Why Is Q3 Earnings Beat Not Enough to Buy Clean Energy Stock?
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Clean Energy Fuels Corp (CLNE) reported a Q3 earnings beat with an increase in renewable natural gas sales to 59.6 million gallons from 56.7 million gallons last year. Despite this, the stock may not be a buy.
November 26, 2024 | 9:15 pm
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Clean Energy Fuels Corp (CLNE) reported a Q3 earnings beat with increased sales of renewable natural gas. However, the stock may not be a buy despite the positive earnings report.
CLNE's Q3 earnings beat and increased sales of renewable natural gas are positive indicators. However, the article suggests that these factors alone may not be sufficient to consider the stock a buy, indicating potential concerns or market conditions that could offset the positive earnings news.
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