Financial Performance - Revenue for Q2 2024 was $98.0 million, a 8.3% increase from $90.5 million in Q2 2023[2] - Net loss attributable to Clean Energy for Q2 2024 was $(16.3) million, consistent with $(16.3) million in Q2 2023[2] - Adjusted EBITDA for Q2 2024 was $18.9 million, up from $12.1 million in Q2 2023, representing a 56.6% increase[2] - Total product revenue for Q2 2024 was $83.0 million, an increase of 9.8% compared to $75.6 million in Q2 2023[14] - Non-GAAP income per share for Q2 2024 was $0.01, compared to $(0.00) per share for Q2 2023[6] - Operating loss for Q2 2024 was $(5,592), an improvement from $(13,055) in Q2 2023[34] - Net loss attributable to Clean Energy Fuels Corp. was $(16,293) in Q2 2024, compared to $(16,301) in Q2 2023[34] - Basic and diluted net loss per share for Q2 2024 was $(0.07), unchanged from Q2 2023[34] - Total operating expenses for Q2 2024 were $103,546, nearly flat compared to $103,603 in Q2 2023[34] - Interest expense decreased to $(7,921) in Q2 2024 from $(4,365) in Q2 2023[34] Revenue Sources - Q2 2024 volume-related fuel sales revenues were $57.4 million, net of $14.1 million Amazon warrant charge, a 7.7% increase from Q2 2023[4] - RIN and LCFS revenues in Q2 2024 totaled $13.9 million, compared to $7.9 million in Q2 2023, reflecting higher RIN credit prices[5] - RIN Credits revenue increased to $9.5 million in Q2 2024, up from $5.4 million in Q2 2023, marking a growth of 75.9%[14] Production and Sales Volume - Renewable natural gas (RNG) gallons sold in Q2 2024 totaled 57.1 million, a 2.6% decrease compared to Q2 2023[3] - Total fuel volume sold in Q2 2024 was 70.4 million GGEs, a decrease of 3.2% from 72.7 million GGEs in Q2 2023[13] - RNG volume sold in Q2 2024 was 57.1 million GGEs, down from 58.6 million GGEs in Q2 2023, representing a decline of 2.6%[13] - O&M services volume increased to 67.9 million GGEs in Q2 2024, up from 65.9 million GGEs in Q2 2023, reflecting a growth of 3.0%[13] Future Outlook - The updated 2024 outlook includes a GAAP net loss of approximately $(91) million to $(81) million and an unchanged Adjusted EBITDA of $62 million to $72 million[2] - Adjusted EBITDA for 2024 is estimated to range from $62 million to $72 million, excluding impacts from acquisitions and macroeconomic conditions[17] - GAAP net loss for 2024 is projected to be between $(91) million and $(81) million, including Amazon warrant charges of approximately $63 million[17] - The company anticipates volume growth and customer expansion in fiscal 2024, indicating a positive outlook[27] Investments and Assets - The company’s cash, cash equivalents, and short-term investments totaled $249.3 million as of June 30, 2024[2] - The total current assets decreased from $470,175,000 as of December 31, 2023, to $450,884,000 as of June 30, 2024[32] - The company's cash and cash equivalents increased from $106,963,000 to $125,142,000 during the same period[32] - The company has investments in other entities valued at $258,773,000 as of December 31, 2023, which decreased to $250,257,000 by June 30, 2024[32] Business Strategy - The company plans to build up to nine RNG production facilities with Maas Energy, estimated to cost $130 million and produce approximately 4 million gallons of RNG annually[3] - The company operates a vast network of fueling stations across the U.S. and Canada, focusing on decarbonizing transportation through renewable natural gas[21] - The company is focused on developing its RNG business and managing production sources to enhance revenue generation[28] - The company is exploring investments in hydrogen stations and modifications to fueling stations to support electric vehicles[29] Financial Reporting - The company expects to continue reporting non-GAAP financial measures to provide transparency regarding its core operating performance[22] - Adjusted EBITDA is presented as a non-GAAP measure, providing insights into the company's performance by excluding non-core operations and non-cash items[26] - The company reported a current portion of debt of $38,000 and finance lease obligations of $1,758,000 as of June 30, 2024[32] - Total liabilities decreased slightly from $525,811,000 to $516,715,000 between the two reporting periods[32]

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].

