Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Clean Energy Fuels Corp (CLNE) Is Absolutely Adored By The Smart Money

Clean Energy Fuels Corp (NASDAQ:CLNE) is a cornerstone of many nu-energy focused investors. The question we’ll pose here is: should it be?

If you were to ask many of your peers, hedge funds are perceived as overrated, old financial tools of an era lost to time. Although there are In excess of 8,000 hedge funds with their doors open in present day, Insider Monkey looks at the elite of this group, around 525 funds. Analysts calculate that this group has its hands on the majority of all hedge funds’ total capital, and by watching their highest quality investments, we’ve revealed a few investment strategies that have historically beaten Mr. Market. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Clean Energy Fuels Corp (NASDAQ:CLNE)

Just as useful, optimistic insider trading sentiment is a second way to look at the financial markets. Obviously, there are a variety of reasons for an executive to cut shares of his or her company, but just one, very simple reason why they would buy. Plenty of academic studies have demonstrated the impressive potential of this tactic if “monkeys” know what to do (learn more here).

Furthermore, it’s important to analyze the latest info surrounding Clean Energy Fuels Corp (NASDAQ:CLNE).

What have hedge funds been doing with Clean Energy Fuels Corp (NASDAQ:CLNE)?

Heading into Q3, a total of 12 of the hedge funds we track were long in this stock, a change of 100% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes meaningfully.

Out of the hedge funds we follow, D E Shaw, managed by D. E. Shaw, holds the most valuable position in Clean Energy Fuels Corp (NASDAQ:CLNE). D E Shaw has a $9.6 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On D E Shaw’s heels is Wojciech Uzdelewicz of Espalier Global Management, with a $4.3 million position; 0.3% of its 13F portfolio is allocated to the company. Other hedge funds that are bullish include Ken Griffin’s Citadel Investment Group, and Ken Griffin’s Citadel Investment Group.

As industrywide interest increased, certain money managers have been driving this bullishness. D E Shaw, managed by D. E. Shaw, initiated the biggest position in Clean Energy Fuels Corp (NASDAQ:CLNE). D E Shaw had 9.6 million invested in the company at the end of the quarter. Wojciech Uzdelewicz’s Espalier Global Management also initiated a $4.3 million position during the quarter. The following funds were also among the new CLNE investors: Ken Griffin’s Citadel Investment Group, John Fichthorn’s Dialectic Capital Management, and Ken Griffin’s Citadel Investment Group.

How are insiders trading Clean Energy Fuels Corp (NASDAQ:CLNE)?

Bullish insider trading is best served when the company in focus has seen transactions within the past six months. Over the last 180-day time period, Clean Energy Fuels Corp (NASDAQ:CLNE) has experienced zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

Discover how hedge fund piggybacking can benefit you

Loading Comments...