Zacks: Brokerages Expect Clean Energy Fuels Corp (CLNE) to Post -$0.11 EPS

Wall Street analysts forecast that Clean Energy Fuels Corp (NASDAQ:CLNE) will report earnings per share of ($0.11) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Clean Energy Fuels’ earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.12). Clean Energy Fuels reported earnings per share of ($0.02) in the same quarter last year, which would suggest a negative year-over-year growth rate of 450%. The business is scheduled to report its next earnings report on Tuesday, March 6th.

On average, analysts expect that Clean Energy Fuels will report full-year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.45) to ($0.43). For the next fiscal year, analysts expect that the company will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.30) to ($0.23). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Clean Energy Fuels.

A number of brokerages have weighed in on CLNE. BidaskClub cut Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, ValuEngine cut Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th.

Shares of Clean Energy Fuels (NASDAQ:CLNE) opened at $1.49 on Friday. Clean Energy Fuels has a 12-month low of $1.39 and a 12-month high of $3.12. The firm has a market capitalization of $219.07, a PE ratio of -4.03 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.52 and a quick ratio of 3.05.

Several large investors have recently made changes to their positions in CLNE. Dimensional Fund Advisors LP lifted its position in shares of Clean Energy Fuels by 27.2% in the second 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 last quarter. Vanguard Group Inc. lifted its position in shares of Clean Energy Fuels by 8.2% in the second 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 last quarter. State Street Corp lifted its position in shares of Clean Energy Fuels by 32.3% in the second 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 last quarter. Northern Trust Corp increased its stake in shares of Clean Energy Fuels by 36.9% in the second quarter. Northern Trust Corp now owns 1,517,815 shares of the utilities provider’s stock worth $3,855,000 after purchasing an additional 409,351 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Clean Energy Fuels by 18.7% in the second quarter. TIAA CREF Investment Management LLC now owns 1,452,396 shares of the utilities provider’s stock worth $3,689,000 after purchasing an additional 228,553 shares during the period. 35.50% of the stock is owned by institutional investors.

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About Clean Energy Fuels

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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