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].

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 ...