Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) CFO Robert M. Vreeland acquired 10,000 shares of Clean Energy Fuels stock in a transaction on Friday, March 21st. The shares were bought at an average price of $1.67 per share, with a total value of $16,700.00. Following the purchase, the chief financial officer now directly owns 646,938 shares in the company, valued at approximately $1,080,386.46. The trade was a 1.57 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Clean Energy Fuels Stock Performance
NASDAQ CLNE opened at $1.66 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a twelve month low of $1.62 and a twelve month high of $3.67. The stock has a 50-day moving average of $2.58 and a 200 day moving average of $2.77. The stock has a market capitalization of $371.18 million, a price-to-earnings ratio of -5.35 and a beta of 2.35.
Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. During the same quarter last year, the firm posted $0.01 EPS. Sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on CLNE shares. Raymond James reiterated a "strong-buy" rating and set a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. StockNews.com lowered shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th.
Check Out Our Latest Analysis on Clean Energy Fuels
Institutional Trading of Clean Energy Fuels
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Clean Energy Fuels in the 3rd quarter worth about $236,000. Intech Investment Management LLC purchased a new position in shares of Clean Energy Fuels in the third quarter valued at approximately $124,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Clean Energy Fuels by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,443,182 shares of the utilities provider's stock worth $4,488,000 after acquiring an additional 15,737 shares during the last quarter. FMR LLC increased its position in shares of Clean Energy Fuels by 14.8% during the third quarter. FMR LLC now owns 53,546 shares of the utilities provider's stock worth $167,000 after purchasing an additional 6,884 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Clean Energy Fuels by 167.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider's stock valued at $116,000 after purchasing an additional 23,301 shares during the last quarter. Hedge funds and other institutional investors own 49.94% of the company's stock.
Clean Energy Fuels Company Profile
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Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.
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