CLNE - Clean Energy Fuels gains after report that it may be viewed as activist target

Clean Energy Fuels (NASDAQ:CLNE) jumped 11% after a report speculated that it could be a potential target for an activist investor. With some investors concerns about earnings and guidance as well as shareholder "discontent," the clean energy company may become a target for an activist, according to an Activist Insight report. Insightia Vulnerability ranks CLNE as "highly" vulnerable to an activist, sitting in the 82nd percentile. An activist would likely need to wait until next year's annual meeting, with the nomination deadline scheduled for Dec. 8. CLNE short interest is 8.5%. Last month, Clean Energy Fuels (CLNE) was upgraded at Raymond James after a decade on the sidelines.

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Clean Energy Fuels gains after report that it may be viewed as activist target