Clean Energy Fuels (CLNE) Scheduled to Post Earnings on Thursday

Clean Energy Fuels (NASDAQ:CLNEGet Rating) is set to announce its earnings results after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Clean Energy Fuels (NASDAQ:CLNEGet Rating) last released its earnings results on Thursday, February 24th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.03. The business had revenue of $91.90 million during the quarter, compared to analyst estimates of $91.16 million. Clean Energy Fuels had a negative net margin of 36.44% and a negative return on equity of 0.26%. The business’s revenue was up 22.5% compared to the same quarter last year. On average, analysts expect Clean Energy Fuels to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:CLNE opened at $6.16 on Thursday. The company has a market cap of $1.37 billion, a P/E ratio of -13.69 and a beta of 1.80. Clean Energy Fuels has a twelve month low of $4.70 and a twelve month high of $14.50. The company’s 50-day moving average price is $7.36 and its 200-day moving average price is $7.21. The company has a current ratio of 3.26, a quick ratio of 3.01 and a debt-to-equity ratio of 0.03.

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new stake in shares of Clean Energy Fuels in the 3rd quarter valued at approximately $123,000. BNP Paribas Arbitrage SA lifted its stake in Clean Energy Fuels by 45.2% during the third quarter. BNP Paribas Arbitrage SA now owns 55,090 shares of the utilities provider’s stock worth $449,000 after purchasing an additional 17,157 shares in the last quarter. Legal & General Group Plc lifted its stake in Clean Energy Fuels by 32.0% during the fourth quarter. Legal & General Group Plc now owns 76,653 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 18,584 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Clean Energy Fuels in the fourth quarter valued at $563,000. Finally, Invesco Ltd. raised its holdings in shares of Clean Energy Fuels by 15.7% in the 3rd quarter. Invesco Ltd. now owns 129,280 shares of the utilities provider’s stock valued at $1,054,000 after buying an additional 17,550 shares during the period. 41.86% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Tudor Pickering upgraded shares of Clean Energy Fuels from a “hold” rating to a “buy” rating in a report on Thursday, January 27th. Zacks Investment Research upgraded Clean Energy Fuels from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Evercore ISI raised Clean Energy Fuels to a “buy” rating and set a $11.00 price objective on the stock in a research note on Friday, February 25th. StockNews.com initiated coverage on Clean Energy Fuels in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Craig Hallum boosted their price target on shares of Clean Energy Fuels from $20.00 to $27.00 in a research report on Thursday, January 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Clean Energy Fuels presently has an average rating of “Buy” and an average target price of $14.65.

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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Earnings History for Clean Energy Fuels (NASDAQ:CLNE)

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