Summary
- 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.
Read
full article at Seeking Alpha.
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