Clean Energy Fuels Corp. Reports Mixed Results (CLNE)

Shares of Clean Energy Fuels Corp. CLNE are trading lower in the after-hours following the release of its Q1 earnings results. Currently, shares are off by 0.28%, trading at $14.26. They closed the regular session lower by 2.39%, at $14.30. Clean Energy Fuels Corp. reported Q1 EPS of ($0.05) on revenues of $65.3 million. The Street was looking for a loss of $0.09 per share on revenues of $66.9 million. Revenues increased 67.4% year over year. Andrew J. Littlefair, Clean Energy's President and Chief Executive Officer, stated, "We believe the prospects for our growth are greater than ever. We are seeing a number of indications of accelerating adoption rates for natural gas vehicles in the heavy-duty sector where major trucking companies operate fleets with high volume fuel usage.” “Dillon Transport's shift to LNG-powered trucks for transport of raw materials for Owens-Corning, the UPS decision to work with us to fuel their fleet of LNG-fueled trucks in the Las Vegas to California corridor, and Fair Oaks Dairy's move to LNG for its 24/7 fleet that serves Kroger stores are just a few recent examples of the adoption of natural gas fueling for heavy duty trucking. We plan to continue our focus on developing a national LNG fueling corridor to support natural gas truck deployment by regional and national fleet operators.” Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company designs, builds, finances and operates fueling stations and supplies its customers with compressed natural gas and liquefied natural gas.