Global Alpha Capital Management Ltd. Sells 1,260,800 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Global Alpha Capital Management Ltd. reduced its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,728,476 shares of the utilities provider's stock after selling 1,260,800 shares during the quarter. Clean Energy Fuels accounts for 1.8% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 22nd biggest holding. Global Alpha Capital Management Ltd. owned about 2.57% of Clean Energy Fuels worth $21,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prio Wealth Limited Partnership purchased a new stake in shares of Clean Energy Fuels in the fourth quarter valued at approximately $38,000. Sunbelt Securities Inc. boosted its stake in shares of 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 valued at $42,000 after buying an additional 10,000 shares in the last quarter. Alterna Wealth Management Inc. boosted its stake in shares of Clean Energy Fuels by 100.0% in the fourth quarter. Alterna Wealth Management Inc. now owns 20,000 shares of the utilities provider's stock valued at $77,000 after buying an additional 10,000 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of Clean Energy Fuels in the third quarter valued at approximately $84,000. Finally, Principal Financial Group Inc. boosted its position in Clean Energy Fuels by 39.2% during the third quarter. Principal Financial Group Inc. now owns 25,084 shares of the utilities provider's stock worth $96,000 after purchasing an additional 7,065 shares in the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CLNE. Raymond James decreased their target price on Clean Energy Fuels from $6.00 to $5.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 3rd. Stifel Nicolaus decreased their target price on Clean Energy Fuels from $8.00 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, January 23rd. Piper Sandler decreased their target price on Clean Energy Fuels from $7.00 to $4.00 and set an "overweight" rating on the stock in a research report on Thursday, April 18th. StockNews.com upgraded Clean Energy Fuels to a "sell" rating in a research report on Monday, May 13th. Finally, Scotiabank decreased their target price on Clean Energy Fuels from $6.00 to $5.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5.60.

Clean Energy Fuels Price Performance

Shares of NASDAQ CLNE traded down $0.03 during trading on Tuesday, reaching $2.48. The company had a trading volume of 1,036,603 shares, compared to its average volume of 1,631,555. Clean Energy Fuels Corp. has a twelve month low of $2.17 and a twelve month high of $5.25. The stock has a market capitalization of $553.68 million, a PE ratio of -7.17 and a beta of 2.08. The stock has a 50-day moving average price of $2.46 and a two-hundred day moving average price of $3.03. The company has a current ratio of 3.14, a quick ratio of 2.80 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. The firm had revenue of $106.86 million during the quarter, compared to analyst estimates of $106.50 million. Clean Energy Fuels had a negative return on equity of 11.09% and a negative net margin of 19.98%. As a group, sell-side analysts predict that Clean Energy Fuels Corp. will post -0.44 earnings per share 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.