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CLNE - Checking Under The Hood At Clean Energy Fuels
Clean Energy Fuels Corp.
Clean Energy Fuels (CLNE) recently reported quarterly results that sent the stock soaring last week. I poked into a few non-traditional metrics to assess the recent performance of the company and see if this price jump was warranted.
Efficiency is increasing
One of the challenges that Clean Energy has had over the last several years is attaining profitability. Management has taken several steps toward achieving this: reducing SG&A expenses, restructuring and selling subsidiaries to reduce debt, and closing some underperforming stations. The company has made progress on all these fronts. SG&A is low