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


Shutterstock photo

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).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

AMER ELEC PWR (AEP): Free Stock Analysis Report

CLEAN EGY FUELS (CLNE): Free Stock Analysis Report

SOUTHWEST GAS (SWX): Free Stock Analysis Report

VECTREN CORP (VVC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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

This article appears in: Investing , Investing Ideas , Stocks
More Headlines for: AEP , CLNE , SWX , VVC

More from Zacks.com




Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com