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

Clean Energy Fuels (NASDAQ:CLNE) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Clean Energy Fuels to post earnings of ($0.03) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. The company had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $106.50 million. 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 Performance

NASDAQ:CLNE opened at $2.32 on Thursday. Clean Energy Fuels has a 52 week low of $2.17 and a 52 week high of $5.25. The firm has a 50 day moving average of $2.56 and a 200 day moving average of $3.15. The company has a quick ratio of 2.59, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $517.96 million, a price-to-earnings ratio of -5.27 and a beta of 2.06.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CLNE shares. Scotiabank decreased their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Raymond James cut their price objective on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. Stifel Nicolaus cut their price objective on shares of Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a research note on Tuesday, April 9th. Finally, Piper Sandler cut their price objective on shares of Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.60.

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.