Global Alpha Capital Management Ltd. Increases Stake in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Global Alpha Capital Management Ltd. lifted its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,145,976 shares of the utilities provider’s stock after buying an additional 102,400 shares during the quarter. Clean Energy Fuels comprises 1.4% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 28th largest position. Global Alpha Capital Management Ltd. owned approximately 3.20% of Clean Energy Fuels worth $22,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of CLNE. SIR Capital Management L.P. boosted its stake in Clean Energy Fuels by 9.8% during the second quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock worth $7,381,000 after acquiring an additional 246,600 shares in the last quarter. Inspire Investing LLC bought a new stake in Clean Energy Fuels during the third quarter worth about $411,000. SG Americas Securities LLC boosted its stake in Clean Energy Fuels by 411.7% during the second quarter. SG Americas Securities LLC now owns 149,943 shares of the utilities provider’s stock worth $400,000 after acquiring an additional 120,639 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Clean Energy Fuels during the second quarter worth about $317,000. Finally, Vanguard Group Inc. lifted its stake in shares of Clean Energy Fuels by 1.0% in the first quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock worth $27,071,000 after buying an additional 100,271 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Analysts Set New Price Targets

CLNE has been the topic of several analyst reports. StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Scotiabank upped their target price on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $5.38.

Clean Energy Fuels Stock Down 1.9 %

CLNE opened at $2.64 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $2.95 and a 200-day moving average price of $2.81. Clean Energy Fuels Corp. has a twelve month low of $2.17 and a twelve month high of $4.13. The stock has a market capitalization of $589.93 million, a price-to-earnings ratio of -8.52 and a beta of 2.12.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $100.64 million. During the same period in the previous year, the company earned ($0.12) earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Clean Energy Fuels Profile

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.