Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland Purchases 15,000 Shares

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland purchased 15,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $1.94 per share, for a total transaction of $29,100.00. Following the completion of the transaction, the chief financial officer now owns 458,800 shares of the company’s stock, valued at $890,072. The trade was a 3.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clean Energy Fuels Price Performance

CLNE traded down $0.09 on Wednesday, reaching $1.94. The stock had a trading volume of 5,054,875 shares, compared to its average volume of 3,106,553. 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 fifty-two week low of $1.81 and a fifty-two week high of $3.67. The firm has a 50-day moving average of $2.93 and a 200-day moving average of $2.94. The company has a market capitalization of $432.39 million, a price-to-earnings ratio of -6.24 and a beta of 2.18.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The business had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same quarter in the previous year, the business earned $0.01 earnings per share. As a group, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Hedge Funds Weigh In On Clean Energy Fuels

A number of hedge funds have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. purchased a new position in Clean Energy Fuels in the fourth quarter worth $31,000. Two Sigma Securities LLC bought a new position in shares of Clean Energy Fuels in the fourth quarter worth approximately $31,000. Point72 DIFC Ltd purchased a new stake in Clean Energy Fuels during the third quarter valued at about $41,000. Tower Research Capital LLC TRC boosted its stake in shares of Clean Energy Fuels by 56.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 4,894 shares in the last quarter. Finally, Zacks Investment Management bought a new position in shares of Clean Energy Fuels during the third quarter valued at about $42,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Raymond James reaffirmed a “strong-buy” rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday. StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th.

Clean Energy Fuels Company Profile

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.