Why Clean Energy Stock Dropped 9% Today
What goes up sometimes comes back down for no good reason.
Two days ago, natural gas refueling company Clean Energy Fuels (NASDAQ: CLNE) exploded higher on news that it had just signed a five-year contract with the Los Angeles County Metropolitan Transportation Authority (L.A. Metro) to supply 47.5 million gallons of renewable natural gas (RNG) "to fuel the nation's largest transit bus fleet."
The momentum carried into Tuesday trading, but by Wednesday, it seems Clean Energy was running on fumes, and so the shares took a breather -- down 9.1%.
Source Fool.com
