Clean Energy Fuels (NASDAQ:CLNE) CEO Buys $24,780.00 in Stock

Clean Energy Fuels Corp. (NASDAQ:CLNEGet Free Report) CEO Barclay Corbus bought 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $1.77 per share, with a total value of $24,780.00. Following the transaction, the chief executive officer directly owned 1,350,021 shares in the company, valued at $2,389,537.17. This trade represents a 1.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Clean Energy Fuels Price Performance

Shares of CLNE stock opened at $1.87 on Friday. The stock’s fifty day simple moving average is $2.06 and its 200 day simple moving average is $2.23. Clean Energy Fuels Corp. has a one year low of $1.66 and a one year high of $3.11. The firm has a market cap of $411.83 million, a price-to-earnings ratio of -4.07 and a beta of 1.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.46 and a quick ratio of 2.14.

Clean Energy Fuels (NASDAQ:CLNEGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Clean Energy Fuels had a negative return on equity of 14.04% and a negative net margin of 22.68%.The firm had revenue of $117.56 million during the quarter, compared to analyst estimates of $102.62 million. During the same period in the prior year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that Clean Energy Fuels Corp. will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clean Energy Fuels

A number of large investors have recently bought and sold shares of the business. CWM LLC raised its position in Clean Energy Fuels by 40.3% in the 4th quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 4,791 shares during the last quarter. Connors Investor Services Inc. boosted its stake in Clean Energy Fuels by 7.7% in the fourth quarter. Connors Investor Services Inc. now owns 70,000 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 5,000 shares in the last quarter. Mariner LLC grew its holdings in shares of Clean Energy Fuels by 43.9% during the fourth quarter. Mariner LLC now owns 16,641 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 5,075 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 5,254 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Clean Energy Fuels by 2.2% in the second quarter. Rhumbline Advisers now owns 270,664 shares of the utilities provider’s stock valued at $528,000 after buying an additional 5,933 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Monday, April 20th. One equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.48.

View Our Latest Analysis 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.

See Also

Receive News & Ratings for Clean Energy Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Energy Fuels and related companies with MarketBeat.com's FREE daily email newsletter.