Clean Energy (CLNE)

[Jack_Bolander]

It was a Terrible Quarter !!!

Margins are DOWN ! 38+% to 33%

LNG Volumes are DOWN ! 54 to 50.9 ... more than 5.0%

RNG Volumes are DOWN ! 7.7 to 2.3 ... more than 70% !

ONLY 84.5 million gallons delivered ! Way below expectations of 100 million, and a pitiful amount considering CLNE has spent Billions of Dollars and more than 15 years working on natural gas fuels.

Revenues were below analysts expectations !

CLNE has retreated to building new stations on spec, in an effort to boost volumes and revenues, a strategy they had abandoned earlier and admitted internally that is was not successful. How will they pay for these new stations? Not with cash-flow. They will need to use some of the cash reserves on hand, or more likely, another secondary offering.
The reason for the large decrease in the share price after earnings is because this was a very disappointing earnings report, and the change in strategy is seriously troubling.