From Financial Modeling Prep.: 2024-11-06 23:00:03

Clean Energy Fuels Corp. (NASDAQ:CLNE) exceeded revenue expectations with $104.9 million, showcasing growth. Despite a lower EPS of -$0.08135 than estimated, CLNE improved net loss and adjusted EBITDA year-over-year. Investor confidence remains strong due to a positive price-to-sales ratio and solid liquidity, despite a negative P/E ratio.

Clean Energy Fuels Corp. operates in the natural gas industry, providing clean fuel solutions in a competitive market. Their Q3 2024 EPS of -$0.08135 missed estimates of -$0.02, but revenue of $104.9 million surpassed expectations, indicating growth from the previous year. The company’s financial performance shows improvement, with a reduced net loss and increased adjusted EBITDA year-over-year.

Despite reporting a negative EPS, Clean Energy Fuels Corp. saw growth in revenue, surpassing estimates. The company’s net loss and adjusted EBITDA improved compared to the previous year, showcasing operational efficiency. Financial ratios like the price-to-sales ratio and liquidity position indicate investor confidence in CLNE’s future prospects, despite a negative P/E ratio.

Clean Energy Fuels Corp. maintains a positive outlook for 2024, expecting a GAAP net loss between $81 million and $91 million. With $243.5 million in cash, cash equivalents, and short-term investments as of September 30, 2024, the company has a strong financial foundation for future operations. The company’s performance reflects growth potential in the clean fuel industry.



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