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Clean Energy Remains A Margin Story That Isn't Improving

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Summary

  • Clean Energy continues struggling to make financial progression.
  • The company runs a low-margin business, but it continues to sell investors on a "concept".
  • The stock remains a momentum story that investors should exit when the recent run ends.
The stock of Clean Energy Fuels (NASDAQ:CLNE) made an incredible run over the last few months on what appears more momentum than reality. The company missed Q1 estimates and again pushed the quarterly loss back to the $0.30 level. Amazingly the stock didn't sell off on this news. In addition, investors appear to have mostly brushed aside the scathing report from The Street Sweeper. The stock is amazingly close to the highs for the year.

Read the full article on Seeking Alpha.


Disclosure: No position mentioned. Please review the disclaimer page for more details. 




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