Clean Energy Fuels Corp. (CLNE) Q3 2024 Earnings Call Transcript
Clean Energy Fuels (CLNE) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to break-even earnings per share a year ago.
Clean Energy Fuels, BP plc TotalEnergies and Amazon are included in this Analyst Blog.
As CLNE gears up to report third-quarter earnings on Nov. 6, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
CLNE is set to benefit from the increasing demand for cleaner alternatives in the transportation industry.
Clean Energy Fuels (NASDAQ: CLNE) and Tourmaline Oil have opened two new compressed natural gas (CNG) fueling stations in Alberta, advancing their plan to build Western Canada's first commercial CNG fueling network. The new stations create a key transportation route for trucking companies transitioning from diesel to CNG, reducing emissions of CO2 and other pollutants.
Clean Energy Fuels (NASDAQ: CLNE) has signed an agreement with the Metropolitan Transit Authority of Harris County, Texas, to build its first private compressed natural gas (CNG) fueling station. This station will serve 120 of METRO's new CNG-powered buses operating in Houston.
Clean Energy Fuels (CLNE) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
CLNE and STEP made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 21, 2024.
NFG, CLNE, FLIC, FMBH and ULS have been added to the Zacks Rank #1 (Strong Buy) List on August 21, 2024.
The company reported a GAAP net loss of $(0.07) per share. Revenue was $98.0 million, up from $90.5 million in Q2 2023.
The headline numbers for Clean Energy Fuels (CLNE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.