Why Clean Energy Fuels Stock Rocketed Higher in February
Shares of Clean Energy Fuels (NASDAQ: CLNE) surged 27.5% in February, according to data from S&P Global Market Intelligence. Following a 50%-plus increase earlier in the month, the stock corrected. Still, it was a remarkable move overall on the month.
Clean Energy offers compressed natural gas (CNG), renewable natural gas (RNG), and liquefied natural gas (LNG) via a nationwide network of refueling stations. As such, its share price is likely to follow sentiment about the possibility of wide-scale adoption of natural gas as a more environmentally friendly fuel.
A compressed natural gas refueling pump. Image source: Getty Images.
Source Fool.com
