Why Clean Energy Fuels Corp. (CLNE) stock flipped in the after-hours on Wednesday?

CLNE Stock
CLNE Stock

Clean Energy Fuels Corp. (CLNE) shares gained 1.32% in after-hours on Wednesday, January 05, 2022, and closed the daily trading at $6.15. However, in the regular trading session of Wednesday, CLNE’s stock lost 8.45%. CLNE shares have fallen 32.56% over the last 12 months, and they have moved down 0.65% in the past week. Over the past three months, the stock has lost 22.68%, while over the past six months, it has declined 33.22%.

Let’s briefly discuss its recent news and developments.

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CLNE upcoming webcast

Clean Energy Fuels Corp (CLNE) will host a webcast on January 26, 2022, from 7:00-9:00 am PT to inform investors and analysts of the company’s strategic vision around its renewable natural gas (RNG) supply and the growing demand for RNG fuel by fleet customers in its North American station network.

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The president and CEO, Andrew J. Littlefair, chief financial officer, Robert Vreeland, along with other executive management will be available during the webcast.

New Board members

On December 22, 2021, Clean Energy Fuels Corp. appointed Lorraine Paskett, vice president of AES Corporation, to the Board of Directors.

Ms. Paskett holds a bachelor’s degree in Political Science from the California State University at Sacramento and went on to graduate from McGeorge School of Law in 1995. Ms. Paskett oversees all external matters in California for AES US Business.

Earlier on December 07, 2021, CLNE appointed Karine Boissy-Rousseau, Senior Vice President New Mobility and Marketing at TotalEnergies, to the Board of Directors, replacing Phillipe Charleux, who had served on the Board of Directors since February 2020.

CLNE additional contracts for RNG

On December 16, 2021, Clean Energy Fuels Corp. (CLNE) announced additional fuel and infrastructure contracts to meet the growing demand for renewable natural gas (RNG), a sustainable fuel that provides an immediate and significant carbon reduction in transportation.

Recently, Pacific Green Trucking signed a fueling agreement with Clean Energy for an estimated 1 million gallons of RNG to power 61 new natural gas trucks.

CLNE joint venture with TotalEnergies

On November 18, 2021, Clean Energy Fuels Corp. (CLNE) broke ground on a renewable natural gas (RNG) digester at Del Rio Dairy in Friona, TX, it’s first in a joint venture with TotalEnergies to produce the ultra-clean transportation fuel which will be negative carbon-intensive.

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There is no recent news that could be linked with its early loss and later minor gains on Wednesday. we are unable to predict how it will perform in the coming trading sessions.


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