Personal Finance

Why Clean Energy Fuels Corp's Shares Plunged 11.5% in February

A semi-truck driving down the highway.

What happened

Shares of Clean Energy Fuels Corp (NASDAQ: CLNE) fell 11.5% during February, according to data provided by S&P Global Market Intelligence , as investors continued to lose hope in the company. Even a new partnership couldn't save the stock last month.

So what

There wasn't one big driver of Clean Energy Fuels' fall in February, which is concerning ahead of earnings on March 13 after the market closes . The company did announce an exclusive partnership with the Harbor Trucking Association (HTA), a "leading voice" in West Coast ports. But there weren't many details and no assurance of future cash flow from the agreement, so it did little to move the needle.

A semi-truck driving down the highway.

Image source: Getty Images.

The more time goes by, the more we hear about Tesla (NASDAQ: TSLA) and others pushing further into the trucking market. Tesla is already testing its Semi to move goods from the Gigafactory to its California manufacturing plant. If electric drivetrains become viable for long-haul trucking, the natural gas fuel business will be dead.

Now what

It's hard to see how Clean Energy Fuels can have a bright future given the progress of electric vehicles over the past five years. On top of that, the company isn't making money and revenue has been declining the past two years. I don't see the outlook turning around and I think the decline in Clean Energy Fuels' stock in 2018 is just the beginning.

10 stocks we like better than Clean Energy Fuels

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Clean Energy Fuels wasn't one of them! That's right -- they think these 10 stocks are even better buys.

Click here to learn about these picks!

*Stock Advisor returns as of March 5, 2018

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Clean Energy Fuels and Tesla. The Motley Fool has a disclosure policy .

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

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

In This Story


Other Topics


Latest Personal Finance Videos

Black Friday Brings Higher Demand and Scarcer Deals

Nov 26, 2021

The Motley Fool

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Learn More