Clean Energy Fuels Corp. $CLNE Stock Sold by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. trimmed its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 55.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 756,855 shares of the utilities provider’s stock after selling 957,303 shares during the period. J. Derek Lewis & Associates Inc. owned 0.34% of Clean Energy Fuels worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLNE. StoneX Group Inc. bought a new position in shares of Clean Energy Fuels in the 3rd quarter valued at about $49,000. State Street Corp raised its holdings in shares of Clean Energy Fuels by 9.1% in the 2nd quarter. State Street Corp now owns 6,374,675 shares of the utilities provider’s stock valued at $13,068,000 after purchasing an additional 533,331 shares during the period. WINTON GROUP Ltd raised its holdings in shares of Clean Energy Fuels by 221.7% in the 2nd quarter. WINTON GROUP Ltd now owns 54,048 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 37,248 shares during the period. Squarepoint Ops LLC lifted its stake in Clean Energy Fuels by 261.1% in the 2nd quarter. Squarepoint Ops LLC now owns 157,474 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 113,867 shares during the last quarter. Finally, Amundi lifted its stake in Clean Energy Fuels by 17.7% in the 2nd quarter. Amundi now owns 112,674 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 16,951 shares during the last quarter. 49.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James Financial reiterated a “strong-buy” rating and set a $2.50 price target on shares of Clean Energy Fuels in a report on Tuesday, August 18th. Weiss Ratings raised Clean Energy Fuels from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 28th. Jefferies Financial Group upgraded Clean Energy Fuels to a “hold” rating in a research note on Tuesday, September 29th. Finally, UBS Group lowered Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.75 price objective on the stock. in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.38.

Clean Energy Fuels News Summary

Here are the key news stories impacting Clean Energy Fuels this week:

• Positive Sentiment: CLNE reported $0.03 per share in adjusted earnings, ahead of estimates calling for a loss, and revenue of $112.2 million, above consensus of about $105.4 million. Revenue rose from $106.1 million a year earlier. Zacks earnings coverage
• Positive Sentiment: The company sold 66.8 million gallons of renewable natural gas (RNG) in the quarter. Its GAAP net loss narrowed to $5.7 million, or $0.03 per share, from $23.8 million, or $0.11 per share, a year earlier—evidence of improved results, although not yet GAAP profitability. Company earnings release
• Negative Sentiment: Despite the improvement, CLNE still posted a GAAP loss. The persistence of losses may temper investor enthusiasm if the company does not continue to improve profitability. Q3 results coverage

Clean Energy Fuels Trading Up 26.5%

CLNE stock opened at $1.91 on Friday. Clean Energy Fuels Corp. has a one year low of $1.32 and a one year high of $2.84. The stock has a market cap of $420.64 million, a price-to-earnings ratio of -5.31 and a beta of 1.87. The company has a fifty day moving average price of $1.56 and a two-hundred day moving average price of $2.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.48 and a quick ratio of 2.15.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Thursday, November 5th. The utilities provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. The company had revenue of $112.18 million for the quarter, compared to analyst estimates of $105.38 million. Clean Energy Fuels had a negative net margin of 16.95% and a negative return on equity of 13.51%. Equities analysts anticipate that Clean Energy Fuels Corp. will post -0.30 EPS for the current year.

About Clean Energy Fuels

Clean Energy Fuels Corp. (NASDAQ: CLNE) provides fueling solutions for medium- and heavy-duty vehicle fleets in North America. The company develops, owns and operates natural gas fueling stations and supplies transportation fuel to customers such as refuse and recycling companies, transit agencies, trucking operators, airports and other commercial fleets.

Its offerings include compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG). Clean Energy also provides station construction, operation and maintenance services, fleet fueling support, and related infrastructure solutions.