Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 717,967 Clean Energy Fuels Corp. (NASDAQ:CLNE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 717,967 shares of Clean Energy Fuels Corp., representing a new position valued at approximately $1,113,000.
• Research analysts have lowered price targets for Clean Energy Fuels, with Scotiabank and Lake Street Capital setting new objectives at $4.00 and $5.00, respectively, while UBS Group maintains a target of $2.00.
• Clean Energy Fuels reported earnings of $0.01 per share in its latest quarter, beating expectations, and its revenue grew year-over-year by 0.1% to $103.76 million.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 717,967 shares of the utilities provider's stock, valued at approximately $1,113,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.32% of Clean Energy Fuels as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Two Sigma Securities LLC acquired a new stake in Clean Energy Fuels in the 4th quarter valued at about $31,000. Balyasny Asset Management L.P. acquired a new stake in Clean Energy Fuels in the 4th quarter valued at about $31,000. Tower Research Capital LLC TRC grew its stake in Clean Energy Fuels by 56.3% in the 4th 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 during the last quarter. Teacher Retirement System of Texas acquired a new stake in Clean Energy Fuels in the 1st quarter valued at about $38,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Clean Energy Fuels in the 1st quarter valued at about $51,000. 49.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Scotiabank lowered their price objective on shares of 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 objective on shares of Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the company a "buy" rating in a research note on Sunday, April 13th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.75.

Clean Energy Fuels Trading Down 3.0%

NASDAQ:CLNE traded down $0.06 on Friday, reaching $1.97. The stock had a trading volume of 1,432,188 shares, compared to its average volume of 1,693,944. The company has a market cap 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. The firm's fifty day moving average is $1.98 and its two-hundred day moving average is $2.07. Clean Energy Fuels Corp. has a 12-month low of $1.30 and a 12-month high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share (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 net margin of 47.99% and a negative return on equity of 26.37%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. Equities analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS 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.