Analysts Anticipate Clean Energy Fuels Corp. (NASDAQ:CLNE) Will Post Earnings of -$0.01 Per Share

Equities research analysts expect Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) to post ($0.01) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Clean Energy Fuels’ earnings. Clean Energy Fuels also reported earnings per share of ($0.01) in the same quarter last year. The firm is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Clean Energy Fuels will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.03) to $0.01. For the next financial year, analysts anticipate that the company will post earnings of $0.10 per share, with EPS estimates ranging from $0.08 to $0.11. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Clean Energy Fuels.

Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Clean Energy Fuels had a negative return on equity of 0.26% and a negative net margin of 36.44%. The company had revenue of $91.90 million for the quarter, compared to the consensus estimate of $91.16 million. The business’s quarterly revenue was up 22.5% on a year-over-year basis.

A number of brokerages recently issued reports on CLNE. Evercore ISI upgraded Clean Energy Fuels to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, February 25th. Zacks Investment Research downgraded Clean Energy Fuels from a “buy” rating to a “strong sell” rating in a report on Wednesday, April 13th. Tudor Pickering raised Clean Energy Fuels from a “hold” rating to a “buy” rating in a research report on Thursday, January 27th. StockNews.com assumed coverage on Clean Energy Fuels in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Jonestrading assumed coverage on Clean Energy Fuels in a research report on Friday, April 8th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Clean Energy Fuels currently has an average rating of “Hold” and a consensus price target of $14.65.

Institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Clean Energy Fuels by 35.4% in the 3rd quarter. Alliancebernstein L.P. now owns 323,631 shares of the utilities provider’s stock worth $2,638,000 after purchasing an additional 84,577 shares in the last quarter. Yaupon Capital Management LP bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth approximately $2,608,000. HighMark Wealth Management LLC bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth approximately $61,000. Cetera Advisors LLC bought a new stake in shares of Clean Energy Fuels in the 3rd quarter worth approximately $129,000. Finally, Intelligence Driven Advisers LLC lifted its position in Clean Energy Fuels by 300.0% in the 4th quarter. Intelligence Driven Advisers LLC now owns 40,000 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 30,000 shares in the last quarter. 41.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CLNE opened at $6.44 on Friday. Clean Energy Fuels has a 1 year low of $4.70 and a 1 year high of $14.50. The company has a market cap of $1.43 billion, a PE ratio of -14.31 and a beta of 1.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.01. The stock’s 50-day moving average is $7.38 and its 200 day moving average is $7.26.

Clean Energy Fuels Company Profile (Get Rating)

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily 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.

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