Clean Energy Fuels Corp (CLNE) Releases Earnings Results, Beats Expectations By $0.17 EPS

Clean Energy Fuels Corp (CLNE) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $-0.14. The company posted revenue of $108.03 million in the period, compared to analysts expectations of $94.33 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.29 EPS.

Clean Energy Fuels Corp opened for trading at $2.85 and hit $2.92 on the upside on Monday, eventually ending the session at $2.86, with a gain of 1.78% or 0.05 points. The heightened volatility saw the trading volume jump to 20,59,216 shares. Company has a market cap of $301 M.

In a different news, on Mar 1, 2016, Andrew J Littlefair (CEO and President) sold 6,390 shares at $2.53 per share price. According to the SEC, on Mar 1, 2016, Peter J. Grace (SVP, Sales and Finance) sold 8,000 shares at $2.53 per share price. On Mar 1, 2016, Mitchell W Pratt (COO and Secretary) sold 6,390 shares at $2.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs builds operates and maintains fueling stations and supplies its customers with compressed natural gas (CNG) fuel for light medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The Company also manufactures sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations. It provides operation and maintenance (O&M) services to customers offers assessment designs and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets transport. It offers vehicle finance services for some of its customers’ purchases of natural gas vehicles. The Company sells CNG to industrial and institutional energy users who do not have direct access to natural gas pipelines.

Clean Energy Fuels Corp

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