Insider Buying: Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Purchases $16,700.00 in Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $1.67 per share, for a total transaction of $16,700.00. Following the acquisition, the chief financial officer now owns 646,938 shares in the company, valued at $1,080,386.46. This represents a 1.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Clean Energy Fuels Stock Performance

Shares of Clean Energy Fuels stock opened at $1.74 on Friday. The stock has a market cap of $389.07 million, a price-to-earnings ratio of -5.61 and a beta of 2.35. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a twelve month low of $1.55 and a twelve month high of $3.67. The company’s fifty day moving average is $2.53 and its 200 day moving average is $2.75.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The firm had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. During the same quarter in the previous year, the company posted $0.01 EPS. Sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Institutional Trading of Clean Energy Fuels

Several institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC bought a new position in Clean Energy Fuels during the 4th quarter worth approximately $31,000. Balyasny Asset Management L.P. bought a new position in Clean Energy Fuels during the fourth quarter worth $31,000. Tower Research Capital LLC TRC lifted its holdings in Clean Energy Fuels by 56.3% in the fourth 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 during the period. Cibc World Markets Corp acquired a new position in Clean Energy Fuels in the fourth quarter valued at $40,000. Finally, Point72 DIFC Ltd bought a new stake in Clean Energy Fuels during the third quarter valued at $41,000. 49.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

About Clean Energy Fuels

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.