Clean Energy Fuels Corp. (CLNE) Trading 3.6% Higher
Clean Energy Fuels Corp. (NASDAQ:CLNE)’s share price traded up 3.6% during mid-day trading 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 equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Wednesday, April 27th. Dundee Securities reaffirmed a “buy” rating and set a $5.80 price objective on shares of Clean Energy Fuels Corp. in a report on Wednesday, August 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $5.20.
The firm has a 50-day moving average price of $3.39 and a 200 day moving average price of $3.13. The company’s market cap is $569.36 million.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.17. The business earned $108 million during the quarter, compared to analysts’ expectations of $94.33 million. The business’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.29) EPS. On average, analysts predict that Clean Energy Fuels Corp. will post ($0.17) earnings per share for the current fiscal year.
In other news, CEO Andrew J. Littlefair acquired 27,400 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average price of $3.64 per share, for a total transaction of $99,736.00. Following the completion of the acquisition, the chief executive officer now owns 758,267 shares in the company, valued at $2,760,091.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Barclay Corbus acquired 12,500 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was purchased at an average price of $4.04 per share, with a total value of $50,500.00. Following the acquisition, the senior vice president now owns 163,879 shares of the company’s stock, valued at approximately $662,071.16. 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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