teacher Retirement System of Texas purchased a new stake in Clean Energy Fuels in the first quarter valued at $38,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Clean Energy Fuels in the first quarter worth about $51,000. Institutional investors own 49.94% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CLNE shares. 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 research note on Tuesday, August 12th. Jefferies Financial Group lowered Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 price objective on the stock. in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Clean Energy Fuels has an average rating of "Buy" and an average price target of $3.59.

Clean Energy Fuels Trading Up 1.0%

Shares of Clean Energy Fuels stock traded up $0.03 on Monday, reaching $2.43. The company had a trading volume of 399,927 shares, compared to its average volume of 2,548,805. The firm has a market cap of $531.78 million, a PE ratio of -2.69 and a beta of 2.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.51 and a current ratio of 2.83. Clean Energy Fuels Corp. has a 52-week low of $1.30 and a 52-week high of $3.67. The firm's 50 day moving average price is $2.29 and its two-hundred day moving average price is $1.93.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $102.61 million for the quarter, compared to analyst estimates of $94.73 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts predict 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.