Clean Energy Fuels Corp. (CLNE) Trading 5.3% Higher
Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) traded up 5.3% during mid-day trading on Thursday . The stock traded as high as $4.80 and last traded at $4.60, with a volume of 3,402,671 shares traded. The stock had previously closed at $4.37.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research report on Friday, July 8th. Dundee Securities reiterated a “buy” rating and set a $5.80 target price on shares of Clean Energy Fuels Corp. in a research report on Wednesday, August 10th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $5.20.
The firm’s 50-day moving average is $3.52 and its 200-day moving average is $3.21. The stock’s market capitalization is $604.78 million.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last announced its earnings results on Tuesday, August 9th. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.17. The business had revenue of $108 million for the quarter, compared to analysts’ expectations of $94.33 million. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) earnings per share. On average, equities analysts expect that Clean Energy Fuels Corp. will post ($0.17) earnings per share for the current fiscal year.
In other news, CEO Andrew J. Littlefair purchased 27,400 shares of the stock in a transaction on Tuesday, August 16th. The stock was bought at an average price 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 in the company, valued at approximately $2,760,091.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen Scully purchased 10,000 shares of the stock in a transaction on Monday, August 15th. The shares were purchased at an average cost of $3.60 per share, with a total value 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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