CLNE - Why Clean Energy Stock Just Popped Ahead of Earnings
Clean Energy Fuels (NASDAQ: CLNE) shares hit a rough patch last month. No sooner had Clean Energy stock peaked on news of a big natural gas supply deal inked with the Los Angeles Metro than Clean Energy got hit by a downdraft.
By close of trading Monday, shares of the natural gas-for-vehicle fuel company shed 43% of its market capitalization. Investors began worrying that higher bond rates might make for more attractive investments than shares of a company which saw declining sales in three of the last six quarters and lost money in four of them.
And yet today, Clean Energy shares are up 13.7% in 1:30 p.m. EST trading.
For further details see:
Why Clean Energy Stock Just Popped Ahead of Earnings