Equities research analysts expect that Clean Energy Fuels Corp. (NASDAQ:CLNE) will post earnings per share of ($0.12) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Clean Energy Fuels Corp.’s earnings. Clean Energy Fuels Corp. posted earnings of ($0.08) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The business is expected to issue its next quarterly earnings report after the market closes 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 financial year. For the next financial year, analysts expect that the company will report earnings of ($0.44) per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Clean Energy Fuels Corp..

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

A number of research analysts have recently weighed in 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 target price for the company in a research report on Monday, July 17th. BidaskClub downgraded shares of Clean Energy Fuels Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.

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Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) opened at 2.31 on Friday. Clean Energy Fuels Corp. has a one year low of $2.18 and a one year high of $4.34. The stock’s 50 day moving average price is $2.43 and its 200-day moving average price is $2.48. The company has a market cap of $348.60 million, a PE ratio of 12.55 and a beta of 1.91.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLNE. Dimensional Fund Advisors LP boosted its holdings in Clean Energy Fuels Corp. by 27.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,281,074 shares of the utilities provider’s stock worth $15,954,000 after buying an additional 1,342,311 shares during the period. Vanguard Group Inc. boosted its holdings in Clean Energy Fuels Corp. by 8.2% in the 2nd quarter. Vanguard Group Inc. now owns 10,419,084 shares of the utilities provider’s stock worth $26,464,000 after buying an additional 792,870 shares during the period. State Street Corp boosted its holdings in Clean Energy Fuels Corp. by 32.3% in the 2nd quarter. State Street Corp now owns 2,163,793 shares of the utilities provider’s stock worth $5,499,000 after buying an additional 528,761 shares during the period. Northern Trust Corp boosted its holdings in Clean Energy Fuels Corp. by 36.9% in the 2nd quarter. Northern Trust Corp now owns 1,517,815 shares of the utilities provider’s stock worth $3,855,000 after buying an additional 409,351 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in Clean Energy Fuels Corp. by 18.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,452,396 shares of the utilities provider’s stock worth $3,689,000 after buying an additional 228,553 shares during the period. 34.46% of the stock is owned by institutional investors.

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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