Why Clean Energy Fuels' Stock Jumped 10.9% in August

Shares of natural gas fuel specialist Clean Energy Fuels (NASDAQ: CLNE) rose 10.9% in August, according to data provided by S&P Global Market Intelligence, slightly outpacing the S&P 500's 7% gain. That marked the second straight month of outperformance for Clean Energy and firmly put it in positive territory for 2020. Clean Energy's stock is up about 10.7% year to date. 

In early July, Clean Energy's shares got a big boost when oil major Chevron announced it was partnering with the company to promote renewable natural gas fuel in truck fleets serving the Port of Los Angeles. Clean Energy's renewable natural gas fuel, branded Redeem, has been one of its hottest products.

Image source: Clean Energy Fuels.

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Source Fool.com