Group 1: Market Overview - The article discusses the strategy of investing in equities that have suffered significant losses, emphasizing the importance of underlying fundamentals rather than just percentage losses [1][2] - It highlights the potential for stocks near 52-week lows to present investment opportunities, provided there is a legitimate reason for a potential rebound [2][3] Group 2: Dynatrace (DT) - Dynatrace operates in the application software industry, providing a security platform for multi-cloud environments, including application and microservice monitoring [4] - The company has experienced a 19% decline over the past year, yet it has consistently beaten earnings expectations with an average earnings per share of 30 cents against a consensus of 26 cents [5] - Currently, Dynatrace shares are trading at 9.18 times trailing-year sales, which is lower than the average of 11.59 times, with projected sales growth of 15.7% to $1.65 billion by year-end [6] Group 3: SoundThinking (SSTI) - SoundThinking, formerly known as ShotSpotter, provides a gunshot detection system, which has become relevant due to increasing gun violence [7] - The company faces controversy regarding the effectiveness of its technology and sociological implications, but potential law-and-order policies could benefit its stock [8] - SoundThinking shares are currently trading at 1.59 times sales, down from 3.54 times, with projected revenue growth of 13.3% to over $105 million in fiscal 2024 [9] Group 4: Clean Energy Fuels (CLNE) - Clean Energy Fuels operates in the oil and gas refining and marketing industry, focusing on providing natural gas as an alternative fuel for vehicle fleets [10] - The company is not consistently profitable but is considered potentially undervalued, with shares trading at 1.37 times sales compared to nearly 2 times in the past year [11] - Analysts expect revenue growth of 9.5% to $470.13 million in the following year, with a high-side estimate of $526.6 million [11]

How to Determine if a Stock is Oversold quest for reaching the old equilibrium of supply and demand. A downtrend has been apparent in Clean Energy Fuels (CLNE) lately with too much selling pressure. The stock has declined 23.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. We use Relative Strengt ...

Clean Energy Fuels (CLNE) announced that it has completed the construction of a third production train at its liquefied natural gas (LNG) plant in Boron, CA. As the largest plant of its kind in Southwest United States, the Boron plant now has the capacity to produce up to 270,000 gallons of cleaner-burning LNG every day, increasing the total capacity by 50%. By adding a third production train, the supply is likely to be able to keep up with the increasing demand for bulk LNG from customers who want to decar ...

The markets are moving higher after a cooler reading on inflation stirs hopes that interest rates will be cut at some point in 2024. However, with many stocks still looking significantly overvalued, investors are on the hunt for undervalued cheap stocks. A cheap stock can be measured by fundamentals like its price-to-earnings (P/E) ratio. However, in many cases, a stock's price is the barometer of cheap or expensive. In this article, we're looking at stocks trading for $20 or less. At this price, investors ...

The more Clean Energy sells, the more money it loses. And that's a good thing?Shares of natural gas-as-vehicle-fuel provider Clean Energy Fuels (CLNE 11.50%) soared 17% through 9:50 a.m. ET this morning after beating on both the top and bottom lines last night.Heading into the first-quarter 2024 report, analysts forecast Clean Energy would lose $0.04 per share (adjusted for one-time items) on sales of $99.6 million. In fact, Clean Energy's adjusted loss was only $0.01 per share, and sales exceeded expectati ...

Clean Energy Fuels Corp. (NASDAQ:CLNE) Q1 2024 Earnings Conference Call May 9, 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 Manav Gupta - UBS Rob Brown - Lake Street Capital markets Derrick Whitfield - Stifel Matthew Blair - TPH Betty Zhang - Scotiabank Pavel Molchanov - Raymond James Craig Shere - Tuohy Brothers Jason Gabelman - TD Cowen Operator Good day, every ...

For the quarter ended March 2024, Clean Energy Fuels (CLNE) reported revenue of $103.71 million, down 21.5% over the same period last year. EPS came in at -$0.01, compared to -$0.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $106.63 million, representing a surprise of -2.74%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being -$0.03.While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

Table of Contents Washington, DC 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33480 Delaware 33-0968580 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) (949) 437-1000 | --- | --- | --- | |------------------- ...