Why Clean Energy Fuels Corp. Shareholders Have Something to Worry About

A few years ago, Clean Energy Fuels (NASDAQ: CLNE) was looked upon as the future of the trucking industry. Long-haul trucks were being built to run on natural gas, with the help of Westport Innovations' (NASDAQ: WPRT) technology, and it made financial sense for both long- and short-haul trucks and local buses to make the switch. As the fueling station infrastructure expanded, it would get progressively easier for vehicle operators to go with natural gas fuel, and the industry was anticipated to experience explosive growth. 

But that's not exactly what's happened. Natural gas as a vehicle fuel has hit a wall in the marketplace, and batteries are now becoming a viable power option for environmentally focused customers that Clean Energy Fuels might once have expected to land. Here's why the future may look even darker for the company and its fuel source. 

Image source: Getty Images.

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Source: Fool.com