Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,038,047 shares of the utilities provider’s stock after selling 50,199 shares during the period. Rice Hall James & Associates LLC’s holdings in Clean Energy Fuels were worth $2,772,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Clean Energy Fuels by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,314,636 shares of the utilities provider’s stock worth $47,167,000 after purchasing an additional 702,049 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Clean Energy Fuels by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock worth $27,071,000 after purchasing an additional 100,271 shares in the last quarter. SIR Capital Management L.P. boosted its position in shares of Clean Energy Fuels by 9.8% during the 2nd quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock worth $7,381,000 after purchasing an additional 246,600 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Clean Energy Fuels by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,367,278 shares of the utilities provider’s stock worth $5,237,000 after purchasing an additional 19,616 shares in the last quarter. Finally, Connors Investor Services Inc. boosted its position in shares of Clean Energy Fuels by 5.1% in the 1st quarter. Connors Investor Services Inc. now owns 813,904 shares of the utilities provider’s stock worth $2,181,000 after buying an additional 39,186 shares in the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a research report on Wednesday, August 14th. Scotiabank boosted their price objective on shares of 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 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.38.

Clean Energy Fuels Price Performance

NASDAQ:CLNE opened at $2.86 on Thursday. The firm has a market cap of $638.53 million, a price-to-earnings ratio of -8.17 and a beta of 2.12. The company has a current ratio of 3.17, a quick ratio of 2.82 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average is $2.80 and its two-hundred day moving average is $2.67. Clean Energy Fuels Corp. has a 12-month low of $2.17 and a 12-month high of $4.68.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $97.95 million for the quarter, compared to analyst estimates of $106.45 million. Clean Energy Fuels had a negative net margin of 19.61% and a negative return on equity of 8.75%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) EPS. Research analysts expect that Clean Energy Fuels Corp. will post -0.34 EPS for the current 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.