Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland Acquires 10,000 Shares

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $1.83 per share, for a total transaction of $18,300.00. Following the purchase, the chief financial officer now directly owns 636,938 shares in the company, valued at $1,165,596.54. The trade was a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Clean Energy Fuels Price Performance

Shares of NASDAQ:CLNE opened at $1.84 on Friday. The business has a 50-day simple moving average of $2.84 and a two-hundred day simple moving average of $2.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The firm has a market cap of $410.32 million, a price-to-earnings ratio of -5.92 and a beta of 2.35. Clean Energy Fuels Corp. has a fifty-two week low of $1.80 and a fifty-two week high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $109.33 million for the quarter, compared to the consensus estimate 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 company earned $0.01 earnings per share. On average, analysts expect that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC purchased a new position in shares of Clean Energy Fuels in the fourth quarter worth $31,000. Balyasny Asset Management L.P. bought a new stake in Clean Energy Fuels in the 4th quarter valued at $31,000. Tower Research Capital LLC TRC lifted its stake in 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 worth $34,000 after purchasing an additional 4,894 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Clean Energy Fuels during the 4th quarter valued at about $40,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Clean Energy Fuels during the third quarter valued at about $41,000. 49.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLNE has been the topic of several analyst reports. StockNews.com downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Raymond James reiterated a “strong-buy” rating and issued a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th.

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.