Clean Energy Fuels Corp. (CLNE) saw its stock plummet 6.45% in intraday trading on Tuesday, following the release of its fourth-quarter 2024 earnings report on Monday evening.
The natural gas transportation fuels and renewable natural gas production company reported financial results that appear to have fallen short of market expectations, prompting a sharp sell-off in its shares.
While the exact details of Clean Energy Fuels' Q4 performance were not disclosed, earnings reports are closely watched by investors and can significantly influence stock prices. The disappointing results seem to have led traders to reevaluate their positions in the stock, causing the steep decline in its value.
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