Clean Energy Fuels Corp. $CLNE Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. trimmed its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,544,589 shares of the utilities provider’s stock after selling 469,187 shares during the quarter. Global Alpha Capital Management Ltd. owned approximately 2.98% of Clean Energy Fuels worth $13,744,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWM LLC grew its position in shares of Clean Energy Fuels by 40.3% in the 4th quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 4,791 shares in the last quarter. Connors Investor Services Inc. raised its stake in Clean Energy Fuels by 7.7% during the fourth quarter. Connors Investor Services Inc. now owns 70,000 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 5,000 shares during the period. BNP Paribas Financial Markets boosted its stake in Clean Energy Fuels by 54.8% in the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 5,254 shares during the period. Rhumbline Advisers raised its position in shares of Clean Energy Fuels by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 270,664 shares of the utilities provider’s stock worth $528,000 after purchasing an additional 5,933 shares during the period. Finally, Franklin Resources Inc. grew its stake in Clean Energy Fuels by 6.0% during the 2nd quarter. Franklin Resources Inc. now owns 126,655 shares of the utilities provider’s stock worth $247,000 after buying an additional 7,142 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.48.

Insider Activity

In other news, Director Andrew J. Littlefair sold 165,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $2.05, for a total value of $338,250.00. Following the completion of the sale, the director owned 1,914,993 shares in the company, valued at $3,925,735.65. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.30% of the stock is owned by corporate insiders.

Clean Energy Fuels Trading Down 4.0%

Shares of CLNE stock opened at $1.93 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.46 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $2.23 and a 200 day simple moving average of $2.26. Clean Energy Fuels Corp. has a fifty-two week low of $1.75 and a fifty-two week high of $3.11. The stock has a market capitalization of $425.04 million, a P/E ratio of -4.20 and a beta of 1.86.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Thursday, May 7th. The utilities provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $117.56 million during the quarter, compared to analyst estimates of $102.62 million. Clean Energy Fuels had a negative net margin of 22.68% and a negative return on equity of 14.04%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 earnings per share. On average, sell-side analysts expect that Clean Energy Fuels Corp. will post -0.31 earnings per share for the current fiscal year.

Clean Energy Fuels Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.