Point72 DIFC Ltd Takes Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Point72 DIFC Ltd acquired a new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,191 shares of the utilities provider’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLNE. HITE Hedge Asset Management LLC increased its stake in Clean Energy Fuels by 26.8% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 603,533 shares of the utilities provider’s stock worth $1,877,000 after buying an additional 127,712 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in Clean Energy Fuels by 235.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 12,929 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Clean Energy Fuels by 21.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,841 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 11,534 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Clean Energy Fuels by 8.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 257,142 shares of the utilities provider’s stock valued at $800,000 after acquiring an additional 20,893 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Clean Energy Fuels by 167.4% in the third quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 23,301 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Analyst Ratings Changes

CLNE has been the topic of several research reports. StockNews.com downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Friday. Scotiabank increased their price target on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Clean Energy Fuels presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.38.

Clean Energy Fuels Price Performance

NASDAQ CLNE opened at $2.76 on Tuesday. The company has a market cap of $616.74 million, a PE ratio of -8.90 and a beta of 2.14. Clean Energy Fuels Corp. has a 52-week low of $2.17 and a 52-week high of $4.13. 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 firm’s 50 day moving average price is $2.90 and its 200-day moving average price is $2.85.

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

Clean Energy Fuels Company 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.