Clean Energy Fuels (CLNE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. ...

Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, August 21: Clean Energy Fuels Corp. (CLNE) : This natural gas fueling company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 33.3% over the last 60 days. Clean Energy Fuels Corp's shares gained 19.8% over the last three months compared with the S&P 500's advanced of 5.5%. The company possesses a Momentum Score of B. StepStone Group Inc. (STEP) : This ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: National Fuel Gas Company (NFG) : This energy company has seen the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days. Clean Energy Fuels Corp. (CLNE) : This natural gas fueling company has seen the Zacks Consensus Estimate for its current year earnings increasing 33.3% over the last 60 days. The First of Long Island Corporation (FLIC) : This holding company for The First National Bank of Long ...

Clean Energy Fuels Corp. reported solid revenue growth and improved profitability for Q2 2024, despite RNG volume sales challenges. Key Points The company reported a GAAP net loss of $(0.07) per share. Revenue was $98.0 million, up from $90.5 million in Q2 2023. Adjusted EBITDA rose 56.2% to $18.9 million, compared to $12.1 million in Q2 2023. Clean Energy Fuels Corp. (CLNE 22.11%), a provider of renewable natural gas (RNG) for the transportation sector, released its second quarter 2024 earnings on August 7 ...

For the quarter ended June 2024, Clean Energy Fuels (CLNE) reported revenue of $97.95 million, up 8.2% over the same period last year. EPS came in at $0.01, compared to $0.00 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $114.65 million, representing a surprise of -14.56%. The company delivered an EPS surprise of +125.00%, with the consensus EPS estimate being -$0.04. While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Clean Energy Fuels Corp. (NASDAQ:CLNE) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Robert Vreeland - Chief Financial Officer Andrew Littlefair - President and Chief Executive Officer Conference Call Participants Eric Stine - Craig-Hallum Rob Brown - Lake Street Capital markets Manav Gupta - UBS Matthew Blair - TPH Craig Shere - Tuohy Brothers Pavel Molchanov - Raymond James Betty Zhang - Scotiabank Operator Good day and welcome to the Clean Energy Fuels Second Quarter 202 ...

Clean Energy Fuels (CLNE) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 125%. A quarter ago, it was expected that this provider of natural gas as an alternative fuel for vehicle fleets would post a loss of $0.03 per share when it actually produced a loss of $0.01, deliv ...

