SIR Capital Management L.P. Grows Stake in Clean Energy Fuels Corp. $CLNE

SIR Capital Management L.P. grew its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 17.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,103,095 shares of the utilities provider’s stock after acquiring an additional 308,300 shares during the period. SIR Capital Management L.P.’s holdings in Clean Energy Fuels were worth $4,416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of Clean Energy Fuels by 1,419,900.0% in the 2nd quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 14,199 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Clean Energy Fuels by 54.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 5,254 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Clean Energy Fuels in the 3rd quarter valued at approximately $31,000. CWM LLC lifted its stake in shares of Clean Energy Fuels by 40.3% in the 4th quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 4,791 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Clean Energy Fuels in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Clean Energy Fuels in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.48.

Insider Transactions at Clean Energy Fuels

In other Clean Energy Fuels news, Director Andrew J. Littlefair sold 165,000 shares of Clean Energy Fuels stock in a transaction on Monday, May 18th. The stock was sold at an average price of $2.05, for a total transaction of $338,250.00. Following the completion of the transaction, the director owned 1,914,993 shares in the company, valued at approximately $3,925,735.65. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.30% of the company’s stock.

Clean Energy Fuels Stock Performance

CLNE opened at $1.91 on Friday. The stock has a market cap of $420.64 million, a PE ratio of -4.15 and a beta of 1.86. The company has a quick ratio of 2.14, a current ratio of 2.46 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $2.18 and a 200-day moving average of $2.25. Clean Energy Fuels Corp. has a 52 week low of $1.75 and a 52 week high of $3.11.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Thursday, May 7th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $117.56 million during the quarter, compared to analysts’ expectations of $102.62 million. Clean Energy Fuels had a negative return on equity of 14.04% and a negative net margin of 22.68%.The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. Equities research analysts predict that Clean Energy Fuels Corp. will post -0.31 earnings per share for the current fiscal year.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.