GSA Capital Partners LLP Has $839,000 Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

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

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in shares of Clean Energy Fuels by 43.0% during the first quarter. Cetera Investment Advisers now owns 136,945 shares of the utilities provider's stock valued at $212,000 after buying an additional 41,208 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Clean Energy Fuels during the first quarter worth approximately $1,113,000. CWM LLC increased its holdings in shares of Clean Energy Fuels by 820.1% in the first quarter. CWM LLC now owns 34,126 shares of the utilities provider's stock valued at $53,000 after buying an additional 30,417 shares in the last quarter. Iridian Asset Management LLC CT increased its holdings in shares of Clean Energy Fuels by 69.1% in the first quarter. Iridian Asset Management LLC CT now owns 247,468 shares of the utilities provider's stock valued at $384,000 after buying an additional 101,091 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Clean Energy Fuels during the 1st quarter worth approximately $38,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Clean Energy Fuels Price Performance

Shares of CLNE traded up $0.02 during mid-day trading on Tuesday, hitting $2.05. 495,231 shares of the company traded hands, compared to its average volume of 2,692,966. Clean Energy Fuels Corp. has a one year low of $1.30 and a one year high of $3.67. The company has a current ratio of 2.82, a quick ratio of 2.50 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average of $1.99 and a 200 day moving average of $2.05. The stock has a market capitalization of $451.90 million, a price-to-earnings ratio of -2.32 and a beta of 2.65.

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

Clean Energy Fuels 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.