Clean Energy Fuels (NASDAQ:CLNE) Announces Quarterly Earnings Results

Clean Energy Fuels (NASDAQ:CLNE) released its quarterly earnings results on Tuesday. The utilities provider reported ($0.02) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02), Bloomberg Earnings reports. The firm had revenue of $74.43 million for the quarter. Clean Energy Fuels had a negative net margin of 4.30% and a negative return on equity of 3.32%.

Clean Energy Fuels stock traded down $0.01 during trading hours on Friday, hitting $2.07. The company had a trading volume of 559,800 shares, compared to its average volume of 550,073. The firm has a market cap of $442.17 million, a PE ratio of -34.50 and a beta of 1.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.78 and a quick ratio of 1.52. Clean Energy Fuels has a one year low of $1.61 and a one year high of $3.47. The firm has a 50-day moving average of $2.17 and a 200 day moving average of $2.44.

Several research analysts have weighed in on the stock. BidaskClub raised shares of Clean Energy Fuels from a “hold” rating to a “buy” rating in a report on Friday, November 8th. ValuEngine raised shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Zacks Investment Research raised shares of Clean Energy Fuels from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Thursday, October 3rd.

Clean Energy Fuels Company Profile

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

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Earnings History for Clean Energy Fuels (NASDAQ:CLNE)

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