Clean Energy Fuels Corp. $CLNE Stake Lessened by Yaupon Capital Management LP

Key Points

• Yaupon Capital Management LP significantly reduced its holdings in Clean Energy Fuels Corp. by 86.8%, selling over 2 million shares and retaining a small stake worth approximately $502,000 at the end of the most recent quarter.
• Despite Yaupon's sell-off, other investors such as GTS Securities LLC and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. have increased their positions, indicating varied investor sentiment towards the stock.
• Analysts have mixed forecasts for Clean Energy Fuels, with a consensus price target of $3.59, while UBS Group upgraded their rating to "buy" with a target price of $2.75.

Yaupon Capital Management LP reduced its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 86.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,000 shares of the utilities provider's stock after selling 2,135,815 shares during the period. Yaupon Capital Management LP owned 0.15% of Clean Energy Fuels worth $502,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CLNE. Global Alpha Capital Management Ltd. boosted its position in shares of Clean Energy Fuels by 31.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 9,750,076 shares of the utilities provider's stock worth $15,113,000 after acquiring an additional 2,357,600 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Clean Energy Fuels in the first quarter worth approximately $1,113,000. Nuveen LLC acquired a new stake in shares of Clean Energy Fuels in the first quarter worth approximately $1,005,000. GMT Capital Corp boosted its position in shares of Clean Energy Fuels by 211.3% in the first quarter. GMT Capital Corp now owns 767,758 shares of the utilities provider's stock worth $1,190,000 after acquiring an additional 521,089 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position 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 worth $3,117,000 after acquiring an additional 450,143 shares during the last quarter. 49.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CLNE. Jefferies Financial Group cut shares of Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 target price on the stock. in a research report on Friday, August 8th. UBS Group reaffirmed a "buy" rating and set a $2.75 price target (up from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. One 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 company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $3.59.

Clean Energy Fuels Stock Down 5.1%

Shares of CLNE traded down $0.13 during mid-day trading on Friday, reaching $2.40. 1,704,678 shares of the stock traded hands, compared to its average volume of 1,351,915. The firm has a market cap of $526.29 million, a price-to-earnings ratio of -2.67 and a beta of 2.70. The stock has a fifty day simple moving average of $2.29 and a 200 day simple moving average of $1.93. Clean Energy Fuels Corp. has a 12-month low of $1.30 and a 12-month high of $3.67. The company has a quick ratio of 2.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.47.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The company had revenue of $102.61 million for the quarter, compared to analyst estimates of $94.73 million. Clean Energy Fuels had a negative net margin of 48.40% and a negative return on equity of 27.98%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. Sell-side analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS 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.