Clean Energy Fuels Corp. (CLNE) saw its stock tumble 5.54% in the after-hours trading session on Monday, following the release of its mixed fourth-quarter results.
The company reported adjusted EBITDA of $23.61 million for Q4, beating analysts' estimates of $19.3 million. However, it posted a net loss of $30.159 million, or $0.15 per share, wider than expectations. Revenue of $109.3 million surpassed the consensus estimate of $102.6 million.
While Clean Energy Fuels' top-line growth and profitability on an adjusted EBITDA basis were encouraging, the wider-than-expected net loss seemed to weigh on investor sentiment. The company's guidance and outlook for the upcoming quarters will likely provide further clarity on the stock's direction.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.