CLNE Stock Surges 5.13% Amid Positive Analyst Ratings and Market Activity

Clean Energy Fuels Corp. (CLNE, Financial) experienced a significant stock price increase, rising by 5.13%. The stock is currently trading at $3.07 per share with a trading volume of approximately 939,000 shares, accounting for a turnover rate of 0.42% and a price fluctuation amplitude of 6.15%.

Recent earnings reports for Clean Energy Fuels Corp. indicate revenue of $97.89 million and a net loss of $16.29 million, resulting in an earnings per share (EPS) of -$0.07. The company’s gross profit stands at $22.69 million with a price-to-earnings (P/E) ratio of -8.64.

Analyst ratings for the company are predominantly positive, with 89% of the nine institutions providing coverage issuing a buy recommendation. The remaining 11% suggest holding the stock, and none recommend selling.

The oil and gas refining and sales industry, to which Clean Energy Fuels Corp. belongs, shows an overall increase of 1.67%. Within this sector, Aemetis, Inc., Star Group L.P., and Clean Energy Fuels Corp. recorded significant gains, while Par Pacific Holdings, Inc., Delek US Holdings, Inc., and PBF Energy Inc. remain active with varying turnover rates. Aemetis, Inc., Par Pacific Holdings, Inc., and Star Group L.P. exhibited notable price fluctuations of 12.85%, 11.44%, and 8.98%, respectively.

Clean Energy Fuels Corp. is a marketer and retailer of natural gas in the United States and Canada, providing compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG) as vehicle fuel alternatives. The majority of its revenue is derived from CNG sales in the U.S. The company purchases natural gas from local utilities, compresses or liquefies it at its facilities, and sells it through fueling stations owned by the company or its customers. Its target markets include heavy-duty trucking, airports, public transit, institutional energy users, and government fleets.