Universal Beteiligungs und Servicegesellschaft mbH Invests $1.11 Million in 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 acquired a new position in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 717,967 shares of the utilities provider's stock, valued at approximately $1,113,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.32% of Clean Energy Fuels as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Clean Energy Fuels during the fourth quarter worth about $169,000. American Century Companies Inc. grew its holdings in Clean Energy Fuels by 11.8% during the fourth quarter. American Century Companies Inc. now owns 347,562 shares of the utilities provider's stock worth $872,000 after acquiring an additional 36,729 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Clean Energy Fuels during the fourth quarter worth about $75,000. JPMorgan Chase & Co. grew its holdings in Clean Energy Fuels by 41.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,029,482 shares of the utilities provider's stock worth $2,584,000 after acquiring an additional 299,264 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in Clean Energy Fuels by 153.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 57,601 shares of the utilities provider's stock worth $145,000 after acquiring an additional 34,852 shares during the period. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group set a $2.00 price objective on Clean Energy Fuels and gave the company a "buy" rating in a report on Sunday, April 13th. Scotiabank dropped their price objective 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 dropped 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. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Clean Energy Fuels presently has a consensus rating of "Moderate Buy" and a consensus target price of $3.75.

Clean Energy Fuels Stock Up 0.7%

CLNE traded up $0.02 on Tuesday, hitting $2.05. 495,231 shares of the company were exchanged, compared to its average volume of 2,692,966. 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 cap of $451.90 million, a price-to-earnings ratio of -2.32 and a beta of 2.65. 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 firm has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $2.05.

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