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's happening: Shares of natural gas refueling leader Clean Energy Fuels Corp (NASDAQ:CLNE) fell sharply when the market opened -- almost 11% -- before rebounding pretty strongly. As of this writing, just after noon, its stock is down less than 2%.
Why it's happening: Clean Energy reported earnings for its first quarter after market hours on May 11, coming in short of analyst expectations in both net income and revenue. Then in after-hours trading, the stock was down more than 10% for most of the late session.
However, Clean Energy's current phase -- investing big bucks in new stations for growth -- adds a layer of complexity that makes it necessary to look beyond just the top- and bottom-line metrics, and it's looking like early traders this morning got burned, while those who didn't sell as soon as the market opened are benefiting from at least a little bit of patience.
For long-term investors, things look pretty good for the company. If you're looking for more, check out my full earnings take here.
Jason Hall owns shares of and options for Clean Energy Fuels. The Motley Fool recommends Clean Energy Fuels. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.