Clean Energy Fuels (CLNE) to Release Quarterly Earnings on Wednesday

Clean Energy Fuels (NASDAQ:CLNE) is set to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Thursday, May 9th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. The firm had revenue of $103.71 million during the quarter, compared to analysts’ expectations of $106.63 million. Clean Energy Fuels had a negative net margin of 19.98% and a negative return on equity of 11.09%. 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 Down 2.7 %

Shares of NASDAQ CLNE opened at $2.53 on Tuesday. The stock has a market cap of $564.85 million, a P/E ratio of -6.80 and a beta of 2.15. The firm has a 50 day moving average price of $2.68 and a 200 day moving average price of $2.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.80 and a current ratio of 3.14. Clean Energy Fuels has a 52-week low of $2.17 and a 52-week high of $4.93.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a report on Monday, May 13th. Piper Sandler reduced their price target on shares of Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Scotiabank cut their price objective on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Clean Energy Fuels has a consensus rating of “Moderate Buy” and an average target price of $5.60.

About Clean Energy Fuels

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.