November has been a bad month for Clean Energy Fuels (NASDAQ:CLNE). The natural gas refueling company has lost around 10% of its value this month, with most of the decline coming after the company released mixed third-quarter results. I am saying mixed because Clean Energy had missed the top line estimate by around 6.5%, even though it trumped the earnings estimate by $0.02 per share.
What gives?
It looks like investors were disappointed by the fact that Clean Energy reported just 5% increase in revenue from the year-ago period, which was identical to the growth in its volumes.....More>>>