Clean Energy Fuels (CLNE) Stock Falls on Earnings Miss

NEW YORK (TheStreet) -- Shares of Clean Energy Fuels (CLNE) were falling 1.9% to $8.67 Tuesday after the natural gas company missed analysts' estimates for earnings and revenue in the first quarter.

Clean Energy Fuels reported a loss of 32 cents a share for the first quarter, below analysts' estimates of a loss of 26 cents a share for the quarter. Revenue fell 9.9% year over year to $85.85 million, missing analysts' estimates of $100.6 million.

The company said that it delivered a total of 72.5 million gallons of compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) in the first quarter, up from 59.3 million in the year-ago quarter. The company delivered 52.4 million gallons of CNG, 18.3 million gallons of LNG, and 4.5 million gallons of RNG.

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 number of negative factors, 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 disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself, generally high debt management risk and feeble growth in its earnings per share."

You can view the full analysis from the report here: CLNE Ratings Report

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