Clean Energy Fuels (NASDAQ:CLNE – Get Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.
Clean Energy Fuels Trading Down 0.3 %
NASDAQ CLNE opened at $3.16 on Monday. Clean Energy Fuels has a twelve month low of $2.17 and a twelve month high of $3.37. The business’s fifty day moving average is $2.80 and its 200 day moving average is $2.87. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The company has a market cap of $706.13 million, a price-to-earnings ratio of -10.19 and a beta of 2.16.
Clean Energy Fuels (NASDAQ:CLNE – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm had revenue of $104.90 million during the quarter, compared to the consensus estimate of $100.64 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, sell-side analysts expect that Clean Energy Fuels will post -0.33 EPS for the current fiscal year.
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About Clean Energy Fuels
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.
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