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

Clean Energy Fuels (NASDAQ:CLNE) announced its earnings results on Monday. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04, RTT News reports. The company had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same period in the prior year, the business earned $0.01 earnings per share.

Clean Energy Fuels Trading Down 25.5 %

Shares of NASDAQ:CLNE opened at $2.02 on Wednesday. The company’s 50-day moving average price is $2.93 and its two-hundred day moving average price is $2.94. Clean Energy Fuels has a one year low of $1.81 and a one year high of $3.67. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The stock has a market capitalization of $451.38 million, a PE ratio of -6.52 and a beta of 2.18.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CLNE shares. Raymond James restated a “strong-buy” rating and set a $4.00 target price (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday. StockNews.com raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th.

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.