Robert M. Vreeland Buys 15,000 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland acquired 15,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the purchase, the chief financial officer now owns 458,800 shares in the company, valued at approximately $890,072. This trade represents a 3.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Clean Energy Fuels Trading Up 4.4 %

Shares of CLNE opened at $2.02 on Friday. Clean Energy Fuels Corp. has a 52-week low of $1.81 and a 52-week high of $3.67. The business’s fifty day moving average is $2.91 and its 200-day moving average is $2.93. 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 $451.38 million, a price-to-earnings ratio of -6.52 and a beta of 2.18.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly 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 company 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 company posted $0.01 EPS. Equities analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Clean Energy Fuels

A number of hedge funds and other institutional investors have recently bought and sold shares of CLNE. Two Sigma Securities LLC bought a new stake in Clean Energy Fuels in the 4th quarter valued at about $31,000. Balyasny Asset Management L.P. bought a new stake in Clean Energy Fuels in the 4th quarter valued at about $31,000. Tower Research Capital LLC TRC increased its position 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 valued at $34,000 after buying an additional 4,894 shares in the last quarter. Cibc World Markets Corp bought a new stake in Clean Energy Fuels in the 4th quarter valued at about $40,000. Finally, Point72 DIFC Ltd bought a new stake in Clean Energy Fuels in the 3rd quarter valued at about $41,000. Institutional investors own 49.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CLNE. Raymond James restated a “strong-buy” rating and set a $4.00 price objective (down previously from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday. StockNews.com lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.