Why Clean Energy Fuels' Shares Popped
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of natural gas fuel maker Clean Energy Fuels (NAS: CLNE) rose as much as 10% today after reporting earnings.
So what: Revenue rose 27% in the quarter to $91.5 million, well ahead of the $74.5 million bar set by analysts. The company lost $16.3 million, or $0.19 per share, but this was in line with expectations.
Now what: Clean Energy Fuels continues to make steady progress in expanding its business, as the 24% increase of gallons delivered shows. Management is pointing to the first half of next year as an inflection point when infrastructure for fueling and technology for trucks meets, and a compelling value proposition can be made for heavy-duty trucking. I'd take a wait-and-see approach given the loss, but this is an intriguing company going forward.
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The article Why Clean Energy Fuels' Shares Popped originally appeared on Fool.com.Fool contributor Travis Hoium has no positions in the stocks mentioned above. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw. The Motley Fool owns shares of Clean Energy Fuels. Motley Fool newsletter services recommend Clean Energy Fuels. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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