Clean Energy Fuels (NASDAQ:CLNE) Announces Quarterly Earnings Results

Clean Energy Fuels (NASDAQ:CLNE) announced its quarterly earnings results on Monday. The utilities provider reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.11), Zacks reports. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%.

Clean Energy Fuels Stock Down 3.2 %

Shares of CLNE traded down $0.09 during mid-day trading on Monday, hitting $2.71. 2,380,165 shares of the company’s stock were exchanged, compared to its average volume of 2,687,080. The company has a 50-day simple moving average of $2.94 and a 200 day simple moving average of $2.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The company has a market cap of $605.58 million, a PE ratio of -8.74 and a beta of 2.18. Clean Energy Fuels has a 52 week low of $2.17 and a 52 week high of $3.67.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.