Clean Energy Fuels (NASDAQ:CLNE) Director Sells $338,250.00 in Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) Director Andrew Littlefair sold 165,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $2.05, for a total transaction of $338,250.00. Following the completion of the sale, the director directly owned 1,914,993 shares of the company’s stock, valued at approximately $3,925,735.65. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clean Energy Fuels Stock Down 1.7%

NASDAQ:CLNE traded down $0.04 during mid-day trading on Tuesday, reaching $2.01. The company’s stock had a trading volume of 993,771 shares, compared to its average volume of 1,315,811. The company has a quick ratio of 2.14, a current ratio of 2.46 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $441.56 million, a PE ratio of -4.36 and a beta of 1.93. The stock has a fifty day moving average of $2.28 and a 200-day moving average of $2.31. Clean Energy Fuels Corp. has a 1 year low of $1.69 and a 1 year high of $3.11.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Thursday, May 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $117.56 million for the quarter, compared to analysts’ expectations of $102.62 million. Clean Energy Fuels had a negative return on equity of 14.04% and a negative net margin of 22.68%.The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.32 earnings per share for the current year.

Hedge Funds Weigh In On Clean Energy Fuels

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Clean Energy Fuels by 14.3% in the 1st quarter. Bank of America Corp DE now owns 351,180 shares of the utilities provider’s stock valued at $871,000 after purchasing an additional 43,940 shares during the last quarter. Amundi increased its holdings in Clean Energy Fuels by 25.2% in the 1st quarter. Amundi now owns 95,723 shares of the utilities provider’s stock worth $237,000 after buying an additional 19,250 shares during the period. Empowered Funds LLC increased its holdings in Clean Energy Fuels by 7.0% in the 1st quarter. Empowered Funds LLC now owns 1,075,824 shares of the utilities provider’s stock worth $2,668,000 after buying an additional 70,187 shares during the period. Renaissance Technologies LLC increased its holdings in Clean Energy Fuels by 10.5% in the 1st quarter. Renaissance Technologies LLC now owns 1,033,295 shares of the utilities provider’s stock worth $2,563,000 after buying an additional 97,900 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Clean Energy Fuels in the 1st quarter worth approximately $3,160,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.48.

About Clean Energy Fuels

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.