Clean Energy -13% to five-year lows after Q4 earnings miss

|About: Clean Energy Fuels Corp. (CLNE)|By:, SA News Editor

Clean Energy Fuels (CLNE -13.1%) falls to its lowest price since 2009 after posting Q4 earnings and revenue that trailed market consensus; the $85M in sales was down 14% Y/Y and included $22.7M in construction revenue related to the sale of two compressed natural gas stations.

Q4 deliveries rose 13% Y/Y to 55.5M gallons, and CLNE President/CEO Andrew Littlefair says 2013 "will go down as the year the heavy-duty trucking industry began its transition to natural gas in a meaningful way."

Dougherty downgrades shares to Neutral from and removes its $16 price target, as CLNE failed to give insight into its expectations for 2014 results; the firm says progress in natural gas engine adoption does not seem to be translating into increased visibility into CLNE's path to profit.