CLNE Stock Price: Over 35% Increase Pre-Market Explanation

By Amit Chowdhry ● June 9, 2021
  • The stock price of Clean Energy Fuels Corp (NASDAQ: CLNE) increased by over 35% pre-market. This is why it happened.

The stock price of natural gas company Clean Energy Fuels Corp (NASDAQ: CLNE) increased by over 35% pre-market. Clean Energy Fuels has become a target by retail investors active on social media. 

According to Reddit sentiment tracker Swaggy Stocks, discussions about CLNE on Reddit have been trending upwards since June 2nd. And the comment volume and positive sentiment hit a high yesterday, which also carried into today.

Clean Energy Fuels did not have any company-specific news since last month when the first quarter earnings were announced. Last month, the company said it delivered 92.4 million gallons in the first quarter of 2021, a 7% decrease from 99.3 million in the first quarter of 2020. And this decrease was principally from the continuing effects of COVID-19, primarily affecting the airports and public transit customer markets. The company’s revenue for the first quarter of 2021 was $77.1 million, a decrease of 10.3% compared to $86 million for the first quarter of 2020.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.