Total S.A.: Clean Energy Fuels Corp Position increased

June 14, 2018 - By Marie Mckinney

Clean Energy Fuels Corp. (NASDAQ:CLNE) LogoInvestors sentiment decreased to 0.66 in Q1 2018. Its down 0.71, from 1.37 in 2017Q4. It turned negative, as 22 investors sold Clean Energy Fuels Corp. shares while 36 reduced holdings. 10 funds opened positions while 28 raised stakes. 47.54 million shares or 5.70% less from 50.41 million shares in 2017Q4 were reported.

Ameritas Inv Prns has invested 0% in Clean Energy Fuels Corp. (NASDAQ:CLNE). Alliancebernstein Lp holds 85,954 shares or 0% of its portfolio. Glenmede Na invested 0% of its portfolio in Clean Energy Fuels Corp. (NASDAQ:CLNE). Kbc Gp Nv, a Belgium-based fund reported 159,426 shares. Hudock Grp Incorporated Ltd Liability Corporation has invested 0% in Clean Energy Fuels Corp. (NASDAQ:CLNE). Of Toledo Na Oh holds 0.01% in Clean Energy Fuels Corp. (NASDAQ:CLNE) or 21,593 shares. 35,990 were reported by Employees Retirement Association Of Colorado. Comml Bank Of New York Mellon holds 0% or 716,964 shares in its portfolio. Great West Life Assurance Com Can stated it has 7,535 shares. Proshare Advsrs Limited Company accumulated 17,453 shares or 0% of the stock. Dimensional Fund Advsr Limited Partnership stated it has 8.72 million shares or 0.01% of all its holdings. Barclays Public Limited Co, United Kingdom-based fund reported 39,666 shares. Raymond James & Associate owns 43,050 shares for 0% of their portfolio. Tradewinds Capital Management Llc has invested 0% of its portfolio in Clean Energy Fuels Corp. (NASDAQ:CLNE). Millennium Mngmt Ltd Liability Corporation, a New York-based fund reported 1.28M shares.

Since March 15, 2018, it had 7 buys, and 0 insider sales for $83.80 million activity. Another trade for 22,000 shares valued at $50,492 was bought by Littlefair Andrew J. 15,000 shares were bought by Corbus Barclay, worth $35,397. 140,000 Clean Energy Fuels Corp. (NASDAQ:CLNE) shares with value of $197,750 were bought by Herrington John S. 50.86M shares valued at $83.40 million were bought by TOTAL S.A. on Friday, June 8. Scully Stephen also bought $49,834 worth of Clean Energy Fuels Corp. (NASDAQ:CLNE) shares.

Total S.A. Reported increased Stake in Clean Energy Fuels Corp

Total S.A. filed with SEC a SC 13D/A form for Clean Energy Fuels Corp. It can be found at: 000119312518192618. As reported by Total S.A., the filler increased its stake in the stock by 30.18 % for 67,443,954 shares. Total S.A. currently owns 33.2% of the Energy- stock. Date of activity: June13, 2018.

Reasons Why Total S.A. Holds Clean Energy Fuels Corp

Item4. Purpose of Transaction

Item 4 of the Schedule 13D is hereby amended and supplemented with the following.

As described in the Schedule 13D, on May9, 2018, the Issuer and Purchaser entered into a stock purchase agreement (the “PurchaseAgreement”) pursuant to which the Issuer agreed to sell and issue, and Purchaser agreed to purchase, in a private placement, up to 50,856,296 shares of Common Stock at a purchase price of $1.64 per share ($83,404,325.44 in the aggregate), whichprice was determined based on the volume-weighted average price for Common Stock between March23, 2018 and May3, 2018. The issuance of the shares of Common Stock was approved by the Issuer’s stockholders at the Issuer’s 2018annual meeting of stockholders held on Friday, June8, 2018. This Amendment No.1 discloses Purchaser’s purchase of such shares of Common Stock, the closing of which occurred on June13, 2018. Concurrently with the closing of thetransactions contemplated by the Purchase Agreement, Purchaser entered into a registration rights agreement with the Issuer as described below (the “Registration Rights Agreement”) in the form attached as Exhibit 99.4 to the Schedule 13D.

The description of the Purchase Agreement contained in this Item 4 does not purport to be complete and is qualified in its entirety byreference to the full text of the Purchase Agreement, a copy of which is attached as Exhibit 99.3 to the Schedule 13D and incorporated herein by reference.

As previously disclosed in the Schedule 13D, on May9, 2018, Purchaser entered into a Voting Agreement (the “Voting Agreement”)with the Issuer and all of the Issuer’s directors and officers (the “Voting Agreement Parties”). Pursuant to the terms of the Voting Agreement, among other voting requirements specific to certain matters voted on at the Issuer’s2018 annual meeting of stockholders, each Voting Agreement Party is required to vote all shares of Common Stock presently or hereafter owned or controlled by such Voting Agreement Party, in any vote of the Issuer’s stockholders that may be heldfrom time to time, in favor of the election of the individuals to be designated by Purchaser to serve on the Issuer’s board of directors pursuant to Purchaser’s director designation rights under the Purchase Agreement, as described in theSchedule 13D. Additionally, pursuant to the terms of the Voting Agreement, each of the Voting Agreement Parties has irrevocably appointed Purchaser as such Voting Agreement Party’s proxy and attorney-in-fact, and authorized Purchaser to represent and vote (or consent, if applicable) all such shares of Common Stock in favor of such matters. As stated in the Schedule 13D, as of April10, 2018,an aggregate of 16,587,658 shares of Common Stock, representing 10.9% of the aggregate outstanding shares of Common Stock as of such date, were owned or controlled by the Voting Agreement Parties and subject to the Voting Agreement, as increased ordecreased after such date. As Purchaser still maintains the right to represent and vote (or consent, if applicable) such shares of Common Stock in accordance with the Voting Agreement, this Amendment No.1 also discloses Purchaser’s rightto vote the shares of Common Stock that are subject to the Voting Agreement.

The description of the Voting Agreement contained in thisItem 4 does not purport to be complete and is qualified in its entirety by reference to the full text of the Voting Agreement, a copy of which is attached as Exhibit 99.2 to the Schedule 13D and incorporated herein by reference.



Page 6 of 7 Pages

Item5. Interest in Securities of the Issuer.

Clean Energy Fuels Corp Institutional Sentiment

Filings show 111 investors own Clean Energy Fuels Corp. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 3265984. 52961212 were owned by these investors. 15 funds opened new Clean Energy Fuels Corp stakes, 39 increased positions. There were 11 that closed positions and 29 reduced them.

Financial Architects Inc is an investor bullish on Clean Energy Fuels Corp, owning 30000 shares as of Q3 2017 for 0.14% of its portfolio. Brave Asset Management Inc owns 43500 shares or 0.06% of its portfolio. MA Eagleclaw Capital Managment Llc have 0.02% of its portfolio for 11000 shares. Further, Grassi Investment Management reported stake worth less than 0.01% of its portfolio. The CA Malaga Cove Capital Llc owns 294822 shares. Clean Energy Fuels Corp is 0.43% of its portfolio.

SEC Form 13D.

Analysts await Clean Energy Fuels Corp. (NASDAQ:CLNE) to report earnings on August, 2. They expect $-0.06 earnings per share, up 50.00 % or $0.06 from last year’s $-0.12 per share. After $0.09 actual earnings per share reported by Clean Energy Fuels Corp. for the previous quarter, Wall Street now forecasts -166.67 % negative EPS growth.

The stock decreased 0.86% or $0.025 during the last trading session, reaching $2.875. About 1.05M shares traded. Clean Energy Fuels Corp. (NASDAQ:CLNE) has risen 11.44% since June 14, 2017 and is uptrending. It has underperformed by 1.13% the S&P500.

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company has market cap of $438.48 million. The firm supplies compressed natural gas , liquefied natural gas (LNG), and renewable natural gas (RNG) for light, medium, and heavy-duty vehicles. It currently has negative earnings. It also designs, builds, operates, and maintains fueling stations.

More notable recent Clean Energy Fuels Corp. (NASDAQ:CLNE) news were published by: which released: “Why Clean Energy Fuels Corp’s Shares Popped 12.7% Today” on June 01, 2018, also with their article: “Clean Energy Fuels +8% premarket, looks to extend five-session win streak” published on May 21, 2018, published: “Why Clean Energy Fuels Corp’s Shares Fell 12.7% Today” on June 01, 2018. More interesting news about Clean Energy Fuels Corp. (NASDAQ:CLNE) were released by: and their article: “Clean Energy Fuels Corp. Stock Surged 12% Today: Here’s The Bigger News” published on May 31, 2018 as well as‘s news article titled: “Short Sellers Mixed on Solar Stocks, but Are Betting Against Alt Energy” with publication date: June 12, 2018.

Clean Energy Fuels Corp. (NASDAQ:CLNE) Institutional Positions Chart

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