Clean Energy Fuels (NASDAQ:CLNE) CEO Barclay Corbus Buys 14,000 Shares

Clean Energy Fuels Corp. (NASDAQ:CLNE) CEO Barclay Corbus acquired 14,000 shares of Clean Energy Fuels stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $1.77 per share, for a total transaction of $24,780.00. Following the completion of the purchase, the chief executive officer directly owned 1,350,021 shares of the company’s stock, valued at approximately $2,389,537.17. The trade was a 1.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Clean Energy Fuels Trading Up 2.0%

Shares of CLNE traded up $0.04 during trading hours on Wednesday, hitting $1.76. The company had a trading volume of 1,261,403 shares, compared to its average volume of 1,309,117. Clean Energy Fuels Corp. has a 52-week low of $1.66 and a 52-week high of $3.11. The company has a quick ratio of 2.14, a current ratio of 2.46 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $2.09 and its 200 day moving average price is $2.24. The firm has a market cap of $388.71 million, a P/E ratio of -3.84 and a beta of 1.86.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Thursday, May 7th. The utilities provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $117.56 million during the quarter, compared to analysts’ expectations of $102.62 million. Clean Energy Fuels had a negative return on equity of 14.04% and a negative net margin of 22.68%.Clean Energy Fuels’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. On average, research analysts predict that Clean Energy Fuels Corp. will post -0.31 EPS for the current year.

Institutional Trading of Clean Energy Fuels

Several large investors have recently modified their holdings of the business. R Squared Ltd bought a new position in Clean Energy Fuels during the 1st quarter valued at approximately $31,000. NewEdge Advisors LLC increased its stake in shares of Clean Energy Fuels by 1,419,900.0% during the second quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock valued at $28,000 after buying an additional 14,199 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Clean Energy Fuels during the fourth quarter valued at approximately $31,000. BNP Paribas Financial Markets raised its holdings in shares of Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 5,254 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of Clean Energy Fuels by 43.9% during the fourth quarter. Mariner LLC now owns 16,641 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 5,075 shares in the last quarter. 49.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $2.48.

About Clean Energy Fuels

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.