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

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $1.83 per share, with a total value of $18,300.00. Following the completion of the acquisition, the chief financial officer now owns 636,938 shares of the company’s stock, valued at $1,165,596.54. This represents a 1.60 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Clean Energy Fuels Stock Performance

NASDAQ:CLNE opened at $1.84 on Friday. The firm has a market capitalization of $410.32 million, a PE ratio of -5.92 and a beta of 2.35. The stock’s fifty day moving average is $2.84 and its 200 day moving average is $2.89. Clean Energy Fuels Corp. has a fifty-two week low of $1.80 and a fifty-two week high of $3.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06.

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

Analyst Ratings Changes

Several equities analysts have commented on CLNE shares. Raymond James reiterated 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 report on Tuesday, February 25th. StockNews.com downgraded shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th.

Institutional Trading of Clean Energy Fuels

Institutional investors have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC grew its stake in shares of Clean Energy Fuels by 1,635.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider’s stock valued at $1,829,000 after buying an additional 692,318 shares during the last quarter. JPMorgan Chase & Co. grew its position in Clean Energy Fuels by 309.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock valued at $2,271,000 after acquiring an additional 551,896 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Clean Energy Fuels by 56.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock worth $3,117,000 after purchasing an additional 450,143 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Clean Energy Fuels in the fourth quarter worth $870,000. Finally, Millennium Management LLC lifted its position in shares of Clean Energy Fuels by 41.2% during the fourth quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock worth $2,886,000 after purchasing an additional 335,694 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

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.