TOT - Clean Energy Fuels discloses largest shareholder cut its stake

metamorworks/iStock via Getty Images Clean Energy Fuels ([[CLNE]] -12.8%) plunges on heavy volume in early trading after disclosing its largest shareholder, TotalEnergies ([[TOT]] +0.1%), reduced its stake by more than 10M shares. In a new SEC filing, Clean Energy said TotalEnergies owned 53.44M shares, or 26.7% of shares outstanding, compared with a separate filing on Monday where the company said Total owned 64.04M shares, or 32% of shares outstanding. Total remains Clean Energy's largest shareholder, with Dimensional Fund Advisor the second biggest owner with a 5.6% stake, according to FactSet data. Clean Energy also is feeling the sting of a disappointing quarterly report from peer FuelCell Energy, which posted a larger than expected loss and missed revenue estimates.

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Clean Energy Fuels discloses largest shareholder cut its stake