Clean Energy Fuels (NASDAQ:CLNE) CEO Barclay Corbus Purchases 14,000 Shares of Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) CEO Barclay Corbus purchased 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of $1.77 per share, with a total value of $24,780.00. Following the purchase, the chief executive officer owned 1,350,021 shares of the company’s stock, valued at approximately $2,389,537.17. The trade was a 1.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Clean Energy Fuels Trading Down 0.3%

CLNE opened at $1.73 on Thursday. Clean Energy Fuels Corp. has a 12-month low of $1.66 and a 12-month high of $3.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.46 and a quick ratio of 2.14. The stock has a market capitalization of $379.90 million, a PE ratio of -3.75 and a beta of 1.86. The firm’s fifty day moving average price is $2.08 and its 200 day moving average price is $2.23.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Thursday, May 7th. The utilities provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $117.56 million during the quarter, compared to the consensus estimate 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 company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 EPS. As a group, research analysts expect that Clean Energy Fuels Corp. will post -0.31 EPS for the current fiscal year.

Institutional Trading of Clean Energy Fuels

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in shares of Clean Energy Fuels by 1,419,900.0% in the 2nd 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 last quarter. BNP Paribas Financial Markets grew its position in shares of Clean Energy Fuels by 54.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after buying an additional 5,254 shares during the last quarter. R Squared Ltd acquired a new stake in Clean Energy Fuels during the first quarter worth about $31,000. Mercer Global Advisors Inc. ADV acquired a new stake in Clean Energy Fuels during the fourth quarter worth about $31,000. Finally, CWM LLC lifted its holdings in Clean Energy Fuels by 40.3% in the fourth quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 4,791 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.