Clean Energy Fuels Corp (CLNE) : Mizuho Securities Usa has sold out all of its stake in Clean Energy Fuels Corp during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 28,900 shares of Clean Energy Fuels Corp which is valued at $85,255.
Clean Energy Fuels Corp opened for trading at $2.9 and hit $3.02 on the upside on Wednesday, eventually ending the session at $2.89, with a gain of 1.05% or 0.03 points. The heightened volatility saw the trading volume jump to 17,09,252 shares. Company has a market cap of $281 M.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in CLNE in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 3,075 shares of Clean Energy Fuels Corp which is valued at $9,071.Carl Domino Inc reduced its stake in CLNE by selling 12,000 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 24,000 shares of CLNE which is valued at $70,800. Clean Energy Fuels Corp makes up approx 0.06% of Carl Domino Inc’s portfolio.Creative Planning reduced its stake in CLNE by selling 900 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 41,123 shares of CLNE which is valued at $118,434.
On the company’s financial health, Clean Energy Fuels Corp reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $-0.09. The company had revenue of $119.35 million for the quarter, compared to analysts expectations of $108.85 million. The company’s revenue was down -9.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.
Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs builds operates and maintains fueling stations and supplies its customers with compressed natural gas (CNG) fuel for light medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The Company also manufactures sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations. It provides operation and maintenance (O&M) services to customers offers assessment designs and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets transport. It offers vehicle finance services for some of its customers’ purchases of natural gas vehicles. The Company sells CNG to industrial and institutional energy users who do not have direct access to natural gas pipelines.