Insider Buying: Clean Energy Fuels Corp Director Buys 5,000 Shares of Stock (CLNE)
Clean Energy Fuels Corp (NASDAQ:CLNE) Director James C. Miller III bought 5,000 shares of Clean Energy Fuels Corp stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average price of $9.53 per share, for a total transaction of $47,650.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Clean Energy Fuels Corp (NASDAQ:CLNE) traded up 1.58% during mid-day trading on Monday, hitting $9.62. 580,202 shares of the company’s stock traded hands. Clean Energy Fuels Corp has a one year low of $8.27 and a one year high of $14.05. The stock’s 50-day moving average is $10.36 and its 200-day moving average is $9.92. The company’s market cap is $864.7 million.
Clean Energy Fuels Corp (NASDAQ:CLNE) last announced its earnings results on Thursday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.28). The company had revenue of $98.10 million for the quarter, compared to the consensus estimate of $93.53 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that Clean Energy Fuels Corp will post $-1.14 earnings per share for the current fiscal year.
Separately, analysts at Morgan Stanley initiated coverage on shares of Clean Energy Fuels Corp in a research note on Thursday, May 29th. They set an “overweight” rating and a $14.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Clean Energy Fuels Corp presently has a consensus rating of “Hold” and an average target price of $10.50.
Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, based on the number of stations operated and the amount of gasoline gallon equivalents of compressed natural gas (NASDAQ:CLNE), and liquefied natural gas (LNG), delivered.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.