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?
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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).