KMI - Why These Gas Stocks Plummeted More Than 20% in March
Shares of natural gas companies Clean Energy Fuels (NASDAQ: CLNE), Kinder Morgan (NYSE: KMI), and NextDecade (NASDAQ: NEXT) all fell more than 20% in March, according to data provided by S&P Global Market Intelligence.
Clean Energy Fuels, which is investing in natural-gas powered trucks and filling stations, saw its shares fall 21.2% for the month. Shares of North America's largest natural gas pipeline operator, Kinder Morgan, were down 27.4%. And the stock of NextDecade, a would-be exporter of liquefied natural gas (LNG), was absolutely hammered to the tune of 50.9%. All three performed much worse than the overall market, which was only down 12.5% for the month.
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