Equities research analysts forecast that Clean Energy Fuels Corp. (NASDAQ:CLNE) will post $85.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Clean Energy Fuels’ earnings. The highest sales estimate is $88.10 million and the lowest is $82.60 million. Clean Energy Fuels posted sales of $101.83 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.2%. The company is scheduled to issue its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Clean Energy Fuels will report full-year sales of $85.35 million for the current year, with estimates ranging from $334.90 million to $340.40 million. For the next year, analysts expect that the company will post sales of $358.90 million per share, with estimates ranging from $345.20 million to $372.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Clean Energy Fuels.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Thursday, November 2nd. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.49). The firm had revenue of $81.80 million during the quarter, compared to the consensus estimate of $85.43 million. Clean Energy Fuels had a negative return on equity of 10.52% and a negative net margin of 15.47%. Clean Energy Fuels’s revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) EPS.

CLNE has been the subject of several analyst reports. ValuEngine lowered shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. BidaskClub lowered shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Friday, August 18th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Clean Energy Fuels by 8.2% during the 2nd quarter. Vanguard Group Inc. now owns 10,419,084 shares of the utilities provider’s stock valued at $26,464,000 after buying an additional 792,870 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Clean Energy Fuels by 17.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,372,743 shares of the utilities provider’s stock valued at $18,285,000 after buying an additional 1,091,669 shares in the last quarter. State Street Corp lifted its holdings in Clean Energy Fuels by 32.3% during the 2nd quarter. State Street Corp now owns 2,163,793 shares of the utilities provider’s stock valued at $5,499,000 after buying an additional 528,761 shares in the last quarter. Northern Trust Corp lifted its holdings in Clean Energy Fuels by 36.9% during the 2nd quarter. Northern Trust Corp now owns 1,517,815 shares of the utilities provider’s stock valued at $3,855,000 after buying an additional 409,351 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in Clean Energy Fuels by 18.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,452,396 shares of the utilities provider’s stock valued at $3,689,000 after buying an additional 228,553 shares in the last quarter. Institutional investors own 35.49% of the company’s stock.

Shares of Clean Energy Fuels (CLNE) opened at $2.18 on Wednesday. The company has a current ratio of 3.52, a quick ratio of 3.05 and a debt-to-equity ratio of 0.48. Clean Energy Fuels has a twelve month low of $1.96 and a twelve month high of $3.60.

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Clean Energy Fuels Company Profile

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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