Insider Selling: Clean Energy Fuels (NASDAQ:CLNE) Director Sells 165,000 Shares of Stock

Clean Energy Fuels Corp. (NASDAQ:CLNEGet Free Report) Director Andrew Littlefair sold 165,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $2.05, for a total transaction of $338,250.00. Following the completion of the transaction, the director owned 1,914,993 shares in the company, valued at approximately $3,925,735.65. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Clean Energy Fuels Stock Performance

Shares of NASDAQ:CLNE traded down $0.04 during trading on Tuesday, hitting $2.01. 993,771 shares of the stock traded hands, compared to its average volume of 1,315,811. 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 company has a market cap of $441.56 million, a price-to-earnings ratio of -4.36 and a beta of 1.93. The company has a fifty day moving average price of $2.28 and a two-hundred day moving average price of $2.31. Clean Energy Fuels Corp. has a 52-week low of $1.69 and a 52-week high of $3.11.

Clean Energy Fuels (NASDAQ:CLNEGet Free Report) last posted 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 firm had revenue of $117.56 million during the quarter, compared to analyst estimates of $102.62 million. Clean Energy Fuels had a negative net margin of 22.68% and a negative return on equity of 14.04%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. As a group, equities analysts predict that Clean Energy Fuels Corp. will post -0.32 EPS for the current year.

Institutional Investors Weigh In On Clean Energy Fuels

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Clean Energy Fuels by 765.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,457,876 shares of the utilities provider’s stock worth $6,341,000 after purchasing an additional 2,173,771 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Clean Energy Fuels by 2.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,851,464 shares of the utilities provider’s stock worth $30,577,000 after purchasing an additional 237,816 shares during the last quarter. Diversified Trust Co. acquired a new stake in Clean Energy Fuels during the 4th quarter worth $49,000. Connors Investor Services Inc. acquired a new stake in Clean Energy Fuels during the 3rd quarter worth $168,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Clean Energy Fuels during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.48.

View Our Latest Report on Clean Energy Fuels

Clean Energy Fuels Company Profile

(Get Free Report)

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.

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