Why Shares of Clean Energy Fuels Plunged 28% in May

Failing to recover from their 20% decline in April, shares of Clean Energy Fuels (NASDAQ: CLNE) dropped 28% last month, according to data from S&P Global Market Intelligence. 

Despite an April announcement of a major deal with Amazon, investors didn't seem impressed, continuing to exhibit a lack of enthusiasm into May. But that wasn't the only factor figuring into the stock's decline; investors also seemed unenthused with the company's Q1 2021 earnings report, which was released on May 6, as well as the company's guidance for 2021.

Image source: Clean Energy Fuels.

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Source Fool.com