Clean Energy Fuels (CLNE) Stock Falls Today Following Friday's Surge

Shares of Clean Energy Fuels (CLNE) were down in morning trading Monday as investors took profits following the stock's surge Friday after the gas utilities company's fourth-quarter earnings beat.

By Andrew Meola , Mar 2, 2015 11:13 AM EST

NEW YORK (TheStreet) -- Shares of Clean Energy Fuels (CLNE) - Get Report fell 6.49% to $5.62 in morning trading Monday as investors took profits following the stock's surge Friday after the gas utilities company's fourth-quarter earnings beat.

The company posted earnings of 11 cents a share for the quarter, which beat analysts' estimates of a loss of 17 cents a share. Revenue surged 55.4% year-over-year to $132.1 million, which surpassed analysts' estimates of $111.16 million.

Clean Energy Fuels announced it delivered 72.4 million gallons of gas in the fourth quarter, up from 55.5 million gallons in the same quarter one year earlier. Clean Energy Fuels delivered a total of 265.1 million gallons of gas in 2014, an increase from 214.4 million gallons in 2013.

"I'm very pleased with our continued volume growth, strong station construction sales and continued leveraging of our existing infrastructure. The enactment of the alternative fuel excise tax credit at the end of 2014 was a nice bump to our results for Q4 and 2014 which will also be a positive cash inflow in 2015," said CEO and President Andrew J. Littlefair in a statement.

"Of course the energy sector remains under pressure, but we are able to continue to offer a cleaner fuel and maintain our economic advantage albeit at a slightly smaller spread," he continued.

Raymond James Financial also reiterated its "underperform" rating on the stock on Monday.

Separately, TheStreet Ratings team rates CLEAN ENERGY FUELS CORP as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate CLEAN ENERGY FUELS CORP (CLNE) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk."