Clean Energy Fuels Corp. (NASDAQ:CLNE) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CLNE is expected to report 3Q20 loss of $ 0.02 per share from revenue of $ 67.47 million.
For the full year, analysts anticipate top line of $ 285.63 million, while looking forward to loss of $ 0.04 per share bottom line.
Previous Quarter Performance
Clean Energy Fuels Corp. posted loss for the second quarter of $ 0.02 per share, from the revenue of $ 59.87 million. The quarterly revenues down 17.22 percent compared with the same quarter last year. Street analysts expected Clean Energy Fuels Corp. to report loss of $ 0.03 per share on revenue of $ 59.85 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 33.33 percent, at the same time, top line results outshined analysts by $ 0.02 million or 0.03 percent.
Stock Performance
Shares of Clean Energy Fuels Corp. traded low $ -0.05 or -2.00 percent on Wednesday, reaching $ 2.45 with volume of 865.90 thousand shares. Clean Energy Fuels Corp. has traded high as $ 2.50 and has cracked $ 2.41 on the downward trend
The closing price of $ 2.45, representing a 138.10 % increase from the 52 week low of $ 1.05 and a 33.33 % decrease over the 52 week high of $ 3.75.
The company has a market capital of $ 486.79 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Conference Call
Clean Energy Fuels Corp. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cleanenergyfuels.com
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.
