Assenagon Asset Management S.A. Makes New $1.57 Million Investment in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Assenagon Asset Management S.A. acquired a new position in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 408,780 shares of the utilities provider's stock, valued at approximately $1,566,000. Assenagon Asset Management S.A. owned 0.18% of Clean Energy Fuels as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in Clean Energy Fuels by 1,052.6% in the third quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider's stock worth $42,000 after acquiring an additional 10,000 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Clean Energy Fuels by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,347,662 shares of the utilities provider's stock valued at $5,162,000 after purchasing an additional 34,908 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Clean Energy Fuels in the third quarter valued at approximately $6,997,000. Versor Investments LP bought a new stake in shares of Clean Energy Fuels in the third quarter valued at approximately $157,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Clean Energy Fuels in the third quarter valued at approximately $298,000. Institutional investors own 49.94% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CLNE. StockNews.com raised shares of Clean Energy Fuels to a "sell" rating in a research report on Tuesday, March 26th. Raymond James lowered their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a "strong-buy" rating on the stock in a research report on Wednesday. Stifel Nicolaus decreased their target price on shares of Clean Energy Fuels from $8.00 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. Finally, Scotiabank decreased their target price on shares of Clean Energy Fuels from $7.00 to $6.00 and set a "sector outperform" rating on the stock in a report on Wednesday, March 6th. One equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.60.

Clean Energy Fuels Price Performance

Clean Energy Fuels stock traded down $0.06 during midday trading on Friday, reaching $2.47. 1,833,139 shares of the stock were exchanged, compared to its average volume of 1,650,555. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.59 and a current ratio of 2.87. Clean Energy Fuels Corp. has a 52 week low of $2.32 and a 52 week high of $5.25. The firm has a market cap of $551.40 million, a PE ratio of -5.59 and a beta of 2.06. The company's fifty day moving average is $2.81 and its 200-day moving average is $3.34.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. The business had revenue of $106.86 million during the quarter, compared to analysts' expectations of $106.50 million. On average, sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.49 EPS for the current year.

About Clean Energy Fuels

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.