Wall Street analysts forecast that Clean Energy Fuels Corp. (NASDAQ:CLNE) will announce sales of $86.45 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Clean Energy Fuels Corp.’s earnings. The lowest sales estimate is $85.10 million and the highest is $87.80 million. Clean Energy Fuels Corp. posted sales of $97.02 million in the same quarter last year, which suggests a negative year-over-year growth rate of 10.9%. The business is scheduled to issue its next earnings report on Thursday, November 2nd.

On average, analysts expect that Clean Energy Fuels Corp. will report full year sales of $86.45 million for the current fiscal year, with estimates ranging from $341.00 million to $347.00 million. For the next year, analysts anticipate that the business will report sales of $381.15 million per share, with estimates ranging from $356.60 million to $405.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Clean Energy Fuels Corp..

Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $81 million for the quarter, compared to analyst estimates of $86.97 million. Clean Energy Fuels Corp. had a return on equity of 5.14% and a net margin of 7.24%. Clean Energy Fuels Corp.’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share.

CLNE has been the topic of several research reports. Zacks Investment Research raised Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Monday, July 17th. BidaskClub lowered Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine lowered Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Clean Energy Fuels Corp. has a consensus rating of “Hold” and an average price target of $4.53.

In related news, CEO Andrew J. Littlefair acquired 43,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $2.29 per share, with a total value of $98,470.00. Following the completion of the transaction, the chief executive officer now directly owns 1,355,167 shares of the company’s stock, valued at approximately $3,103,332.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert M. Vreeland acquired 11,500 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $2.32 per share, for a total transaction of $26,680.00. Following the completion of the transaction, the chief financial officer now directly owns 170,654 shares of the company’s stock, valued at $395,917.28. The disclosure for this purchase can be found here. Insiders purchased a total of 64,500 shares of company stock worth $148,050 over the last ninety days. Corporate insiders own 26.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Clean Energy Fuels Corp. by 27.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,281,074 shares of the utilities provider’s stock valued at $15,954,000 after buying an additional 1,342,311 shares during the period. Vanguard Group Inc. raised its position in Clean Energy Fuels Corp. by 8.2% in the second quarter. Vanguard Group Inc. now owns 10,419,084 shares of the utilities provider’s stock valued at $26,464,000 after buying an additional 792,870 shares during the period. Systematic Financial Management LP bought a new position in Clean Energy Fuels Corp. during the first quarter valued at approximately $1,525,000. State Street Corp raised its position in Clean Energy Fuels Corp. by 32.3% in the second quarter. State Street Corp now owns 2,163,793 shares of the utilities provider’s stock valued at $5,499,000 after buying an additional 528,761 shares during the period. Finally, Teachers Advisors LLC raised its position in Clean Energy Fuels Corp. by 118.4% in the fourth quarter. Teachers Advisors LLC now owns 806,326 shares of the utilities provider’s stock valued at $2,306,000 after buying an additional 437,148 shares during the period. 34.43% of the stock is currently owned by institutional investors.

Shares of Clean Energy Fuels Corp. (CLNE) opened at 2.44 on Friday. Clean Energy Fuels Corp. has a 12-month low of $2.18 and a 12-month high of $4.73. The company’s 50-day moving average price is $2.52 and its 200 day moving average price is $2.51. The firm has a market capitalization of $368.22 million, a price-to-earnings ratio of 13.26 and a beta of 1.90.

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About Clean Energy Fuels Corp.

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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