DRW Securities LLC Invests $38,000 in Clean Energy Fuels Corp. (NASDAQ:CLNE)

DRW Securities LLC acquired a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 14,075 shares of the utilities provider’s stock, valued at approximately $38,000.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in Clean Energy Fuels in the 1st quarter worth $33,000. Grassi Investment Management purchased a new stake in shares of Clean Energy Fuels during the first quarter worth about $36,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Clean Energy Fuels during the first quarter worth about $52,000. Sei Investments Co. bought a new stake in Clean Energy Fuels during the 2nd quarter valued at approximately $74,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Clean Energy Fuels by 30.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 10,437 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Stock Performance

NASDAQ CLNE opened at $3.12 on Wednesday. The stock has a market capitalization of $696.58 million, a PE ratio of -8.91 and a beta of 2.12. Clean Energy Fuels Corp. has a 1-year low of $2.17 and a 1-year high of $4.14. The business has a 50 day simple moving average of $2.91 and a two-hundred day simple moving average of $2.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.17 and a quick ratio of 2.82.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The company had revenue of $97.95 million for the quarter, compared to analysts’ expectations of $106.45 million. Clean Energy Fuels had a negative net margin of 19.61% and a negative return on equity of 8.75%. Clean Energy Fuels’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, research analysts predict that Clean Energy Fuels Corp. will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CLNE shares. Scotiabank lifted their price objective on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a research report on Tuesday, September 3rd. StockNews.com raised shares of Clean Energy Fuels to a “sell” rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Energy Fuels has a consensus 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.