Why Clean Energy Fuels Corp's Shares Tanked Today

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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  • 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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