Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 41.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,149,914 shares of the utilities provider's stock after purchasing an additional 335,694 shares during the quarter. Millennium Management LLC owned approximately 0.51% of Clean Energy Fuels worth $2,886,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. IMC Chicago LLC lifted its holdings in Clean Energy Fuels by 7.4% during the 4th quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider's stock valued at $329,000 after buying an additional 9,021 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Clean Energy Fuels during the fourth quarter worth approximately $63,000. Rhumbline Advisers raised its stake in shares of Clean Energy Fuels by 3.2% during the fourth quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider's stock valued at $700,000 after acquiring an additional 8,731 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Clean Energy Fuels by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 516,302 shares of the utilities provider's stock valued at $1,296,000 after acquiring an additional 5,485 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Clean Energy Fuels in the fourth quarter valued at approximately $45,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

Clean Energy Fuels Stock Down 4.8%

CLNE traded down $0.09 during trading on Wednesday, hitting $1.78. The stock had a trading volume of 2,977,308 shares, compared to its average volume of 2,162,620. The stock has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $2.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The company has a market capitalization of $393.35 million, a PE 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, beating the consensus estimate of ($0.20) by $0.21. The firm had revenue of $103.76 million during the quarter, compared to analyst estimates of $96.61 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) EPS. On average, research analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLNE has been the topic of several research reports. Lake Street Capital reduced their price objective 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. Scotiabank cut their price target 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. UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the stock a "buy" rating in a research note on Sunday, April 13th. Wall Street Zen downgraded shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. Finally, Raymond James restated a "strong-buy" rating and set a $4.00 price objective (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $3.75.

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.