- Clean Energy reports Q314 earnings.
- Based on these results, the stock is still a sell.
- Previous research anticipated that bottom line results would make no meaningful improvements over prior years.
After the close yesterday, Clean Energy Fuels (NASDAQ:CLNE)
continued the pattern of reporting
a growing market compounded by large losses. The alternative fuel
supplier did slightly beat analyst estimates for Q314, but the loss was
significantly larger than the prior year. Also, it continued a pattern
of beating estimates without the company making progress on improving
operations. Note that the company beat estimates back in Q214, yet the
stock is down substantially since that report.
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