|Bid||11.58 x 2900|
|Ask||11.64 x 3200|
|Day's Range||10.15 - 12.32|
|52 Week Range||1.05 - 19.79|
|Beta (5Y Monthly)||1.89|
|PE Ratio (TTM)||69.70|
|Earnings Date||Mar 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.00|
U.S. alternative fuels supplier Clean Energy Fuels Corp and its largest shareholder, European oil and gas producer Total SE, announced terms of a new joint venture on Thursday focused on renewable natural gas (RNG) production. Clean Energy's shares rose 7.5% to $13.15 in pre-market trading. The joint venture, owned equally by both firms, will have an initial firm commitment of $100 million to build renewable gas production facilities.
Clean Energy and Total Sign Joint Venture to Develop Carbon-Negative Fuel and Infrastructure
Shares of Clean Energy Fuels (NASDAQ: CLNE) surged 27.5% in February, according to data from S&P Global Market Intelligence. Clean Energy offers compressed natural gas (CNG), renewable natural gas (RNG), and liquefied natural gas (LNG) via a nationwide network of refueling stations. As such, its share price is likely to follow sentiment about the possibility of wide-scale adoption of natural gas as a more environmentally friendly fuel.