Clean Energy Fuels Corp. (CLNE) Trading 5.3% Higher
Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) traded up 5.3% 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 weighed in on the company. Zacks Investment Research upgraded Clean Energy Fuels Corp. from a “hold” rating to a “strong-buy” rating and set a $4.00 price objective for the company in a research report on Monday, August 15th. Dundee Securities restated a “buy” rating and set a $5.80 price objective on shares of Clean Energy Fuels Corp. in a research report on Wednesday, August 10th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $5.20.
The stock’s market capitalization is $599.53 million. The company’s 50 day moving average price is $3.58 and its 200 day moving average price is $3.23.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.17. During the same period last year, the firm earned ($0.29) EPS. The firm had revenue of $108 million for the quarter, compared to the consensus estimate of $94.33 million. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Equities analysts expect that Clean Energy Fuels Corp. will post ($0.17) EPS for the current fiscal year.
In other news, Director Boone Pickens sold 1,500,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $4.56, for a total value of $6,840,000.00. Following the completion of the sale, the director now owns 17,205,650 shares of the company’s stock, valued at approximately $78,457,764. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew J. Littlefair bought 27,400 shares of the stock in a transaction dated Tuesday, August 16th. The stock was bought at an average cost of $3.64 per share, with a total value of $99,736.00. Following the purchase, the chief executive officer now owns 758,267 shares in the company, valued at approximately $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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