Robert M. Vreeland Purchases 10,000 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) Stock

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

Clean Energy Fuels Stock Down 5.4 %

CLNE opened at $1.57 on Thursday. The company has a fifty day moving average of $2.55 and a two-hundred day moving average of $2.76. The stock has a market capitalization of $351.06 million, a price-to-earnings ratio of -5.06 and a beta of 2.35. Clean Energy Fuels Corp. has a fifty-two week low of $1.55 and a fifty-two week high of $3.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 7.59% and a negative net margin of 17.32%. During the same quarter in the previous year, the business earned $0.01 EPS. On average, research analysts expect that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Coppell Advisory Solutions LLC increased its holdings in Clean Energy Fuels by 1,635.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider’s stock worth $1,829,000 after acquiring an additional 692,318 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Clean Energy Fuels by 309.5% during the third quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock worth $2,271,000 after purchasing an additional 551,896 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Clean Energy Fuels by 56.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock worth $3,117,000 after purchasing an additional 450,143 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Clean Energy Fuels in the 4th quarter valued at about $870,000. Finally, Millennium Management LLC boosted its holdings in Clean Energy Fuels by 41.2% in the 4th quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock worth $2,886,000 after buying an additional 335,694 shares during the last quarter. 49.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLNE. Raymond James reiterated a “strong-buy” rating and set a $4.00 price objective (down previously from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

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.