Home Equities Score Clean Energy Fuels Corp. (CLNE) Stock Surges Thanks to Continued Meme Stock...

Clean Energy Fuels Corp. (CLNE) Stock Surges Thanks to Continued Meme Stock Market Movement

Clean Energy Fuels Corp. (CLNE) stock prices were down by 4.44% as of the market closing on June 8th, 2021, bringing the price per share up to USD$9.90 at the end of the trading day. After-hours trading saw the stock surge by 19.80%, up to USD$11.86.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now.

Meme Stock Phenomenon

The overnight surge can largely be attributed to the meme stock phenomenon that has taken over the market since earlier last year. Despite an absence of promising developments or changes in fundamentals, these stocks are the target of a coordinated short squeeze by users of the online social media platform Reddit. Because of the lack of legitimate bases of the stocks surge, meme stocks carry a lot of inherent risk and potential volatility.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

Strong Start to 2021

Despite the lingering effects of the global pandemic, the company did manage to report promising results for the first quarter of the fiscal year 2021. The strong start is forecasted to persist as the economy and commerce gradually return to normalcy. The company continues to expand its supply network of the RNG by formalizing collaborative efforts with two progressive energy companies, Total and BP, in order to facilitate the development of additional RNG at agricultural facilities.

Agreement with Amazon

The company’s strategy to push for Clean Energy as eponymous with RNG has been largely successful, with the announcement of a fuel agreement with Amazon consolidating this success. The agreement will see CLNE supplying Amazon with RNG that could potentially represent hundreds of millions of gallons of the ultra-clean fuel.

Delivery Reports

CLNE reported having successfully delivered 92.4 million gallons over the course of the first quarter of the fiscal year 2021, representing a 7% year-over-year decrease from the 99.3 million gallons reported in Q1 2020. This difference is largely attributable to the ongoing effects of the global pandemic, at the forefront of which is the affect on airport and public transit customer markets. Gallons of RNG delivered were up 3% in Q1 2021 as compared to the prior-year quarter despite the lower fuel volumes being demanded by the airport and public transit markets.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now.

Future Outlook for CLNE

Armed with a fortuitous surge in the value of their equity, CLNE is poised to capitalize on the opportunity granted to it. The company is keen to capitalize and situate itself to make the most of a post-pandemic market that seems to be looming closer, in a bid to sustain their growth more organically. Current and potential investors are hopeful that the management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Vertex Pharmaceuticals Inc. (VRTX) stock plunged during after-hour. Here’s what you should know

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) stock gained by 1.5% at last close while the VRTX stock price declines during after-hour by 12.95%. Vertex is...

Bit Digital Inc. (BTBT) stock plunges during the current market trading session. What is happening?

Bit Digital Inc. (NASDAQ: BTBT) stock declined by -1.43% in the current market trading as of this writing. Bit Digital, Inc. is a Bitcoin...

Celsion Corporation (CLSN) stock gains in Pre-Market: Let’s Find out why.

Shares of Celsion Corporation (CLSN) stock were gaining in the pre-market today on June 10, 2021, following the announcement of new appointments by Celsion...

Medley Management Inc. (MDLY) stock soars during pre-market trading, given no recent update

Medley Management Inc. (NASDAQ: MDLY) stock gained by 8.96% at last close while the MDLY stock price rises by 108.90% in the pre-market trading...

Sphere 3D Corp. (ANY) stock surged during after-hour session. Why so?

Sphere 3D Corp. (NASDAQ: ANY) stock gained by 10.5% at last close while the ANY stock price soars further during the after-hour session by...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam