BlackRock Amends Clean Energy Fuels Stake, Signals Continued Confidence
Ticker: CLNE · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1368265
| Field | Detail |
|---|---|
| Company | Clean Energy Fuels Corp. (CLNE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns Clean Energy Fuels stock, good sign for stability.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Clean Energy Fuels Corp. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows BlackRock's continued significant, passive investment in Clean Energy Fuels. For investors, this signals that a major institutional player maintains confidence in the company, which can be a positive indicator for stock stability and long-term prospects.
Why It Matters
This filing confirms BlackRock, a massive institutional investor, still holds a significant position in Clean Energy Fuels, suggesting their ongoing belief in the company's value.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative risks for the company.
Analyst Insight
Investors should view this as a routine update confirming institutional interest, rather than a signal for immediate action. It reinforces the idea that Clean Energy Fuels is on the radar of major funds.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Clean Energy Fuels Corp. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- 184499101 (number) — the CUSIP number for Clean Energy Fuels Corp. Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Clean Energy Fuels Corp. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 2' in the filing.
Which company is the 'subject company' in this filing?
The subject company is Clean Energy Fuels Corp., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Clean Energy Fuels Corp.'.
Who is the 'filed by' entity in this document?
The entity that filed this document is BlackRock Inc., as specified under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as explicitly stated in the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule filed?
This Schedule was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Clean Energy Fuels Corp. (CLNE).