Clean Energy Fuels Corp. (CLNE, Financial) recently experienced a notable stock movement, with its shares rising by 5.22%. The stock was priced at $2.93 with a trading volume of 1.012 million shares and a turnover rate of 0.45%, showing a price fluctuation of 5.94%.
The latest financial report reveals that Clean Energy Fuels Corp. generated a revenue of $106 million, but faced a net loss of $18.18 million, translating to an earnings per share (EPS) of -$0.08. The company's gross profit stood at $21.75 million, and its price-to-earnings (P/E) ratio was -8.83.
In terms of analyst ratings, out of nine participating institutions, 89% recommended buying the stock, while 11% suggested holding, with no sell recommendations.
Within the oil and gas refining and sales industry, where Clean Energy Fuels Corp. operates, the overall sector saw a modest increase of 0.35%. Notable peers in the sector include Aemetis, Inc., and CVR Energy, with Aemetis, Inc. and CVR Energy showing significant trading activity and volatility, with turnover rates of 1.11% and 1.10%, respectively.
Clean Energy Fuels Corp. is a prominent marketer and retailer of natural gas in the U.S. and Canada, offering compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG) as vehicle alternative fuels. The majority of its revenue is derived from CNG sales in the U.S. The company sources gas from local utilities, which it compresses, cools, or liquefies at its facilities, selling the products through stations it owns or those owned by its clients. Its target markets include heavy-duty trucking, airports, public transit, institutional energy users, and government fleets.
