Clean Energy Continues To Expect FY24 Adjusted EBITDA Of $62M - $72M
Portfolio Pulse from Benzinga Newsdesk
Clean Energy Fuels Corp. (CLNE) has updated its 2024 outlook, expecting a GAAP net loss of approximately $(91) million to $(81) million. However, the company continues to anticipate an adjusted EBITDA of $62 million to $72 million for FY24.
August 07, 2024 | 8:18 pm
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Clean Energy Fuels Corp. (CLNE) has updated its 2024 outlook, expecting a GAAP net loss of $(91) million to $(81) million. However, the company continues to anticipate an adjusted EBITDA of $62 million to $72 million for FY24.
The updated GAAP net loss projection may concern investors, but the maintained adjusted EBITDA outlook suggests operational stability. This mixed news is likely to result in a neutral short-term impact on the stock price.
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