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Why Clean Energy Fuels, Pacific Ethanol, and Transocean Dropped Big on Monday

Why Clean Energy Fuels, Pacific Ethanol, and Transocean Dropped Big on Monday

Shares of oil and alternative fuel stocks took a nosedive on Monday as the market sank and oil tumbled. Three of the most notable moves were Clean Energy Fuels (NASDAQ: CLNE) dropping as much as 14.9%, Pacific Ethanol (NASDAQ: PEIX) falling up to 19.1%, and Transocean (NYSE: RIG) plunging 17.8%. There are a few factors to consider today, and none of them should change your fundamental investment thesis in these stocks.