Clean Energy Fuels Corp. (NASDAQ: CLNE) Financial Performance Review

• Clean Energy Fuels Corp. (NASDAQ:CLNE) maintains a stable consensus price target of $2, despite varied analyst expectations and recent financial results.
• Analyst Pavel Molchanov sets a higher price target of $6, indicating a more optimistic outlook based on the company's performance and market conditions.
• Recent financial reports show a slight increase in revenue but also highlight challenges such as net losses, though there's strong demand for Clean Energy's RNG products.

Clean Energy Fuels Corp. (NASDAQ:CLNE) is a key player in the alternative fuel industry, providing natural gas solutions for vehicle fleets in the U.S. and Canada. The company offers renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles. They also design, build, and maintain fueling stations, and sell equipment for RNG production.

Despite the company's efforts, the consensus price target for CLNE has remained unchanged at $2 over the past month, quarter, and year. This stability suggests that analysts' expectations for the stock have not shifted significantly. However, analyst Pavel Molchanov from Raymond James has set a higher price target of $6, reflecting a more optimistic outlook based on recent financial results and market conditions.

In Q4 2024, Clean Energy reported a revenue of $109.3 million, a slight increase from the previous year's $106.9 million. However, the company faced a net loss of $30.2 million, or $0.13 per share. Despite these challenges, the company sold 62 million gallons of RNG, indicating strong demand for its products. This performance may influence future analyst expectations and price targets.

During the Q3 2024 earnings call, Clean Energy reported a revenue of $104.9 million, up from $95.6 million in the same quarter of the previous year. The company also reduced its net loss to $18.2 million, or $0.08 per share, compared to a $25.8 million loss in Q3 2023. This improvement in financial performance could impact analysts' perspectives and the stock's future valuation. Analyst Pavel Molchanov's $6 price target suggests a positive outlook, but investors will need to consider upcoming financial disclosures to make informed decisions about buying, holding, or selling the stock.

• Clean Energy Fuels Corp. (NASDAQ:CLNE) maintains a stable consensus price target of $2, despite varied analyst expectations and recent financial results.
• Analyst Pavel Molchanov sets a higher price target of $6, indicating a more optimistic outlook based on the company's performance and market conditions.
• Recent financial reports show a slight increase in revenue but also highlight challenges such as net losses, though there's strong demand for Clean Energy's RNG products.

Clean Energy Fuels Corp. (NASDAQ:CLNE) is a key player in the alternative fuel industry, providing natural gas solutions for vehicle fleets in the U.S. and Canada. The company offers renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles. They also design, build, and maintain fueling stations, and sell equipment for RNG production.

Despite the company's efforts, the consensus price target for CLNE has remained unchanged at $2 over the past month, quarter, and year. This stability suggests that analysts' expectations for the stock have not shifted significantly. However, analyst Pavel Molchanov from Raymond James has set a higher price target of $6, reflecting a more optimistic outlook based on recent financial results and market conditions.

In Q4 2024, Clean Energy reported a revenue of $109.3 million, a slight increase from the previous year's $106.9 million. However, the company faced a net loss of $30.2 million, or $0.13 per share. Despite these challenges, the company sold 62 million gallons of RNG, indicating strong demand for its products. This performance may influence future analyst expectations and price targets.

During the Q3 2024 earnings call, Clean Energy reported a revenue of $104.9 million, up from $95.6 million in the same quarter of the previous year. The company also reduced its net loss to $18.2 million, or $0.08 per share, compared to a $25.8 million loss in Q3 2023. This improvement in financial performance could impact analysts' perspectives and the stock's future valuation. Analyst Pavel Molchanov's $6 price target suggests a positive outlook, but investors will need to consider upcoming financial disclosures to make informed decisions about buying, holding, or selling the stock.

• Clean Energy Fuels Corp. (NASDAQ:CLNE) reported a revenue of $104.9 million, surpassing estimates and indicating growth from the previous year.
• The company recorded an EPS of -$0.08135, missing the estimated EPS, but showed improvement in net loss and adjusted EBITDA year-over-year.
• Despite a negative P/E ratio, CLNE's price-to-sales ratio and strong liquidity suggest investor confidence and a solid financial foundation for future operations.

Clean Energy Fuels Corp. (NASDAQ:CLNE) is a key player in the natural gas industry, focusing on providing clean fuel solutions. The company operates within the Zacks Utility - Gas Distribution industry, offering renewable natural gas (RNG) and conventional natural gas for vehicle fleets. Despite facing competition from other clean energy providers, CLNE continues to make strides in its financial performance.

On November 6, 2024, CLNE reported an earnings per share (EPS) of -$0.08135, which fell short of the estimated EPS of -$0.02. This indicates a larger-than-expected loss for the quarter. However, the company generated a revenue of approximately $104.9 million, surpassing the estimated revenue of $100.6 million. This revenue growth is a positive sign, reflecting an increase from the $95.6 million reported in the same quarter of 2023.

Despite the negative EPS, CLNE's financial performance shows improvement. The company recorded a net loss of $18.2 million, or $0.08 per share, which is better than the $25.8 million, or $0.12 per share, loss in the third quarter of the previous year. Additionally, the adjusted EBITDA grew to $21.3 million from $14.2 million in Q3 2023, indicating enhanced operational efficiency.

CLNE's financial ratios provide further insights into its current standing. The negative price-to-earnings (P/E) ratio of approximately -10.14 highlights ongoing losses. However, the price-to-sales ratio of about 1.76 suggests that investors are willing to pay $1.76 for every dollar of sales, indicating some confidence in the company's revenue potential. The debt-to-equity ratio of about 0.51 suggests a moderate level of debt relative to equity, while a current ratio of approximately 3.06 indicates strong liquidity.

Looking ahead, CLNE maintains its outlook for a GAAP net loss ranging from $91 million to $81 million and an adjusted EBITDA between $62 million and $72 million for the year 2024. As of September 30, 2024, the company holds cash, cash equivalents, and short-term investments totaling $243.5 million, providing a solid financial cushion for future operations.