Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 93.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 448,096 shares of the utilities provider's stock after acquiring an additional 216,278 shares during the period. Two Sigma Investments LP owned 0.20% of Clean Energy Fuels worth $1,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLNE. Two Sigma Securities LLC acquired a new position in Clean Energy Fuels during the fourth quarter worth $31,000. Balyasny Asset Management L.P. purchased a new stake in shares of Clean Energy Fuels during the fourth quarter worth approximately $31,000. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 4,894 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Clean Energy Fuels in the 4th quarter valued at approximately $40,000. Finally, Versor Investments LP purchased a new position in Clean Energy Fuels in the fourth quarter valued at $45,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CLNE. Wall Street Zen downgraded Clean Energy Fuels from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th. 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. Scotiabank decreased their price objective on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Lake Street Capital lowered their price objective on shares of Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Raymond James restated a "strong-buy" rating and set a $4.00 price objective (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $3.75.

Clean Energy Fuels Price Performance

CLNE opened at $1.78 on Friday. The company has a 50 day moving average of $1.63 and a two-hundred day moving average of $2.28. Clean Energy Fuels Corp. has a 52-week low of $1.30 and a 52-week high of $3.67. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The company has a market cap of $393.35 million, a P/E ratio of -5.74 and a beta of 2.57.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.21. The firm had revenue of $103.76 million for the quarter, compared to analyst estimates of $96.61 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. On average, analysts expect that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.