Clean Energy Fuels Corp. (CLNE) Trading Down 5.9%
Clean Energy Fuels Corp. (NASDAQ:CLNE)’s share price fell 5.9% on Wednesday . The company traded as low as $4.26 and last traded at $4.34, with a volume of 2,347,513 shares trading hands. The stock had previously closed at $4.61.
A number of research firms have weighed in on CLNE. Zacks Investment Research lowered Clean Energy Fuels Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Dundee Securities reiterated a “buy” rating and set a $5.80 price objective on shares of Clean Energy Fuels Corp. in a research note on Wednesday, August 10th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Clean Energy Fuels Corp. currently has an average rating of “Buy” and a consensus target price of $5.20.
The firm’s market capitalization is $600.84 million. The firm’s 50-day moving average is $3.55 and its 200 day moving average is $3.22.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its earnings results on Tuesday, August 9th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.17. During the same period last year, the company earned ($0.29) EPS. The business earned $108 million during the quarter, compared to analysts’ expectations of $94.33 million. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. Equities research analysts forecast that Clean Energy Fuels Corp. will post ($0.17) earnings per share for the current year.
In related news, Director Stephen Scully acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was bought at an average price of $3.60 per share, for a total transaction of $36,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Barclay Corbus acquired 12,500 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was bought at an average price of $4.04 per share, with a total value of $50,500.00. Following the purchase, the senior vice president now directly owns 163,879 shares of the company’s stock, valued at $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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