Clean Energy Fuels (CLNE) to Release Earnings on Thursday

Clean Energy Fuels (NASDAQ:CLNE) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Clean Energy Fuels had a negative return on equity of 14.05% and a negative net margin of 23.40%. The company had revenue of $106.86 million for the quarter, compared to the consensus estimate of $106.50 million. 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 Price Performance

CLNE stock opened at $2.37 on Wednesday. The company has a market capitalization of $529.13 million, a P/E ratio of -5.39 and a beta of 2.08. The firm has a 50 day simple moving average of $2.51 and a 200-day simple moving average of $3.09. The company has a current ratio of 2.87, a quick ratio of 2.59 and a debt-to-equity ratio of 0.36. Clean Energy Fuels has a twelve month low of $2.17 and a twelve month high of $5.25.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CLNE. Scotiabank decreased their price objective on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Stifel Nicolaus lowered their price objective on Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating for the company in a report on Tuesday, January 23rd. StockNews.com upgraded Clean Energy Fuels to a “sell” rating in a research report on Tuesday, April 9th. Raymond James dropped their price target on Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 3rd. Finally, Piper Sandler reduced their price objective on Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Clean Energy Fuels currently has a consensus rating of “Moderate Buy” and an average target price of $5.60.

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.