Clean Energy Fuels (NASDAQ:CLNE) announced its quarterly earnings results on Tuesday. The utilities provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.08), Yahoo Finance reports. Clean Energy Fuels had a negative net margin of 15.47% and a negative return on equity of 10.52%. The business had revenue of $89.30 million during the quarter, compared to analyst estimates of $83.77 million. During the same quarter last year, the company posted ($0.02) earnings per share. The company’s revenue was down 12.3% compared to the same quarter last year.
Shares of Clean Energy Fuels (CLNE) opened at $1.42 on Wednesday. Clean Energy Fuels has a 12-month low of $1.31 and a 12-month high of $3.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.05 and a current ratio of 3.52.
Several equities analysts have issued reports on the stock. BidaskClub cut shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th.
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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