Bartolomeo Frabotta Acquires 50,000 Shares of CLNE
CLNE's COO, Bartolomeo Frabotta, purchased 50,000 shares, reflecting insider confidence.
Key Points
- On June 23, 2026, Bartolomeo Frabotta, COO of CLNE, bought 50,000 shares.
- CLNE shares were trading at $1.73 on Wednesday, with notable institutional activity.
- Analysts maintain varied ratings, with UBS keeping a 'buy' at a $2.75 target.
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Bartolomeo Frabotta, the Chief Operating Officer of CLNE, made a significant move by purchasing 50,000 shares of the company on June 23, 2026. This transaction wasn't part of a pre-arranged plan, indicating a personal decision to increase his holdings. CLNE shares were trading at $1.73 on Wednesday.
Insider Buying and Selling at Clean Energy Fuels Corp.
In addition to Frabotta's purchase, Corbus Barclay, the President and CEO, acquired 14,000 shares at an average price of $1.77 on the same day. Earlier in June, other insiders, including Andrew Littlefair, Stephen Scully, and Vincent Taormina, also bought shares, with Taormina selling a portion as well.
Other Institutional Activity in CLNE
Institutional activity has been vibrant around CLNE. BlackRock, Inc. reduced its holdings by 258,183 shares, ending with 15,395,806 shares valued at about $38.2 million. Grantham, Mayo, Van Otterloo & Co. LLC also trimmed its stake by 117,800 shares, holding 11,197,933 shares worth approximately $27.8 million. On the other hand, Vanguard Capital Management LLC opened a new position with 7,235,591 shares valued at $17.9 million. Global Alpha Capital Management Ltd. increased its stake by 582,228 shares to 7,126,817 shares, while State Street Corp boosted its holdings by 639,618 shares, totaling 5,841,344 shares.
Analysts Set New Price Targets
Analysts have shown varied sentiment towards CLNE. UBS maintained its 'buy' rating with a $2.75 price target as of August 12, 2025. Jefferies, however, downgraded the stock to 'hold' with a $2.2 target on August 8, 2025. Lake Street and Scotiabank continue to support the stock with 'buy' ratings and higher targets.
Bottom Line
The insider buying activity by Bartolomeo Frabotta and other executives suggests confidence in CLNE's prospects. Institutional investors have shown mixed actions, with some reducing and others increasing their stakes. Analysts remain cautiously optimistic, maintaining various ratings and price targets. As always, keep in mind that these insider and institutional trades are backward-looking and may not reflect current positions.
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