Insider Selling: Clean Energy Fuels Corp. (NASDAQ:CLNE) COO Sells 8,140 Shares of Stock

Clean Energy Fuels Corp. (NASDAQ:CLNEGet Rating) COO Mitchell W. Pratt sold 8,140 shares of Clean Energy Fuels stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $5.57, for a total transaction of $45,339.80. Following the transaction, the chief operating officer now owns 854,313 shares in the company, valued at approximately $4,758,523.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Clean Energy Fuels Price Performance

NASDAQ CLNE traded down $0.05 on Tuesday, reaching $5.73. The company had a trading volume of 1,947,177 shares, compared to its average volume of 1,790,732. The firm’s 50 day moving average price is $5.84 and its 200 day moving average price is $6.16. Clean Energy Fuels Corp. has a 12 month low of $4.02 and a 12 month high of $8.65. The company has a quick ratio of 2.38, a current ratio of 2.65 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.27 billion, a PE ratio of -26.05 and a beta of 2.13.

Clean Energy Fuels (NASDAQ:CLNEGet Rating) last posted its earnings results on Tuesday, November 8th. The utilities provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Clean Energy Fuels had a negative net margin of 12.24% and a negative return on equity of 5.42%. The firm had revenue of $125.69 million for the quarter, compared to the consensus estimate of $108.79 million. As a group, equities analysts predict that Clean Energy Fuels Corp. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CLNE shares. Jefferies Financial Group started coverage on shares of Clean Energy Fuels in a research note on Tuesday, October 18th. They set a “buy” rating and a $9.00 target price on the stock. UBS Group started coverage on shares of Clean Energy Fuels in a research note on Tuesday, December 13th. They set a “buy” rating and a $12.00 target price on the stock. Finally, StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.93.

Institutional Trading of Clean Energy Fuels

A number of large investors have recently made changes to their positions in the business. Counterpoint Mutual Funds LLC increased its holdings in shares of Clean Energy Fuels by 57.0% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 28,882 shares of the utilities provider’s stock worth $150,000 after buying an additional 10,487 shares during the last quarter. Gill Capital Partners LLC bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth about $62,000. Bank of New York Mellon Corp increased its holdings in shares of Clean Energy Fuels by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 642,019 shares of the utilities provider’s stock worth $3,429,000 after buying an additional 69,604 shares during the last quarter. Bridgefront Capital LLC bought a new stake in shares of Clean Energy Fuels in the 3rd quarter worth about $299,000. Finally, Baird Financial Group Inc. increased its holdings in shares of Clean Energy Fuels by 2.7% in the 3rd quarter. Baird Financial Group Inc. now owns 582,732 shares of the utilities provider’s stock worth $3,112,000 after buying an additional 15,563 shares during the last quarter. 46.43% of the stock is currently owned by institutional investors.

About Clean Energy Fuels

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Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.

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