Gold prices edge higher on raised Fed rate cut hopes
Robert M. Vreeland, the Chief Financial Officer of Clean Energy Fuels (TSX:EFR) Corp. (NASDAQ:CLNE), recently acquired 10,000 shares of the company’s common stock. The shares were purchased at a price of $1.83 each, resulting in a total transaction value of $18,300. The purchase comes as the stock trades near its 52-week low of $1.80, with InvestingPro analysis suggesting the stock is currently undervalued. Following this acquisition, Vreeland’s total holdings amount to 636,938 shares. This transaction was disclosed in a recent SEC filing, reflecting Vreeland’s direct ownership in the company. Clean Energy Fuels Corp. is based in Newport Beach, California, and operates within the energy and transportation sector. With a market capitalization of $411 million and a healthy current ratio of 2.67, the company maintains strong liquidity. InvestingPro subscribers can access 11 additional key insights and a comprehensive Pro Research Report about CLNE’s financial health and growth prospects.
In other recent news, Clean Energy Fuels Corp reported its fourth quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.01 against a forecasted loss of $0.0046. The company also exceeded revenue projections, bringing in $109.3 million compared to the anticipated $99.86 million. Despite these positive results, the company’s stock experienced a decline. Analysts from Jefferies and Raymond (NSE:RYMD) James have adjusted their price targets for Clean Energy Fuels, with Jefferies lowering it to $2.80 while maintaining a Buy rating, and Raymond James reducing it to $4.00 but keeping a Strong Buy rating. The company’s performance in the fourth quarter included an adjusted EBITDA of $24 million, surpassing expectations of $19.3 million. Looking forward, Clean Energy Fuels projects a consolidated revenue of approximately $400 million for 2025. However, the company’s guidance for 2025, which anticipates an EBITDA between $50 million and $55 million, reflects challenges such as the expiration of the Alternative Fuel Tax Credit and pressures on D3 Renewable Identification Numbers. Analysts have noted the company’s sensitivity to federal and state policy incentives, which are currently presenting headwinds to its 2025 guidance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.