Weakness Seen in Clean Energy Fuels (CLNE): Stock Plunges 13.7% - Tale of the Tape

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Clean Energy Fuels Corp. ( CLNE ) saw a big move on Friday, as the company's shares fell nearly 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CLNE, as the stock is now down over 28% in the past one-month time frame.

The company, which provides natural gas fuel for transportation, has seen 1 downward revision in the current year estimates over the past few weeks, while the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

CLNE currently has a Zacks Rank #4 (Strong Sell) while its Earnings ESP is 0.


Some better-ranked stocks in the same sector include Southwest Gas Corporation ( SWX ), Vectren Corporation ( VVC ) and American Electric Power Co., Inc. ( AEP ). All these stocks hold a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AEP , CLNE , SWX , VVC

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