Clean Energy Fuels Gets a Major Vote of Confidence

Clean Energy Fuels (NASDAQ: CLNE  ) has jumped more than 7% during trading over Tuesday and Wednesday as investors applaud two major catalysts for the stock.

For one, CEO Andrew Littlefair just purchased 127,000 shares, valued at approximately $1.6 million. Investors always like to see management with skin in the game, so to speak. It's a vote of confidence in the company and also aligns CEOs with shareholders' interests.

Additionally, the company announced a joint venture with industrial giant General Electric (NYSE: GE  ) to develop liquefied natural gas projects throughout the United States. Motley Fool analyst Taylor Muckerman appreciates the CEO's display of confidence, and sees the deepening relationship between GE and Clean Energy Fuels as mutually beneficial. However, Clean Energy Fuels has a bumpy history and has underperformed the market for years. Taylor likes this stock despite its volatility, and believes this stock is a long-term energy play.

Even more energy
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, the Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report, "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free. 


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2643434, ~/Articles/ArticleHandler.aspx, 12/20/2014 4:00:12 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement