Equities analysts predict that Clean Energy Fuels Corp (NASDAQ:CLNE) will announce sales of $85.35 million for the current quarter, Zacks reports. Two analysts have provided estimates for Clean Energy Fuels’ earnings, with the highest sales estimate coming in at $88.10 million and the lowest estimate coming in at $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 firm is scheduled to report its next quarterly earnings report on Tuesday, March 6th.

According to Zacks, 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 anticipate that the firm will report sales of $358.90 million per share, with estimates ranging from $345.20 million to $372.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Clean Energy Fuels.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.49). Clean Energy Fuels had a negative net margin of 15.47% and a negative return on equity of 10.52%. The company had revenue of $81.80 million for the quarter, compared to analysts’ expectations of $85.43 million. During the same period in the previous year, the firm earned ($0.08) earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub cut shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, ValuEngine cut shares of Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLNE. BlueCrest Capital Management Ltd raised its holdings in shares of Clean Energy Fuels by 279.1% during the second quarter. BlueCrest Capital Management Ltd now owns 45,868 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 33,768 shares during the last quarter. Voya Investment Management LLC increased its holdings in Clean Energy Fuels by 44.0% during the second quarter. Voya Investment Management LLC now owns 54,979 shares of the utilities provider’s stock valued at $140,000 after buying an additional 16,808 shares during the last quarter. OxFORD Asset Management LLP increased its holdings in Clean Energy Fuels by 123.6% during the second quarter. OxFORD Asset Management LLP now owns 58,068 shares of the utilities provider’s stock valued at $147,000 after buying an additional 32,096 shares during the last quarter. KBC Group NV increased its holdings in Clean Energy Fuels by 24.4% during the second quarter. KBC Group NV now owns 61,525 shares of the utilities provider’s stock valued at $156,000 after buying an additional 12,087 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Clean Energy Fuels by 147.3% during the second quarter. Parametric Portfolio Associates LLC now owns 75,095 shares of the utilities provider’s stock valued at $191,000 after buying an additional 44,728 shares during the last quarter. 35.47% of the stock is owned by hedge funds and other institutional investors.

Clean Energy Fuels (NASDAQ:CLNE) traded down $0.02 on Wednesday, hitting $2.07. 889,500 shares of the stock traded hands, compared to its average volume of 1,160,000. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.52 and a quick ratio of 3.05. Clean Energy Fuels has a 1 year low of $1.96 and a 1 year high of $3.12. The stock has a market capitalization of $312.75, a PE ratio of -5.59 and a beta of 1.85.

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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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