
Clean Energy Fuels (NASDAQ:CLNE) Releases Earnings Results, Beats Expectations By $0.01 EPS

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Clean Energy Fuels (NASDAQ:CLNE) reported quarterly earnings of ($0.01) EPS, beating estimates by $0.01. Revenue reached $117.56 million, exceeding the $102.62 million forecast, marking a 13.3% increase year-over-year. The company appointed Clay Corbus as CEO, focusing on growth and efficiency. Despite a negative net margin of 22.68%, Clean Energy Fuels aims to deliver over 250 million gallons of RNG this year. The stock is currently trading at $2.21, with a consensus rating of "Hold" and a price target of $2.48. Institutional investors hold nearly 50% of the shares.
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