Why Clean Energy Fuels Corp's Shares Tanked Today

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of natural gas fueling company Clean Energy Fuels Corp (NASDAQ: CLNE  ) dropped 14% today after reporting earnings.

So what: Fourth-quarter revenue was down 14.2%, to $85 million, and was short of the $92.6 million that analysts expected. The company also reported a non-GAAP loss of $23.8 million, or $0.25 per share, $0.05 worse than estimates. 

Now what: This is supposed to be a high-growth story in natural gas fuel, but even gallons delivered grew an uninspiring 13% last quarter. We keep waiting for significant growth in this industry but, so far, it's been a lot of hype and not a lot of growth. Until adoption picks up and Clean Energy Fuels can make a profit, I'm going to steer clear of this stock.

Natural gas is growing, even if Clean Energy Fuels isn't booming
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Read/Post Comments (3) | Recommend This Article (2)

Comments from our Foolish Readers

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  • Report this Comment On February 28, 2014, at 7:24 PM, annoyed wrote:

    I bought clean energy on Motley Fool suggestion.

    Sometimes I think you guys shoot your self in your feet. Westport Innovations and Container Store, and cosan to name a few.

  • Report this Comment On March 01, 2014, at 7:55 AM, beauwest wrote:

    I purchased this because it was and is currently a recommendation on the Motley Fool Stock Advisor?

  • Report this Comment On March 02, 2014, at 11:47 AM, KWald12 wrote:

    Always conduct your own due diligence. Its a recommendation based on a long term thesis, short term movements in the stock dont affect the long term.

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DocumentId: 2859811, ~/Articles/ArticleHandler.aspx, 8/31/2015 5:56:24 PM

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Travis Hoium

Travis Hoium has been writing for since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

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Related Tickers

8/31/2015 3:59 PM
CLNE $5.32 Up +0.15 +2.90%
Clean Energy Fuels CAPS Rating: ****