Clean Energy Fuels Corp (CLNE) Posts Quarterly Earnings Results, Hits Estimates
Clean Energy Fuels Corp (NASDAQ:CLNE) posted its quarterly earnings results on Thursday. The company reported ($0.28) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.28), AR Network reports. The company had revenue of $98.10 million for the quarter, compared to the consensus estimate of $93.53 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis.
On the ratings front, analysts at Morgan Stanley initiated coverage on shares of Clean Energy Fuels Corp in a research note on Thursday, May 29th. They set an “overweight” rating and a $14.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Clean Energy Fuels Corp presently has a consensus rating of “Hold” and a consensus price target of $10.50.
Clean Energy Fuels Corp (NASDAQ:CLNE) traded up 0.31% during mid-day trading on Thursday, hitting $9.83. The stock had a trading volume of 1,035,420 shares. Clean Energy Fuels Corp has a 52 week low of $8.27 and a 52 week high of $14.05. The stock has a 50-day moving average of $10.67 and a 200-day moving average of $10.02. The company’s market cap is $883.3 million.
Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, based on the number of stations operated and the amount of gasoline gallon equivalents of compressed natural gas (NASDAQ:CLNE), and liquefied natural gas (LNG), delivered.
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