Revenue Update on Clean Energy Fuels Corp(NASDAQ:CLNE)

Clean Energy Fuels Corp(NASDAQ:CLNE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $108.03M. Analysts estimated a revenue of $94.33M. Earnings per share were $0.03. Analysts had estimated an EPS of $-0.14.

Clean Energy Fuels Corp (CLNE) made into the market gainers list on Wednesdays trading session with the shares advancing 6.27% or 0.24 points. Due to strong positive momentum, the stock ended at $4.07, which is also near the day’s high of $4.13. The stock began the session at $3.92 and the volume stood at 62,64,784 shares. The 52-week high of the shares is $6.44 and the 52 week low is $2.15. The company has a current market capitalization of $534 M and it has 13,11,88,075 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, Andrew J Littlefair (CEO and President) sold 6,390 shares at $2.53 per share price.Also, On Mar 1, 2016, Peter J. Grace (SVP, Sales and Finance) sold 8,000 shares at $2.53 per share price.On Mar 1, 2016, Mitchell W Pratt (COO and Secretary) sold 6,390 shares at $2.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs builds operates and maintains fueling stations and supplies its customers with compressed natural gas (CNG) fuel for light medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The Company also manufactures sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations. It provides operation and maintenance (O&M) services to customers offers assessment designs and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets transport. It offers vehicle finance services for some of its customers’ purchases of natural gas vehicles. The Company sells CNG to industrial and institutional energy users who do not have direct access to natural gas pipelines.

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