SCHEDULE 13G/A: BlackRock Amends Schedule 13G, Disclosing 6.6% Passive Stake in Clean Energy Fuels Corp

BlackRock, Inc. has filed an Amendment No. 4 to its Schedule 13G, confirming a 6.6% passive beneficial ownership in Clean Energy Fuels Corp as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 14,715,639 shares of Clean Energy Fuels Corp common stock.
• This ownership represents 6.6% of the total outstanding common stock of Clean Energy Fuels Corp.
• BlackRock holds sole voting power over 14,376,363 shares and sole dispositive power over 14,715,639 shares.
• The filing is an Amendment No. 4 to a previously filed Schedule 13G, indicating an update to their ownership position.
• BlackRock certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine Schedule 13G filing, disclosing a passive ownership stake by BlackRock, Inc. It does not contain information that would significantly alter the perceived value or risk of the issuer, Clean Energy Fuels Corp, beyond the confirmation of a large institutional holding.

Positives

• The disclosure confirms a significant 6.6% stake held by BlackRock, Inc., a major institutional investor, which may be viewed by some as a vote of confidence in Clean Energy Fuels Corp.

Negatives

• The filing is a routine disclosure of passive ownership and does not contain information regarding negative operational or financial performance of Clean Energy Fuels Corp.

Risks

• The document, a Schedule 13G, is a beneficial ownership report and does not detail specific risks related to Clean Energy Fuels Corp's operations or financial performance.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Clean Energy Fuels Corp's future outlook.

Management Comments

• BlackRock, Inc. certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide broader industry context or trends for the clean energy fuels sector.

Comparison to Industry Standards

• This Schedule 13G filing is a disclosure of beneficial ownership and does not contain information suitable for comparison to industry standards or specific comparable companies/projects.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially influencing market perception.
• Management: Confirms a large, passive institutional shareholder, which typically implies less direct involvement in corporate governance decisions compared to an activist investor.

Next Steps

• BlackRock, Inc. will file further amendments to this Schedule 13G as required by SEC regulations if its beneficial ownership percentage changes significantly.

Key Dates

Keywords

Clean Energy Fuels Corp, BlackRock, Schedule 13G, beneficial ownership, common stock, institutional investor, passive investment, SEC filing