Clean Energy Fuels Corp. (NASDAQ:CLNE)’s share price hit a new 52-week low on Friday following a dissappointing earnings announcement. The company traded as low as $2.03 and last traded at $0.00, with a volume of shares traded. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.49). Clean Energy Fuels Corp. had a negative return on equity of 10.17% and a negative net margin of 15.47%. The business had revenue of $81.80 million for the quarter, compared to analyst estimates of $85.43 million. During the same quarter last year, the business earned ($0.08) EPS. Clean Energy Fuels Corp.’s revenue for the quarter was down 15.7% compared to the same quarter last year.

Several research analysts recently weighed in on the company. BidaskClub lowered Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

In other news, CEO Andrew J. Littlefair bought 43,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $2.29 per share, with a total value of $98,470.00. Following the transaction, the chief executive officer now owns 1,355,167 shares of the company’s stock, valued at approximately $3,103,332.43. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert M. Vreeland acquired 11,500 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $2.32 per share, for a total transaction of $26,680.00. Following the completion of the transaction, the chief financial officer now directly owns 170,654 shares of the company’s stock, valued at $395,917.28. The disclosure for this purchase can be found here. Insiders purchased a total of 64,500 shares of company stock worth $148,050 over the last ninety days. Corporate insiders own 26.69% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CLNE. Bank of New York Mellon Corp raised its position in Clean Energy Fuels Corp. by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 606,353 shares of the utilities provider’s stock valued at $1,547,000 after purchasing an additional 53,552 shares during the period. JPMorgan Chase & Co. purchased a new position in Clean Energy Fuels Corp. in the first quarter valued at about $189,000. American International Group Inc. raised its position in Clean Energy Fuels Corp. by 7.7% in the first quarter. American International Group Inc. now owns 54,273 shares of the utilities provider’s stock valued at $138,000 after purchasing an additional 3,864 shares during the period. Teachers Advisors LLC raised its position in Clean Energy Fuels Corp. by 11.2% in the first quarter. Teachers Advisors LLC now owns 897,022 shares of the utilities provider’s stock valued at $2,287,000 after purchasing an additional 90,696 shares during the period. Finally, Vanguard Group Inc. raised its position in Clean Energy Fuels Corp. by 8.2% in the first quarter. Vanguard Group Inc. now owns 9,626,214 shares of the utilities provider’s stock valued at $24,547,000 after purchasing an additional 728,727 shares during the period. 34.47% of the stock is currently owned by institutional investors.

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Clean Energy Fuels Corp. Company Profile

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 and maintenance (O&M) services for natural gas fueling stations.

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