Clean Energy Fuels (CLNE) Set to Announce Quarterly Earnings on Thursday

Clean Energy Fuels (NASDAQ:CLNE) is set to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Investors that wish to register for the company’s 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) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. The firm had revenue of $106.86 million during the quarter, compared to analysts’ expectations of $106.50 million. Clean Energy Fuels had a negative return on equity of 14.05% and a negative net margin of 23.40%. 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

Shares of CLNE opened at $2.37 on Wednesday. The company has a market capitalization of $529.13 million, a price-to-earnings ratio of -5.39 and a beta of 2.08. Clean Energy Fuels has a 52-week low of $2.17 and a 52-week high of $5.25. 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 50 day moving average price of $2.51 and a 200 day moving average price of $3.09.

Analyst Upgrades and Downgrades

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