BNP Paribas Financial Markets Grows Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

BNP Paribas Financial Markets lifted its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 167.4% during the third quarter, HoldingsChannel.com reports. The firm owned 37,224 shares of the utilities provider’s stock after purchasing an additional 23,301 shares during the quarter. BNP Paribas Financial Markets’ holdings in Clean Energy Fuels were worth $116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLNE. SIR Capital Management L.P. boosted its holdings in Clean Energy Fuels by 9.8% in 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 purchased a new position in shares of Clean Energy Fuels in the 3rd quarter worth about $411,000. SG Americas Securities LLC boosted its stake in Clean Energy Fuels by 411.7% in the 2nd quarter. SG Americas Securities LLC now owns 149,943 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 120,639 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Clean Energy Fuels during the 2nd quarter valued at about $317,000. Finally, Global Alpha Capital Management Ltd. grew its position in Clean Energy Fuels by 1.5% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,145,976 shares of the utilities provider’s stock valued at $22,224,000 after purchasing an additional 102,400 shares during the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

NASDAQ CLNE opened at $2.58 on Thursday. Clean Energy Fuels Corp. has a one year low of $2.17 and a one year high of $4.13. The stock has a 50-day moving average of $2.87 and a 200 day moving average of $2.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The company has a market capitalization of $576.52 million, a price-to-earnings ratio of -8.32 and a beta of 2.14.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CLNE shares. 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. StockNews.com lowered shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Energy Fuels presently has an average rating of “Moderate Buy” and an average 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.