Clean Energy Fuels (NASDAQ:CLNE) Director Sells $338,250.00 in Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) Director Andrew Littlefair sold 165,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $2.05, for a total transaction of $338,250.00. Following the completion of the sale, the director owned 1,914,993 shares of the company’s stock, valued at $3,925,735.65. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Clean Energy Fuels Stock Up 2.0%

Shares of NASDAQ CLNE opened at $2.03 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.46 and a debt-to-equity ratio of 0.41. Clean Energy Fuels Corp. has a 52 week low of $1.69 and a 52 week high of $3.11. The firm has a 50-day moving average price of $2.26 and a 200 day moving average price of $2.29. The stock has a market capitalization of $447.07 million, a price-to-earnings ratio of -4.41 and a beta of 1.93.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $117.56 million during the quarter, compared to analysts’ expectations of $102.62 million. Clean Energy Fuels had a negative net margin of 22.68% and a negative return on equity of 14.04%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 earnings per share. Equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Clean Energy Fuels

A number of institutional investors have recently bought and sold shares of CLNE. NewEdge Advisors LLC grew its stake in Clean Energy Fuels by 1,419,900.0% during the second quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock worth $28,000 after buying an additional 14,199 shares during the period. BNP Paribas Financial Markets grew its stake in Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock worth $29,000 after buying an additional 5,254 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Clean Energy Fuels during the third quarter worth approximately $31,000. R Squared Ltd purchased a new stake in Clean Energy Fuels during the first quarter worth approximately $31,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Clean Energy Fuels during the fourth quarter worth approximately $31,000. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.48.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.