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

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

Clean Energy Fuels Stock Performance

CLNE opened at $2.01 on Wednesday. Clean Energy Fuels Corp. has a 52-week low of $1.69 and a 52-week high of $3.11. 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 company has a market cap of $441.56 million, a P/E ratio of -4.36 and a beta of 1.93. The firm’s 50-day moving average price is $2.27 and its 200-day moving average price is $2.30.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data 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. Clean Energy Fuels had a negative net margin of 22.68% and a negative return on equity of 14.04%. The firm had revenue of $117.56 million for the quarter, compared to the consensus estimate of $102.62 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Energy Fuels Corp. will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Clean Energy Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in Clean Energy Fuels by 765.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,457,876 shares of the utilities provider’s stock worth $6,341,000 after buying an additional 2,173,771 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Clean Energy Fuels by 2.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,851,464 shares of the utilities provider’s stock worth $30,577,000 after buying an additional 237,816 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Clean Energy Fuels by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 131,097 shares of the utilities provider’s stock worth $319,000 after buying an additional 13,491 shares during the period. Hsbc Holdings PLC increased its holdings in Clean Energy Fuels by 49.3% in the 1st quarter. Hsbc Holdings PLC now owns 450,278 shares of the utilities provider’s stock worth $1,126,000 after buying an additional 148,700 shares during the period. Finally, Leonteq Securities AG acquired a new position in Clean Energy Fuels in the 1st quarter worth approximately $236,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Analyst Ratings Changes

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

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.