Clean Energy Fuels Corp. (CLNE) Stock Price Down 5.9%
Clean Energy Fuels Corp. (NASDAQ:CLNE)’s share price dropped 5.9% during mid-day trading on Wednesday . The stock traded as low as $4.26 and last traded at $4.34, with a volume of 2,347,513 shares. The stock had previously closed at $4.61.
CLNE has been the topic of several research reports. Zacks Investment Research raised Clean Energy Fuels Corp. from a “hold” rating to a “strong-buy” rating and set a $3.50 target price on the stock in a research note on Monday, May 23rd. Dundee Securities restated a “buy” rating and set a $5.80 price target 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 issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $5.20.
The company’s market cap is $573.29 million. The firm has a 50 day moving average of $3.50 and a 200 day moving average of $3.20.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.17. The company had revenue of $108 million for the quarter, compared to analysts’ expectations of $94.33 million. The business’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.29) EPS. Analysts expect that Clean Energy Fuels Corp. will post ($0.17) earnings per share for the current year.
In other Clean Energy Fuels Corp. news, SVP Barclay Corbus acquired 12,500 shares of the 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 completion of the transaction, the senior vice president now directly owns 163,879 shares in the company, valued at $662,071.16. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew J. Littlefair acquired 27,400 shares of the stock in a transaction dated Tuesday, August 16th. The stock was acquired at an average cost of $3.64 per share, with a total value of $99,736.00. Following the transaction, the chief executive officer now owns 758,267 shares of the company’s stock, valued at $2,760,091.88. 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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