Insider Buying: Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Acquires $18,300.00 in Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) CFO Robert M. Vreeland purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $1.83 per share, with a total value of $18,300.00. Following the transaction, the chief financial officer now directly owns 636,938 shares of the company's stock, valued at $1,165,596.54. The trade was a 1.60 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Clean Energy Fuels Stock Up 1.1 %

Shares of CLNE traded up $0.02 during mid-day trading on Monday, hitting $1.82. 2,638,600 shares of the company's stock were exchanged, compared to its average volume of 3,041,791. The stock has a market cap of $406.96 million, a price-to-earnings ratio of -5.87 and a beta of 2.35. The firm has a fifty day moving average of $2.83 and a two-hundred day moving average of $2.87. 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 $1.77 and a twelve month high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) 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. The company had revenue of $109.33 million for 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 quarter last year, the firm posted $0.01 earnings per share. On average, sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Raymond James reissued a "strong-buy" rating and issued a $4.00 price objective (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. StockNews.com lowered shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th.

Hedge Funds Weigh In On Clean Energy Fuels

Several large investors have recently made changes to their positions in the business. Two Sigma Securities LLC bought a new position in shares of Clean Energy Fuels during the 4th quarter worth about $31,000. Balyasny Asset Management L.P. bought a new position in Clean Energy Fuels in the fourth quarter worth $31,000. Tower Research Capital LLC TRC boosted its stake in Clean Energy Fuels by 56.3% during the fourth 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 bought a new stake in Clean Energy Fuels in the 4th quarter valued at $40,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Clean Energy Fuels in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 49.94% of the company's stock.

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.