A Closer Look at Clean Energy Fuels Earnings
Clean Energy Fuels (NASDAQ: CLNE) reported second-quarter results on Aug. 8, delivering solid double-digit growth in fuel deliveries and strong cash flows. Fuel volume increased 11% from last year, and nearly 5% higher than the first quarter; operating cash flows were $17 million, helping the company end the first half of the year with a stronger balance sheet than it started with.
Mr. Market didn't respond happily to the company's results, however. The share price fell more than 10% the first day after earnings and are down nearly 25% since as of this writing, joining many other energy-related stocks that have taken a pummeling over the past week on global trade and recession fears.
Image source: Clean Energy Fuels.
Source Fool.com
