Barclays PLC Increases Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Barclays PLC grew its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 252.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 266,104 shares of the utilities provider’s stock after acquiring an additional 190,520 shares during the quarter. Barclays PLC’s holdings in Clean Energy Fuels were worth $828,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Eastern Bank purchased a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at about $31,000. DRW Securities LLC purchased a new stake in shares of Clean Energy Fuels during the 2nd quarter valued at about $38,000. Point72 DIFC Ltd purchased a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at about $41,000. Zacks Investment Management purchased a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at about $42,000. Finally, Algert Global LLC purchased a new stake in shares of Clean Energy Fuels during the 2nd quarter valued at about $45,000. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Stock Performance

Clean Energy Fuels stock opened at $2.85 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. Clean Energy Fuels Corp. has a 1-year low of $2.17 and a 1-year high of $3.42. The firm has a market capitalization of $636.85 million, a P/E ratio of -9.19 and a beta of 2.16. The company’s 50-day moving average is $2.80 and its 200 day moving average is $2.84.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $104.90 million for the quarter, compared to analyst estimates of $100.64 million. During the same period in the prior year, the company posted ($0.12) EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Research analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $5.38.

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.