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Why Clean Energy Fuels Stock Just Popped 38%

Rich Smith, The Motley Fool
·2-min read
Why Clean Energy Fuels Stock Just Popped 38%

Shares of renewable, compressed, and liquefied natural gas supplier Clean Energy Fuels (NASDAQ: CLNE) are surging in early afternoon trading Wednesday, up a cool 38% at the 12:30 p.m. EDT mark. The surge in stock price follows a joint announcement from Clean Energy and oil major Chevron (NYSE: CVX) yesterday afternoon saying that the two companies will partner on a project to supply renewable natural gas (RNG) automotive fuel to truck operators servicing the ports of Los Angeles and Long Beach, California. The Clean Energy and Chevron initiative is dubbed Adopt-a-Port, and the two companies will have very different roles in it.

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