Zacks: Analysts Anticipate Clean Energy Fuels Corp. (CLNE) to Post -$0.12 EPS

Wall Street analysts expect Clean Energy Fuels Corp. (NASDAQ:CLNE) to post ($0.12) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Clean Energy Fuels Corp.’s earnings. Clean Energy Fuels Corp. reported earnings per share of ($0.08) during the same quarter last year, which suggests a negative year over year growth rate of 50%. The firm is scheduled to report its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Clean Energy Fuels Corp. will report full-year earnings of $0.05 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of ($0.44) per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Clean Energy Fuels Corp..

Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $81.00 million during the quarter, compared to the consensus estimate of $86.97 million. Clean Energy Fuels Corp. had a net margin of 7.24% and a return on equity of 5.14%. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share.

Several research analysts have issued reports on CLNE shares. Zacks Investment Research raised shares of Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research report on Monday, July 17th. ValuEngine cut shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Clean Energy Fuels Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $4.53.

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Clean Energy Fuels Corp. (CLNE) traded up 0.625% on Tuesday, reaching $2.415. 132,944 shares of the company were exchanged. Clean Energy Fuels Corp. has a 52 week low of $2.18 and a 52 week high of $4.62. The stock has a 50-day moving average price of $2.39 and a 200 day moving average price of $2.51. The stock has a market capitalization of $364.45 million, a price-to-earnings ratio of 13.125 and a beta of 1.90.

In other Clean Energy Fuels Corp. news, CEO Andrew J. Littlefair bought 43,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of $2.29 per share, for a total transaction of $98,470.00. Following the acquisition, the chief executive officer now owns 1,355,167 shares of the company’s stock, valued at approximately $3,103,332.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert M. Vreeland bought 11,500 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $2.32 per share, with a total value of $26,680.00. Following the completion of the acquisition, the chief financial officer now directly owns 170,654 shares in the company, valued at approximately $395,917.28. The disclosure for this purchase can be found here. Insiders purchased 64,500 shares of company stock valued at $148,050 in the last quarter. Company insiders own 26.69% of the company’s stock.

A number of large investors have recently bought and sold shares of CLNE. American Century Companies Inc. increased its holdings in Clean Energy Fuels Corp. by 35.4% during the 1st quarter. American Century Companies Inc. now owns 1,662,723 shares of the utilities provider’s stock valued at $4,240,000 after acquiring an additional 434,280 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Clean Energy Fuels Corp. by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 606,353 shares of the utilities provider’s stock worth $1,547,000 after buying an additional 53,552 shares in the last quarter. Quantitative Investment Management LLC grew its holdings in shares of Clean Energy Fuels Corp. by 726.9% during the first quarter. Quantitative Investment Management LLC now owns 107,500 shares of the utilities provider’s stock worth $274,000 after buying an additional 94,500 shares in the last quarter. Alambic Investment Management L.P. grew its holdings in shares of Clean Energy Fuels Corp. by 8.2% during the first quarter. Alambic Investment Management L.P. now owns 134,208 shares of the utilities provider’s stock worth $342,000 after buying an additional 10,183 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Clean Energy Fuels Corp. during the first quarter worth about $189,000. Hedge funds and other institutional investors own 34.42% of the company’s stock.

About Clean Energy Fuels Corp.

Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.

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