CLNE - Why Clean Energy Fuels Stock Is Surging Today
Shares of Clean Energy Fuels (NASDAQ: CLNE) had jumped more than 16% by 10:30 p.m. ET on Wednesday. Driving the stock of the cleaner transportation fuel provider was its strategy update.
Clean Energy Fuels provided investors with details on its five-year strategic and financial plan today, including the development of its renewable natural gas (RNG) supply business. RNG is a sustainable fuel produced by organic waste at landfills, farms, and other facilities. Capturing this methane sharply lowers carbon emissions, the company says.
A biogas plant at a farm. Image source: Getty Images.
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Why Clean Energy Fuels Stock Is Surging Today