Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Bought by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. boosted its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,392,476 shares of the utilities provider's stock after acquiring an additional 246,500 shares during the quarter. Clean Energy Fuels comprises about 1.3% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 29th largest position. Global Alpha Capital Management Ltd. owned about 3.31% of Clean Energy Fuels worth $18,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CLNE. Point72 DIFC Ltd purchased a new stake in Clean Energy Fuels in the third quarter valued at $41,000. Zacks Investment Management purchased a new position in Clean Energy Fuels during the third quarter valued at approximately $42,000. Versor Investments LP purchased a new position in Clean Energy Fuels during the fourth quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Clean Energy Fuels by 235.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider's stock valued at $57,000 after acquiring an additional 12,929 shares during the period. Finally, Grassi Investment Management boosted its position in Clean Energy Fuels by 74.1% in the 4th quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider's stock worth $59,000 after purchasing an additional 10,000 shares in the last quarter. 49.94% of the stock is owned by institutional investors and hedge funds.

Clean Energy Fuels Price Performance

NASDAQ:CLNE traded up $0.02 during trading hours on Wednesday, reaching $1.89. 2,348,055 shares of the company were exchanged, compared to its average volume of 3,010,778. The stock's 50-day moving average is $2.80 and its 200-day moving average is $2.85. Clean Energy Fuels Corp. has a twelve month low of $1.77 and a twelve month high of $3.67. The firm has a market cap of $422.61 million, a PE ratio of -6.10 and a beta of 2.35. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36.

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Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $109.33 million during the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. During the same period in the previous year, the business earned $0.01 EPS. On average, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland purchased 15,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $1.94 per share, with a total value of $29,100.00. Following the completion of the purchase, the chief financial officer now owns 458,800 shares in the company, valued at approximately $890,072. This represents a 3.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CLNE has been the subject of several analyst reports. Raymond James reiterated a "strong-buy" rating and issued a $4.00 target price (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th.

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.