White Pine Capital LLC Sells 8,323 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

White Pine Capital LLC trimmed its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 314,468 shares of the utilities provider’s stock after selling 8,323 shares during the quarter. White Pine Capital LLC owned about 0.14% of Clean Energy Fuels worth $1,204,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CLNE. Schonfeld Strategic Advisors LLC bought a new position in shares of Clean Energy Fuels in the third quarter valued at about $6,997,000. Assenagon Asset Management S.A. bought a new position in shares of Clean Energy Fuels in the fourth quarter valued at about $1,566,000. Rice Hall James & Associates LLC raised its holdings in shares of Clean Energy Fuels by 25.6% in the third quarter. Rice Hall James & Associates LLC now owns 1,169,170 shares of the utilities provider’s stock valued at $4,478,000 after buying an additional 238,165 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in shares of Clean Energy Fuels in the third quarter valued at about $555,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Clean Energy Fuels in the third quarter valued at about $298,000. 49.94% of the stock is owned by institutional investors.

Clean Energy Fuels Trading Up 8.0 %

Shares of Clean Energy Fuels stock traded up $0.18 during trading on Friday, hitting $2.43. 2,003,019 shares of the company were exchanged, compared to its average volume of 1,497,383. The firm has a market capitalization of $542.52 million, a P/E ratio of -5.52 and a beta of 2.06. Clean Energy Fuels Corp. has a 1-year low of $2.17 and a 1-year high of $5.25. The firm’s fifty day moving average price is $2.60 and its 200 day moving average price is $3.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.59.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. Clean Energy Fuels had a negative return on equity of 14.05% and a negative net margin of 23.40%. The business had revenue of $106.86 million during the quarter, compared to analyst estimates of $106.50 million. As a group, sell-side analysts expect that Clean Energy Fuels Corp. will post -0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on CLNE. Stifel Nicolaus dropped their price objective on Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating for the company in a report on Tuesday, January 23rd. StockNews.com raised Clean Energy Fuels to a “sell” rating in a report on Tuesday, April 9th. Raymond James dropped their price objective on Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 3rd. Scotiabank dropped their price objective on Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Finally, Piper Sandler dropped their price objective on Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Clean Energy Fuels presently has an average rating of “Moderate Buy” and an average price target of $5.60.

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.