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), purchased 10,000 shares of the company’s common stock. The shares were acquired on March 21, 2025, at prices ranging from $1.67 to $1.676 per share, totaling approximately $16,730. The purchase comes as the stock trades near its 52-week low of $1.62, with InvestingPro analysis indicating the stock is currently undervalued.
Following these transactions, Vreeland’s direct ownership in Clean Energy Fuels increased to 646,938 shares. This move reflects a continued commitment by the executive to invest in the company, which is known for providing natural gas as an alternative fuel for vehicle fleets in the United States and Canada. InvestingPro data shows the company maintains strong liquidity with a current ratio of 2.67, though it faces near-term challenges. Subscribers can access 12 additional ProTips and a comprehensive Pro Research Report for deeper insights into CLNE’s financial health and market position.
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, compared to a forecasted loss of $0.0046. The company also exceeded revenue projections, achieving $109.3 million against an anticipated $99.86 million. Despite these positive results, the company’s stock experienced a decline following the earnings report. Jefferies and Raymond (NSE:RYMD) James both adjusted their price targets for Clean Energy Fuels, with Jefferies lowering it to $2.80 while maintaining a Buy rating, and Raymond James adjusting it to $4.00 while maintaining a Strong Buy rating. Analysts from both firms highlighted the challenges Clean Energy Fuels faces with upcoming policy changes and tax credits, which could impact future earnings. The company’s guidance for 2025 anticipates a decrease in EBITDA due to the expiration of the Alternative Fuel Tax Credit and pressures on D3 Renewable Identification Numbers. However, Raymond James remains optimistic about the company’s long-term prospects, noting its strategic move into in-house production of renewable natural gas. Clean Energy Fuels plans significant capital expenditures in 2025, focusing on renewable natural gas projects, as it navigates the evolving landscape of environmental regulations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.