Clean Energy Fuels Corp (NASDAQ: CLNE) stock had lost 33% over the past month, and it is now at $7.56 per share. The stock currently does not seem to be very attractive to investors, perhaps considering its excessive market value.
The company reported that its revenue for the first quarter of 2021 was $77.1 million, a decrease of 10.3% compared with the same period last year, and it had $7.2 million in net loss for the quarter, compared with a net income of $1.7 million in the same period last year. These numbers mean that the company currently has an excessively high market capitalization.
In fact, Clean Energy Fuels does not have very strong catalysts to drive its stock price, the short squeezes gave its stock price a brief rise in June. You need to cautiously re-evaluate the stock if you want to invest in it. The company will release financial results for the second quarter of 2021 on August 5, 2021, perhaps it can bring forward-looking information to investors.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.