Clean Energy Fuels Corp Director Acquires $47,650 in Stock (CLNE)
Clean Energy Fuels Corp (NASDAQ:CLNE) Director James C. Miller III acquired 5,000 shares of the company’s 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, with a total value of $47,650.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Clean Energy Fuels Corp (NASDAQ:CLNE) traded up 0.30% during mid-day trading on Wednesday, hitting $9.92. 406,050 shares of the company’s stock traded hands. Clean Energy Fuels Corp has a 52-week low of $8.27 and a 52-week high of $14.05. The stock has a 50-day moving average of $10.25 and a 200-day moving average of $9.87. The company’s market cap is $891.6 million.
Clean Energy Fuels Corp (NASDAQ:CLNE) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.28) EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue 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 investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target 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.
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