Clean Energy Fuels (CLNE) to Release Earnings on Wednesday

Clean Energy Fuels (NASDAQ:CLNE) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $97.95 million for the quarter, compared to analysts’ expectations of $106.45 million. Clean Energy Fuels had a negative return on equity of 8.75% and a negative net margin of 19.61%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) EPS. On average, analysts expect Clean Energy Fuels to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clean Energy Fuels Stock Up 3.2 %

CLNE stock opened at $2.92 on Tuesday. The company has a current ratio of 3.17, a quick ratio of 2.82 and a debt-to-equity ratio of 0.36. The business’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $2.77. Clean Energy Fuels has a 1-year low of $2.17 and a 1-year high of $4.13. The firm has a market capitalization of $652.42 million, a PE ratio of -8.34 and a beta of 2.12.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Scotiabank upped their price objective on Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a report on Tuesday, September 3rd. StockNews.com raised Clean Energy Fuels to a “sell” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Clean Energy Fuels currently has an average rating of “Moderate Buy” and an average target price of $5.38.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.