Clean Energy Fuels Corp (NASDAQ:CLNE) Director John S. Herrington purchased 140,000 shares of Clean Energy Fuels stock in a transaction dated Thursday, March 15th. The shares were bought at an average cost of $1.41 per share, for a total transaction of $197,400.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of CLNE stock opened at $1.58 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.33 and a debt-to-equity ratio of 0.27. Clean Energy Fuels Corp has a one year low of $1.31 and a one year high of $3.05. The stock has a market cap of $242.31, a PE ratio of -2.98 and a beta of 1.39.
Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Tuesday, March 13th. The utilities provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The business had revenue of $89.30 million for the quarter, compared to analyst estimates of $83.77 million. Clean Energy Fuels had a negative return on equity of 15.55% and a negative net margin of 23.20%. Clean Energy Fuels’s revenue was down 12.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. analysts anticipate that Clean Energy Fuels Corp will post -0.23 EPS for the current year.
Several equities analysts have recently commented on CLNE shares. Zacks Investment Research cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub cut shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLNE. Dimensional Fund Advisors LP raised its stake in Clean Energy Fuels by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 7,372,743 shares of the utilities provider’s stock worth $18,285,000 after acquiring an additional 1,091,669 shares during the period. State Street Corp raised its stake in Clean Energy Fuels by 32.3% during the second quarter. State Street Corp now owns 2,163,793 shares of the utilities provider’s stock worth $5,499,000 after acquiring an additional 528,761 shares during the period. Northern Trust Corp raised its stake in Clean Energy Fuels by 36.9% during the second quarter. Northern Trust Corp now owns 1,517,815 shares of the utilities provider’s stock worth $3,855,000 after acquiring an additional 409,351 shares during the period. Two Sigma Investments LP acquired a new stake in Clean Energy Fuels during the fourth quarter worth about $439,000. Finally, Wells Fargo & Company MN raised its stake in Clean Energy Fuels by 95.4% during the fourth quarter. Wells Fargo & Company MN now owns 387,078 shares of the utilities provider’s stock worth $786,000 after acquiring an additional 189,009 shares during the period. Hedge funds and other institutional investors own 33.53% of the company’s stock.
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About Clean Energy Fuels
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 and maintenance (O&M) services for natural gas fueling stations.
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