Clean Energy Fuels Stock Drops Over 17% In 7 Days

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The stock of Clean Energy Fuels ($NASDAQ:CLNE) went down by over 17% in the last 7 days. This was after the company released its quarterly earnings report. Many investors were disappointed with the report and sold off their shares. Clean Energy Fuels is a company that provides natural gas and renewable natural gas for transportation. It has a network of fueling stations across the United States.

The company’s quarterly report showed that revenue and earnings were both down compared to the previous quarter. This miss was unexpected by many investors and caused the stock price to drop. The company is expected to continue to grow as the demand for clean energy increases.

Earnings

This was in response to the company’s earning report for the second quarter of their fiscal year 2022. In the report, it was revealed that the company earned a total of 358.7 million dollars in revenue but lost 43.7 million dollars in net income. Although this is an overall loss, it is important to note that this is a significant increase from their total revenue of the previous year which was only 291.7 million dollars. In fact, over the course of the last three years, Clean Energy Fuels has seen a 40.3% increase in total revenue. This is a sign that the company is slowly but surely turning a profit.

However, investors are still weary of the company’s future prospects.

Share Price

Clean Energy Fuels Corporation is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company’s stock price has been volatile in recent days, dropping over 17% in the past week. Despite the recent stock price decline, news sentiment towards CLEAN ENERGY FUELS has been mostly positive. On Wednesday, the stock opened at $5.0 and closed at $4.9, down by 3.2% from the prior closing price of $5.0. The company’s stock has been under pressure due to a number of factors, including the continued decline in oil prices, which has hurt demand for alternative fuels such as natural gas.

In addition, CLEAN ENERGY FUELS has been hurt by the strong U.S. dollar, which has made its products more expensive for overseas customers. Despite these challenges, CLEAN ENERGY FUELS remains a leading provider of natural gas fuel for vehicles, and its products are in high demand by fleets looking to reduce their emissions and operating costs. The company is also working on expanding its business into new markets, such as China, which could provide significant growth opportunities in the future.

VI Analysis

If you’re considering investing in Clean Energy Fuels, it’s important to look at the company’s fundamentals to get an idea of its long-term potential. The VI app makes this easy, with a variety of ratings and risk warnings that can help you make informed investment decisions. Based on the VI Risk Rating, Clean Energy Fuels is a medium risk investment in terms of financial and business aspects.

However, the app has detected 2 risk warnings in the income sheet and balance sheet. As a registered user, you can access this information to make a more informed decision about whether or not to invest in this company.

Summary

Clean Energy Fuels, a natural gas company, has seen its stock price drop over 17% in the past 7 days. This is despite the company seeing mostly positive news sentiment during this time period. The stock price appears to have moved down in response to some negative news stories about the company, including a story about the company potentially having to restate its financials. However, the company’s share price may rebound in the future as the company continues to invest in clean energy technologies.