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Clean Energy Fuels (CLNE) Stock Sinks As Market Gains: What You Should Know

·2-min read

Clean Energy Fuels (CLNE) closed at $7.60 in the latest trading session, marking a -1.04% move from the prior day. This change lagged the S&P 500's 1.02% gain on the day.

Heading into today, shares of the provider of natural gas as an alternative fuel for vehicle fleets had lost 29.67% over the past month, lagging the Utilities sector's loss of 0.64% and the S&P 500's gain of 3.01% in that time.

Investors will be hoping for strength from CLNE as it approaches its next earnings release, which is expected to be August 5, 2021. The company is expected to report EPS of $0, up 100% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.18 per share and revenue of $346 million, which would represent changes of -350% and +18.61%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for CLNE. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CLNE currently has a Zacks Rank of #3 (Hold).

The Utility - Gas Distribution industry is part of the Utilities sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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