Why Clean Energy Fuels Corp. Dropped 10% in August
Shares of Clean Energy Fuels Corp. (NASDAQ: CLNE) dropped 10.5% in August. Virtually all of the drop occurred on August 4, the day after the company reported a loss for the second quarter of 2017.
Coupled with a controversial decision earlier in the year to sell the company's renewable natural gas production facilities to BP (NYSE: BP), investors clearly decided to take this opportunity to sell, which sent the stock down.
Clean Energy Fuels is selling more fuel than ever, but revenue and earnings are down. Image source: Clean Energy Fuels Corp.
Source: Fool.com
BP plc ADR Aktie
29,00 €
0,69 %
Mit 10 Buy-Einschätzungen und nur 1 Sell-Einschätzungen steht die Community der Aktie positiv gegenüber.
Eine Steigerung von über 20% ist für BP plc ADR möglich, angesichts eines Kursziels von 40 € gegenüber 29.0 €.
