Clean Energy Fuels Corp. (NASDAQ:CLNE) CEO Andrew J. Littlefair bought 43,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average cost of $2.29 per share, with a total value of $98,470.00. Following the completion of the purchase, the chief executive officer now directly owns 1,355,167 shares in the company, valued at $3,103,332.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Clean Energy Fuels Corp. (CLNE) opened at 2.36 on Wednesday. The company’s 50 day moving average price is $2.67 and its 200-day moving average price is $2.56. Clean Energy Fuels Corp. has a 12 month low of $2.18 and a 12 month high of $4.80. The firm has a market capitalization of $355.17 million, a P/E ratio of 6.80 and a beta of 1.87.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Clean Energy Fuels Corp. had a return on equity of 5.14% and a net margin of 7.24%. The business had revenue of $81 million for the quarter, compared to the consensus estimate of $86.97 million. During the same period in the prior year, the business earned $0.03 earnings per share. The business’s revenue was down 25.0% on a year-over-year basis.
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CLNE has been the subject of a number of recent research reports. Zacks Investment Research raised Clean Energy Fuels Corp. from a “hold” rating to a “strong-buy” rating and set a $3.00 target price for the company in a research note on Tuesday, May 9th. ValuEngine downgraded Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $4.95.
A number of institutional investors have recently added to or reduced their stakes in CLNE. Vanguard Group Inc. raised its position in Clean Energy Fuels Corp. by 8.2% in the first quarter. Vanguard Group Inc. now owns 9,626,214 shares of the utilities provider’s stock valued at $24,547,000 after buying an additional 728,727 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Clean Energy Fuels Corp. by 26.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,938,763 shares of the utilities provider’s stock valued at $12,594,000 after buying an additional 1,034,552 shares during the last quarter. State Street Corp raised its position in Clean Energy Fuels Corp. by 38.4% in the fourth quarter. State Street Corp now owns 3,968,696 shares of the utilities provider’s stock valued at $11,344,000 after buying an additional 1,100,253 shares during the last quarter. American Century Companies Inc. raised its position in Clean Energy Fuels Corp. by 35.4% in the first quarter. American Century Companies Inc. now owns 1,662,723 shares of the utilities provider’s stock valued at $4,240,000 after buying an additional 434,280 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Clean Energy Fuels Corp. by 11.2% in the first quarter. Teachers Advisors LLC now owns 897,022 shares of the utilities provider’s stock valued at $2,287,000 after buying an additional 90,696 shares during the last quarter. Hedge funds and other institutional investors own 33.38% of the company’s stock.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.
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