Clean Energy Fuels Corp. (CLNE) Short Interest Update
Clean Energy Fuels Corp. (NASDAQ:CLNE) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 10,558,029 shares, an increase of 16.7% from the September 15th total of 9,048,306 shares. Approximately 9.8% of the shares of the company are short sold. Based on an average daily volume of 2,144,694 shares, the short-interest ratio is currently 4.9 days.
In other Clean Energy Fuels Corp. news, CEO Andrew J. Littlefair acquired 27,400 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was bought at an average price of $3.64 per share, for a total transaction of $99,736.00. Following the purchase, the chief executive officer now owns 758,267 shares in the company, valued at approximately $2,760,091.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Barclay Corbus acquired 12,500 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average price of $4.04 per share, with a total value of $50,500.00. Following the purchase, the senior vice president now owns 163,879 shares in the company, valued at approximately $662,071.16. The disclosure for this purchase can be found here. 26.69% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Clean Energy Fuels Corp. by 2.5% in the first quarter. Geode Capital Management LLC now owns 521,001 shares of the company’s stock worth $1,526,000 after buying an additional 12,916 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Clean Energy Fuels Corp. during the first quarter worth about $996,000. Metropolitan Life Insurance Co. NY boosted its position in Clean Energy Fuels Corp. by 30.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 71,628 shares of the company’s stock worth $210,000 after buying an additional 16,678 shares during the last quarter. Creative Planning boosted its position in Clean Energy Fuels Corp. by 61.5% in the second quarter. Creative Planning now owns 66,423 shares of the company’s stock worth $230,000 after buying an additional 25,300 shares during the last quarter. Finally, First Quadrant L P CA acquired a new position in Clean Energy Fuels Corp. during the second quarter worth about $273,000. Hedge funds and other institutional investors own 25.85% of the company’s stock.
CLNE has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. Rodman & Renshaw restated a “buy” rating and issued a $6.30 price objective (up previously from $5.00) on shares of Clean Energy Fuels Corp. in a research note on Friday, September 23rd. Finally, Dundee Securities restated a “buy” rating and issued a $5.80 price objective on shares of Clean Energy Fuels Corp. in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $5.42.
Clean Energy Fuels Corp. (NASDAQ:CLNE) opened at 4.28 on Friday. The firm’s 50-day moving average is $4.44 and its 200-day moving average is $3.54. Clean Energy Fuels Corp. has a 52-week low of $2.15 and a 52-week high of $6.33. The company’s market capitalization is $561.48 million.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.17. The firm had revenue of $108 million for the quarter, compared to analysts’ expectations of $94.33 million. Clean Energy Fuels Corp. had a negative return on equity of 3.84% and a negative net margin of 16.56%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.29) EPS. On average, equities research analysts forecast that Clean Energy Fuels Corp. will post ($0.17) EPS for the current year.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation, repair and maintenance (O&M) services for vehicle fleet customer stations.
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