Clean Energy Fuels Reports Missed Q4 2023 Non-GAAP EPS of $0.01 by $0.02.

Trending News ☀️

CLEAN ($NASDAQ:CLNE): T h i s r e p o r t e d m i s s c a m e a s a s h o c k t o m a n y a n a l y s t s w h o h a d a n t i c i p a t e d a h i g h e r E P S f i g u r e . 3 p e r c e n t i n t h e s a m e p e r i o d . I n a d d i t i o n , t h e c o m p a n y ‘ s o p e r a t i n g i n c o m e i n c r e a s e d b y 4 . 4 p e r c e n t a n d i t s f r e e c a s h f l o w i n c r e a s e d b y 2 2 p e r c e n t y e a r – o v e r – y e a r .

H o w e v e r , e v e n w i t h t h e s e u n e x p e c t e d c o s t s , t h e c o m p a n y w a s a b l e t o i n c r e a s e b o t h i t s t o t a l r e v e n u e a n d o p e r a t i n g i n c o m e i n t h e p e r i o d . A s t h e c o m p a n y c o n t i n u e s t o i n c r e a s e f u e l s a l e s a n d c u s t o m e r b a s e i n t h e f u t u r e , i n v e s t o r s m a y c o n t i n u e t o s e e s t r o n g g r o w t h a n d b e t t e r p e r f o r m a n c e i n t h e c o m i n g q u a r t e r s.

Price History

On Tuesday, Clean Energy Fuels (CLEAN) reported on their fourth quarter of 2023 non-GAAP earnings per share (EPS) of $0.01, missing the consensus expectations by $0.02. This news, while a disappointment, follows consistently positive news regarding the company and its stock. CLEAN opened at $5.8 and closed at $5.6, down by 2.3% from the previous closing price of 5.7. This news of a missed EPS has created some uncertainty in the market, but investors remain optimistic that CLEAN will be able to turn things around and make up the difference in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CLNE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CLNE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CLNE. More…

Key Ratios Snapshot

Some of the financial key ratios for CLNE are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of CLEAN ENERGY FUELS’s wellbeing. Our Risk Rating analysis concluded that CLEAN ENERGY FUELS is a medium risk investment in terms of both the financial and business aspects. During the analysis, GoodWhale detected two risk warnings in the income sheet and balance sheet. To gain more insight into these warning signs, become a registered user and access our findings. Our Risk Rating system will also provide you with an overall assessment of the investment’s risk level. More…

Peers

The company’s competitors include United Strength Power Holdings Ltd, Shandong Shengli Co Ltd, and Australian Oil & Gas Corp.

– United Strength Power Holdings Ltd ($SEHK:02337)

United Strength Power Holdings Ltd is a power generation company with a market cap of 3.97B as of 2022. The company has a Return on Equity of 22.59%. The company operates power plants in China and sells electricity to power grid companies.

– Shandong Shengli Co Ltd ($SZSE:000407)

Shandong Shengli Co Ltd is a Chinese company that produces and sells chemical products. The company has a market capitalization of 3.76 billion as of 2022 and a return on equity of 5.36%. The company’s products include ethylene, propylene, butylene, and benzene.

– Australian Oil & Gas Corp ($OTCPK:AOGC)

AOG is an oil and gas company with a market capitalization of $356,040 as of 2022. The company’s return on equity is 1.03%. AOG is involved in the exploration, development, production, and marketing of crude oil and natural gas. The company has operations in Australia, the United States, and Canada.

Summary

Investors in Clean Energy Fuels have taken a hit with the company’s recent earnings report showing a miss in Q4 2023 non-GAAP EPS by $0.02. The reported figures reveal a significant drop in profits despite the company’s previous profitable performances. This has led to some investors expressing concern over the company’s long-term sustainability. Despite this, Clean Energy Fuels has continued to remain focused on growing into new markets and investing heavily in green technologies.

With the support of multiple investors, continuous expansion, and a variety of projects, Clean Energy Fuels is positioned as a strong alternative energy provider. Its focus on renewable energy sources has contributed to its success and enabled it to become a reliable leader in the energy sector. Looking ahead, investors are expected to monitor the company’s activity to better determine its strategies for growth and continued success in the future.