Clean Energy Fuels Corp. (CLNE, Financial) experienced a significant drop in stock price, falling 5% to $2.66 per share. The trading volume reached 1.22 million shares with a turnover rate of 0.55% and a price fluctuation of 7.50%.
The latest financial reports reveal that CLNE generated revenue of $106 million with a net loss of $18.18 million, translating to an earnings per share of -$0.08. The company's gross profit stood at $21.75 million, resulting in a negative price-to-earnings ratio of 8.06. Despite this, 89% of the nine institutions that rated the stock gave it a buy recommendation, while 11% advised to hold, and none suggested selling.
Within the oil and gas refining and sales sector, which saw an overall decline of 0.58%, CLNE was among the more active stocks alongside Aemetis, Inc. and Par Pacific Holdings, Inc. Common Stock. The turnover rates for these stocks were 0.93%, 0.74%, and 0.55% respectively. In terms of price volatility, Aemetis, Inc. led with a 7.75% fluctuation, followed by CLNE at 7.48% and Ultrapar Participacoes Sa at 3.77%.
Clean Energy Fuels Corp. operates as a marketer and retailer of natural gas in the U.S. and Canada, offering compressed natural gas, liquefied natural gas, and renewable natural gas as alternative fuels for vehicles. The bulk of its revenue is derived from the sale of compressed natural gas in the U.S. The company purchases natural gas from local utilities and processes it through their facilities, selling it through stations owned by themselves or their clients. Their target markets include heavy-duty trucking, airports, public transit, institutional energy users, and government fleets.
