Andrew Littlefair Sells 165,000 Shares of Clean Energy Fuels (NASDAQ:CLNE) Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) Director Andrew Littlefair sold 165,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $2.05, for a total value of $338,250.00. Following the completion of the sale, the director directly owned 1,914,993 shares in the company, valued at $3,925,735.65. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Clean Energy Fuels Stock Down 0.5%

CLNE stock opened at $1.99 on Thursday. Clean Energy Fuels Corp. has a 1-year low of $1.69 and a 1-year high of $3.11. The business has a fifty day moving average price of $2.27 and a 200-day moving average price of $2.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.46 and a quick ratio of 2.14. The stock has a market capitalization of $438.26 million, a P/E ratio of -4.33 and a beta of 1.93.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Clean Energy Fuels in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.48.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in Clean Energy Fuels by 1,419,900.0% during the second quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 14,199 shares during the last quarter. BNP Paribas Financial Markets increased its position in Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 5,254 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Clean Energy Fuels during the third quarter valued at $31,000. R Squared Ltd purchased a new stake in Clean Energy Fuels during the first quarter valued at $31,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Clean Energy Fuels during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Company Profile

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.