Why Clean Fuels Energy (CLNE) Stock Is Up Today

NEW YORK (TheStreet) -- Clean Energy Fuels (CLNE) was gaining 11.7% to $9.85 after beating analysts' estimates for revenue in the first quarter.

For the first quarter Clean Energy Fuels reported a loss of -30 cents a share, in-line with analysts' estimates. Revenue grew 2.4% from the year-ago quarter to $95.3 million. Analysts surveyed by Thomson Reuters expected revenue of $89.95 million for the quarter.

"We believe our years of experience and leadership position in established markets like refuse and transit are positioning us extremely well to capitalize on the young, but significant opportunity in the heavy-duty truck market," president and CEO Andrew J. Littlefair said in a press release. "Opening stations and adding incremental volume to existing stations are top priorities for our company and we continue to make significant progress toward those goals."

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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 a few notable 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 weak operating cash flow, poor profit margins, generally disappointing historical performance in the stock itself and generally high debt management risk."

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