Global Alpha Capital Management Ltd. Purchases 2,357,600 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Key Points

• Global Alpha Capital Management Ltd. increased its stake in Clean Energy Fuels Corp. by 31.9%, owning a total of 9,750,076 shares worth approximately $15.1 million after acquiring an additional 2,357,600 shares.
• Wall Street analysts have a mixed outlook for Clean Energy Fuels, with predictions ranging from a buy rating with targets as high as $5.00 to a sector outperform rating with a lower target of $4.00.
• Clean Energy Fuels reported a revenue of $102.61 million in its latest quarterly results, exceeding expectations, and had a negative earnings per share of (0.01), which was better than the forecast of (<0.07).

Global Alpha Capital Management Ltd. boosted its position in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 31.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,750,076 shares of the utilities provider's stock after acquiring an additional 2,357,600 shares during the period. Global Alpha Capital Management Ltd. owned 4.35% of Clean Energy Fuels worth $15,113,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Clean Energy Fuels during the first quarter valued at approximately $1,113,000. Coppell Advisory Solutions LLC boosted its holdings in shares of Clean Energy Fuels by 1,635.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider's stock worth $1,829,000 after acquiring an additional 692,318 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings 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 period. GSA Capital Partners LLP boosted its stake in Clean Energy Fuels by 293.9% during the first quarter. GSA Capital Partners LLP now owns 541,145 shares of the utilities provider's stock valued at $839,000 after buying an additional 403,747 shares during the period. Finally, Tudor Investment Corp ET AL bought a new stake in Clean Energy Fuels during the fourth quarter valued at $870,000. Institutional investors own 49.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a "hold" rating and set a $2.20 price objective on shares of Clean Energy Fuels in a research note on Friday. UBS Group set a $2.00 price objective on Clean Energy Fuels and gave the stock a "buy" rating in a report on Sunday, April 13th. Scotiabank reduced their price target on 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 reduced 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. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Clean Energy Fuels currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.44.

Clean Energy Fuels Stock Up 12.3%

CLNE stock opened at $2.29 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.50 and a current ratio of 2.82. The business's 50 day moving average price is $2.01 and its two-hundred day moving average price is $2.04. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67. The company has a market capitalization of $506.04 million, a price-to-earnings ratio of -2.54 and a beta of 2.65.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. Clean Energy Fuels had a negative return on equity of 27.08% and a negative net margin of 48.40%. The firm had revenue of $102.61 million for the quarter, compared to analysts' expectations of $94.73 million. During the same period in the previous year, the firm posted $0.01 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts forecast 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.

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