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WPRT - Clean Energy Fuels Revs Up On Higher Volumes
Westport Fuel Systems Inc
Clean Energy Fuels rarely makes a quarterly profit. Now, they can see a future with consistent profits, every quarter and every year.
The company scored a minimal GAAP profit in Q4, with a small Non-GAAP loss. More impressively, in their main business, selling natural gas fuels at filling stations, their revenues increased over 20%, year-over-year.
While volume was up only slightly for the year 2018, the company sees a "low two-digits" increase in volumes in 2019. Within that, they see a 40% increase in renewable natural gas fuel volumes, similar to the increase in 2018.