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


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Clean Energy Fuels (NASDAQ:CLNE) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Shares of NASDAQ:CLNE opened at $10.80 on Wednesday. The company has a quick ratio of 2.27, a current ratio of 2.63 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $12.68 and a two-hundred day moving average of $9.31. The stock has a market cap of $2.16 billion, a P/E ratio of 63.53 and a beta of 2.02. Clean Energy Fuels has a 52-week low of $1.82 and a 52-week high of $19.79.

In related news, SVP Barclay Corbus sold 4,651 shares of the stock in a transaction dated Friday, February 26th. The stock was sold at an average price of $12.40, for a total transaction of $57,672.40. Following the transaction, the senior vice president now owns 657,062 shares of the company’s stock, valued at approximately $8,147,568.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Mitchell W. Pratt sold 11,756 shares of the stock in a transaction dated Wednesday, March 3rd. The stock was sold at an average price of $12.99, for a total value of $152,710.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 282,082 shares of company stock worth $3,301,501. Corporate insiders own 3.90% of the company’s stock.

CLNE has been the subject of several analyst reports. Lake Street Capital upped their target price on Clean Energy Fuels from $9.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, February 11th. Raymond James restated an “underperform” rating on shares of Clean Energy Fuels in a report on Monday, April 26th. Zacks Investment Research lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Friday, March 12th. Credit Suisse Group initiated coverage on Clean Energy Fuels in a research note on Wednesday, February 3rd. They issued an “outperform” rating and a $17.00 price target on the stock. Finally, Cowen initiated coverage on Clean Energy Fuels in a research note on Thursday, April 1st. They issued a “market perform” rating and a $14.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Clean Energy Fuels currently has an average rating of “Hold” and a consensus target price of $14.50.

About Clean Energy Fuels

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 light, 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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