Clean Energy (CLNE)

[pack10]

Think what you will but INSIDERS know!!

Let’s begin with the insider buying in Clean Energy Fuels Corp (NASDAQ:CLNE). Yesterday, Stephen Scully, an Independent Director of the company bought 15,000 shares at a weighted average price of $4.03 per share and now owns a total of 30,000 shares of the company indirectly. After nearly doubling during the first four months of the year, shares of the natural gas supplier made a sharp U-turn and are currently trading down by 19% year-to-date. On August 5, Clean Energy Fuels Corp (NASDAQ:CLNE) reported worse-than-expected numbers for the second quarter, declaring a loss of $0.29 per share on revenue of $86.90 million compared to the loss of $0.27 per share on revenue of $100.80 million that analysts were expecting. With 481,197 shares at the end of June, billionaire David E. Shaw‘s hedge fund D.E. Shaw was the largest shareholder of the company among the hedge funds we track.