Insider Buying: Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Buys 10,000 Shares of Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) CFO Robert M. Vreeland acquired 10,000 shares of the firm's stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $1.67 per share, with a total value of $16,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 646,938 shares in the company, valued at approximately $1,080,386.46. This represents a 1.57 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Clean Energy Fuels Price Performance

Shares of CLNE stock traded down $0.12 during mid-day trading on Friday, hitting $1.62. The company had a trading volume of 2,502,081 shares, compared to its average volume of 1,945,552. The company has a market capitalization of $362.24 million, a P/E ratio of -5.23 and a beta of 2.35. The stock's 50 day moving average price is $2.53 and its 200-day moving average price is $2.75. Clean Energy Fuels Corp. has a 52-week low of $1.55 and a 52-week high of $3.67. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $109.33 million during the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same period last year, the firm posted $0.01 earnings per share. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

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Institutional Investors Weigh In On Clean Energy Fuels

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Securities LLC purchased a new position in Clean Energy Fuels in the 4th quarter worth about $31,000. Balyasny Asset Management L.P. bought a new stake in Clean Energy Fuels during the 4th quarter valued at $31,000. Tower Research Capital LLC TRC grew its position in shares of Clean Energy Fuels by 56.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock worth $34,000 after buying an additional 4,894 shares in the last quarter. Cibc World Markets Corp purchased a new position in shares of Clean Energy Fuels during the fourth quarter valued at $40,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Clean Energy Fuels in the third quarter valued at about $41,000. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CLNE. StockNews.com lowered shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Raymond James reaffirmed a "strong-buy" rating and set a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th.

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.