Clean Energy Fuels Corp. (NASDAQ:CLNE) Stake Boosted by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP significantly increased its stake in Clean Energy Fuels Corp. by 293.9%, acquiring an additional 403,747 shares, resulting in a total of 541,145 shares valued at approximately $839,000.
• Several institutional investors also boosted their holdings in Clean Energy Fuels, with a notable increase from Tower Research Capital LLC by 56.3% during the fourth quarter.
• Analyst ratings for Clean Energy Fuels show mixed opinions, with a range of target prices from $2.00 to $22.00, reflecting a consensus rating of "Moderate Buy" and an average target price of $3.75.

GSA Capital Partners LLP raised its position in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 293.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 541,145 shares of the utilities provider's stock after acquiring an additional 403,747 shares during the quarter. GSA Capital Partners LLP owned 0.24% of Clean Energy Fuels worth $839,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. GTS Securities LLC lifted its stake in Clean Energy Fuels by 16.8% in the fourth quarter. GTS Securities LLC now owns 27,446 shares of the utilities provider's stock valued at $69,000 after buying an additional 3,955 shares during the last quarter. Invesco Ltd. lifted its stake in Clean Energy Fuels by 1.2% in the fourth quarter. Invesco Ltd. now owns 349,650 shares of the utilities provider's stock valued at $878,000 after buying an additional 4,108 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Clean Energy Fuels by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider's stock valued at $245,000 after buying an additional 4,215 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake 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 buying an additional 4,894 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in Clean Energy Fuels by 4.6% in the fourth quarter. Rafferty Asset Management LLC now owns 156,428 shares of the utilities provider's stock valued at $393,000 after buying an additional 6,863 shares during the last quarter. Institutional investors and hedge funds own 49.94% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CLNE shares. Scotiabank cut their target price on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Lake Street Capital lowered their price target on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, UBS Group set a $2.00 price target on Clean Energy Fuels and gave the company a "buy" rating in a report on Sunday, April 13th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Clean Energy Fuels presently has a consensus rating of "Moderate Buy" and an average target price of $3.75.

Clean Energy Fuels Stock Performance

Shares of CLNE traded down $0.06 during trading hours on Friday, reaching $1.97. 1,432,188 shares of the company's stock traded hands, compared to its average volume of 1,693,944. The firm has a market capitalization of $435.33 million, a price-to-earnings ratio of -2.24 and a beta of 2.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.82 and a quick ratio of 2.50. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The business's fifty day simple moving average is $1.98 and its two-hundred day simple moving average is $2.07.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.21. The company had revenue of $103.76 million for the quarter, compared to analyst estimates of $96.61 million. Clean Energy Fuels had a negative return on equity of 26.37% and a negative net margin of 47.99%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. Analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

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.