Revenue Performance - Total revenue for the three months ended June 30, 2023, was $90,548,000, representing a 10.5% increase compared to $97,954,000 for the same period in 2024[9]. - Total revenue for the three months ended June 30, 2024, was $97.954 million, representing a 8.5% increase from $90.548 million in the same period of 2023[33]. - Total product revenue for the six months ended June 30, 2024, was $172.374 million, down from $195.356 million in the same period of 2023, a decrease of 11.7%[33]. - Total product revenue for the three months ended June 30, 2024, was $83.0 million, up from $75.6 million in the same period of 2023, representing a 19.5% increase[146]. - Volume-related product revenue increased to $77.304 million for the three months ended June 30, 2024, up from $69.777 million in the prior year, marking an increase of 10.9%[33]. - Fuel sales for the six months ended June 30, 2024, were $125.6 million, compared to $160.2 million for the same period in 2023, reflecting a decrease of 21.6%[146]. Profitability and Loss - Operating loss for the three months ended June 30, 2023, was $(13,055,000), compared to $(5,592,000) for the same period in 2024, reflecting a worsening of 133.3%[10]. - Net loss attributable to Clean Energy Fuels Corp. for the three months ended June 30, 2023, was $(16,301,000), compared to $(16,293,000) for the same period in 2024, showing a slight improvement of 0.05%[11]. - Basic and diluted net loss per share for the six months ended June 30, 2023, was $(0.25), while for the same period in 2024, it improved to $(0.16), a reduction of 36%[10]. - Comprehensive loss for the three months ended June 30, 2023, was $(14,603,000), while for the same period in 2024, it increased to $(16,834,000), representing a decline of 15.2%[12]. - The company reported a net loss attributable to Clean Energy Fuels Corp. of $34.7 million for the six months ended June 30, 2024[152]. Expenses and Costs - Total operating expenses for the three months ended June 30, 2023, were $103,603,000, which remained relatively stable compared to $103,546,000 for the same period in 2024[10]. - Interest expense for the three months ended June 30, 2023, was $(4,365,000), compared to $(7,921,000) for the same period in 2024, indicating a decrease of 44.5%[10]. - Selling, general and administrative expenses decreased by $0.2 million to $28.3 million in Q2 2024, primarily due to a $3.2 million decrease in stock-based compensation[175]. - Product cost of sales decreased by $1.7 million to $53.9 million, representing 55.0% of total revenue, down from $55.6 million or 61.4% in Q2 2023[174]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period on June 30, 2024, were $125,142 thousand, up from $55,162 thousand at the end of the previous period[16]. - The company reported net cash provided by operating activities of $21,355 thousand for the six months ended June 30, 2024, compared to a net cash used of $6,962 thousand in the same period of 2023[16]. - Cash flows from investing activities resulted in a net cash used of $(3,922) thousand for the six months ended June 30, 2024, compared to $(62,018) thousand in the same period of 2023[16]. - As of June 30, 2024, total cash and cash equivalents and short-term investments were $249.3 million, down from $263.1 million as of December 31, 2023[194]. Investments and Joint Ventures - The Company and Tourmaline Oil Corp. entered a CAD $70 million Joint Development Agreement to build up to 20 CNG fueling stations over the next five years, sharing costs and profits equally[24]. - The Company recorded a loss of $1.0 million and $0.5 million from the TotalEnergies joint venture in the three months ended June 30, 2023 and 2024, respectively[43]. - The Company has ongoing projects with TotalEnergies and BP for RNG production and management of fueling stations[138]. - The Company plans to invest up to $132.0 million in ADG RNG production projects through the Maas joint development agreement[47]. Debt and Financing - The total debt as of June 30, 2024, was $262,955,000, with an estimated fair value of $244,069,000[81]. - The Stonepeak Credit Agreement includes a senior secured term loan of $300 million with an interest rate of 9.50% per annum, maturing on December 12, 2029[91]. - The company has a total debt of $262.9 million as of June 30, 2024, slightly down from $261.2 million as of December 31, 2023, showing a marginal decrease of about 0.6%[90]. - The company may need to raise additional capital to fund planned or unanticipated capital expenditures, investments, or debt repayments, depending on various factors including natural gas fuel sales and new station construction[196]. Market and Strategic Initiatives - The Company is focused on developing renewable natural gas projects, particularly in the dairy and livestock waste sectors, to enhance its product offerings in the clean energy market[19]. - The company plans to expand hydrogen fuel availability for vehicle fleets, indicating a strategic shift towards cleaner energy solutions[140]. - The market for vehicle fuels has experienced slow and unpredictable growth, influenced by macroeconomic events and regulatory challenges[156]. - The company is closely monitoring the bankruptcy proceedings of a dairy farm partner involved in an ADG RNG production project, which may impact future operations[154].

Exhibit 99.1 Clean Energy Reports Revenue of $98.0 Million and 57.1 Million RNG Gallons Sold for the Second Quarter of 2024 NEWPORT BEACH, Calif. — (BUSINESS WIRE) — August 7, 2024 — Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy" or the "Company") today announced its operating results for the second quarter of 2024. Financial Highlights ● Revenue of $98.0 million in Q2 2024 compared to $90.5 million in Q2 2023. ● Net loss attributable to Clean Energy for Q2 2024 was $(16.3) million, or $(0.07) per ...

Core Viewpoint - The recent upgrade of Clean Energy Fuels to a Zacks Rank 1 (Strong Buy) reflects a positive outlook on its earnings potential, which is expected to drive buying pressure and increase its stock price [2][10]. Earnings Estimates and Stock Movement - The correlation between changes in earnings estimates and near-term stock price movements is strong, with institutional investors using these estimates to assess fair value [3][11]. - Analysts have raised their earnings estimates for Clean Energy Fuels, with the Zacks Consensus Estimate increasing by 1.5% over the past three months [12]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - The upgrade of Clean Energy Fuels to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for price appreciation [14]. Financial Outlook - For the fiscal year ending December 2024, Clean Energy Fuels is expected to earn -$0.12 per share, representing a 100% change from the previous year's reported number [5].