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Why Clean Energy Fuels Stock Popped (Another) 20% This Morning

Rich Smith, The Motley Fool
·2-min read
Why Clean Energy Fuels Stock Popped (Another) 20% This Morning

For the second day in a row, shares of renewable, compressed, and liquefied natural gas supplier Clean Energy Fuels (NASDAQ: CLNE) rushed out of the gate Thursday, scoring a 20% gain early in the day before retreating to a (still respectable) 4.8% gain as of 11:20 a.m. EDT. To recap, late on Tuesday Clean Energy announced a partnership with Chevron, whereby Chevron will produce clean, "renewable natural gas," or RNG, for use as an automotive fuel and Clean Energy would distribute and sell it to truckers driving out of the ports of Los Angeles and Long Beach. To date, Clean Energy has struggled somewhat to grow its business.

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