Bullish indicating open at $55-$60, IPO prices at $37
In a recent transaction, Robert M. Vreeland, the Chief Financial Officer of Clean Energy Fuels (TSX:EFR) Corp. (NASDAQ:CLNE), acquired 15,000 shares of the company’s common stock. According to InvestingPro data, this purchase comes as the stock trades near its 52-week low of $1.81, with analysis suggesting the shares are currently undervalued. The shares were purchased at a price of $1.94 each, totaling $29,100. Following this transaction, Vreeland’s total ownership in Clean Energy Fuels increased to 458,800 shares. This move reflects a continued commitment from the company’s financial leadership amidst ongoing market dynamics. The company maintains a healthy current ratio of 2.67, with analysts setting a consensus high target of $22. InvestingPro subscribers can access 10+ additional exclusive insights and detailed financial metrics for CLNE.
In other recent news, Clean Energy Fuels Corp reported its fourth quarter 2024 earnings, which exceeded expectations with an earnings per share (EPS) of $0.01, surpassing the forecasted loss of $0.0046. Revenue for the quarter also outperformed projections, reaching $109.3 million against an anticipated $99.86 million. Despite these positive results, the company’s stock experienced a decline, which may reflect investor concerns over future guidance or macroeconomic pressures. Analysts at Jefferies and Raymond (NSE:RYMD) James adjusted their price targets for Clean Energy Fuels, with Jefferies setting a target of $2.80 while maintaining a Buy rating, and Raymond James lowering their target to $4.00 but keeping a Strong Buy rating. The company’s guidance for 2025 projects an EBITDA of $50 million to $55 million, influenced by the expiration of the Alternative Fuel Tax Credit and pressures on D3 Renewable Identification Numbers. Clean Energy Fuels plans significant capital expenditures in 2025, focusing on renewable natural gas projects. Analysts at Jefferies suggest potential upside for the company, citing factors such as the possible reinstatement of tax credits and higher volumes. Meanwhile, Raymond James highlighted the company’s strategic expansion into renewable natural gas production as part of its growth strategy.
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