Clean Energy Fuels (CLNE) Up 4% Following Earnings Beat

Clean Energy Fuels Corp. (CLNE) reported fourth quarter non-GAAP EPS of $0.11 after the bell Thursday, compared to the consensus estimate of ($0.09). Revenues increased 55.4% from last year to $132.1 million. Analysts expected revenues of $112.73 million. The stock is now up $0.28, or 4.38%, to $5.32 on 2.19 million shares.

Revenue for 2014 came in at $428.9 million, compared to $352.5 million in 2013. The company said that gallons delivered for Q4’14 increased 30% to 72.4 million gallons, compared to 55.5 million gallons delivered in Q4’13. For the year ended December 31, 2014, gallons delivered totaled 265.1 million gallons, up from 214.4 million gallons delivered in the year ended December 31, 2013.

Andrew J. Littlefair, Clean Energy’s President and Chief Executive Officer, stated “I’m very pleased with our continued volume growth, strong station construction sales and continued leveraging of our existing infrastructure.”

On valuation measures, Clean Energy Fuels Corp. shares, which currently have an average 3-month trading volume of 1,654,860 shares, trade at a trailing-12 P/S of 1.24 and a P/E to growth ratio of (0.18). The median Wall Street price target on the name is $8.50 with a high target of $15.00. Currently ticker boasts 3 ‘Buy’ endorsements, compared to 5 ’Holds’ and 2 ‘Sell’.

Profitability-wise, CLNE has a t-12 profit and operating margin of (32.30%) and (20.98%), respectively. The $453.88 million market cap company reported $248.06 million in cash vs. $619.65 million in debt in its most recent quarter.

CLNE currently prints a one year loss of about 46% and a year-to-date return of around 5.11%.

The chart below shows where the equity has traded over the last 52 weeks.

Clean Energy Fuels Corp. is a Newport Beach, California-based provider of natural gas as an alternative fuel for vehicle fleets.

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