9.4 C
New York
Sunday, December 3, 2023

This Is Too Hot For Clean Energy Fuels Corp (NASDAQ: CLNE), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Clean Energy Fuels Corp (CLNE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.52%, to $3.84. The Clean Energy Fuels Corp has recorded 105,515 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Clean Energy’s First Renewable Natural Gas Facility Begins to Sell Environmental Credits.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.

Sponsored

Stocks Info

As a NASDAQ listed company, CLNE falls under the Energy sector while operating within the Oil & Gas Refining & Marketing industry segment. The current market capitalization of Clean Energy Fuels Corp is $860.66M. A total of 1.97 million shares were traded on the day, compared to an average of 1.76M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CLNE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 12 SELLs from insiders. Insiders purchased 118,461 shares during that period but sold 305,988.

In the most recent transaction, Corbus Barclay sold 5,643 shares of CLNE for 5.69 per share on Feb 27. After the transaction, the SVP, STRATEGIC DEVELOPMENT now owns 624,458 company shares. In a previous transaction on Jan 23, Corbus Barclay sold 11,286 shares at 5.49 per share. CLNE shares that SVP, STRATEGIC DEVELOPMENT owns now total 630,101.

Among the insiders who sold shares, Pratt Mitchell W disposed of 8,140 shares on Jan 23 at a per-share price of $5.57. This resulted in the COO AND SECRETARY holding 854,313 shares of CLNE after the transaction. In another insider transaction, Littlefair Andrew J sold 200,000 shares at $7.33 per share on Nov 14. Company shares held by the CEO AND PRESIDENT now total 1,351,374.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CLNE in the last 3 months, the mean price target is $8.95 with high estimates of $22.00 and low estimates of $5.50. In terms of 52-week highs and lows, CLNE has a high of $7.73 and a low of $3.33.

As of this writing, CLNE has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.02 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.07 in the last quarter, which was -75.00% lower than expectations of -$0.04.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CLNE’s latest balance sheet shows that the firm has $229.17M in Cash & Short Term Investments as of fiscal 2021. There were $82.31M in debt and $125.90M in liabilities at the time. Its Book Value Per Share was $3.12, while its Total Shareholder’s Equity was $755.41M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CLNE is Buy with a score of 4.75.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles