Clean Energy Fuels Corp. (CLNE) Receiving Somewhat Positive Media Coverage, Study Shows
News headlines about Clean Energy Fuels Corp. (NASDAQ:CLNE) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Clean Energy Fuels Corp. earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.4710552616174 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Clean Energy Fuels Corp. (CLNE) traded down 0.636% during mid-day trading on Wednesday, hitting $2.345. 667,504 shares of the company were exchanged. The company has a 50 day moving average of $2.44 and a 200 day moving average of $2.49. Clean Energy Fuels Corp. has a 12-month low of $2.18 and a 12-month high of $4.44. The stock has a market cap of $353.89 million, a P/E ratio of 12.745 and a beta of 1.91.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $81.00 million for the quarter, compared to the consensus estimate of $86.97 million. Clean Energy Fuels Corp. had a net margin of 7.24% and a return on equity of 5.14%. Clean Energy Fuels Corp.’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. On average, equities research analysts expect that Clean Energy Fuels Corp. will post $0.04 earnings per share for the current fiscal year.
A number of analysts recently commented on CLNE shares. BidaskClub upgraded shares of Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Monday, July 17th.
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In other news, CFO Robert M. Vreeland purchased 11,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $2.32 per share, for a total transaction of $26,680.00. Following the transaction, the chief financial officer now directly owns 170,654 shares of the company’s stock, valued at approximately $395,917.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew J. Littlefair purchased 43,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of $2.29 per share, for a total transaction of $98,470.00. Following the completion of the transaction, the chief executive officer now directly owns 1,355,167 shares in the company, valued at $3,103,332.43. 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 quarter. 26.69% of the stock is currently owned by corporate insiders.
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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