Friday, October 24, 2014

Update: Clean Energy Fuels Reports Q3 '14 Earnings


 

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.

 Disclosure: No positions mentioned. Please read the disclaimer page for more details.

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