Clean Energy Fuels Corp. (CLNE) Shares Up 3.6%
Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) shot up 3.6% on Thursday . The company traded as high as $4.40 and last traded at $4.36, with a volume of 1,257,725 shares. The stock had previously closed at $4.21.
A number of research firms have recently weighed in on CLNE. Zacks Investment Research upgraded shares of Clean Energy Fuels Corp. from a “hold” rating to a “strong-buy” rating and set a $4.00 target price on the stock in a report on Monday, August 15th. Dundee Securities restated a “buy” rating and issued a $5.80 target price on shares of Clean Energy Fuels Corp. in a report on Wednesday, August 10th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.20.
The stock’s market cap is $571.98 million. The company’s 50-day moving average is $3.44 and its 200 day moving average is $3.16.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.17. During the same quarter in the prior year, the business posted ($0.29) EPS. The firm had revenue of $108 million for the quarter, compared to analyst estimates of $94.33 million. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. Analysts predict that Clean Energy Fuels Corp. will post ($0.17) earnings per share for the current fiscal year.
In related news, SVP Barclay Corbus acquired 12,500 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were acquired at an average cost of $4.04 per share, with a total value of $50,500.00. Following the completion of the acquisition, the senior vice president now directly owns 163,879 shares in the company, valued at approximately $662,071.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen Scully acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $36,000.00. The disclosure for this purchase can be found here.
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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