Clean Energy Fuels Corp. (NASDAQ:CLNE)‘s stock had its “sell” rating reaffirmed by equities research analysts at Piper Jaffray Cos. in a research note issued to investors on Tuesday, Analyst Ratings News reports. They currently have a $4.50 price target on the stock, down from their previous price target of $9.50. Piper Jaffray Cos.’s target price would indicate a potential downside of 60.46% from the company’s current price.
Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) traded down 5.18% on Tuesday, hitting $10.79. The stock had a trading volume of 2,625,667 shares. Clean Energy Fuels Corp. has a 52 week low of $10.90 and a 52 week high of $14.82. The stock’s 50-day moving average is $12.74 and its 200-day moving average is $12.9. The company’s market cap is $963.9 million.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.04. The company had revenue of $88.10 million for the quarter, compared to the consensus estimate of $87.23 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. Analysts expect that Clean Energy Fuels Corp. will post $-0.40 EPS for the current fiscal year.
Clean Energy Fuels Corp., incorporated in April 2001, is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, based on the number of stations operated and the amount of gasoline gallon equivalents of compressed natural gas (NASDAQ:CLNE), and liquefied natural gas (LNG), delivered.
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