Clean Energy Fuels' stock soars 19% after France's Total SA plan to take 25% stake
Clean Energy Fuels' stock soars 19% after France's Total SA plan to take 25% stake
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Clean Energy Fuels' stock soars 19% after France's Total SA plan to take 25% stake
French oil-and-gas company Total SA FP.FR will buy a 25% stake in U.S.-based Clean Energy Fuels Corp. CLNE and become its largest shareholder, the companies said Thursday. Under the deal, Total has agreed to purchase up to 50.8 million shares of Clean Energy's common stock for $83.4 million, receiving a 25% stake in the U.S.
Total to buy 25% stake in Clean Energy Fuels, becoming top shareholder
Short interest in the solar energy stocks we cover dropped in the two-week reporting period that ended April 30. So did short positions in alternative energy stocks.
A Low Risk Tesla Short Play: Buy Clean Energy Fuels
Short interest in solar and alternative energy stocks was mixed in the most recent two-week reporting period. The increases in short interest were larger than the decreases, however.
In the two-week short interest reporting period that ended March 29, the solar and alt energy stocks we track showed an overall decline in short interest.
Short interest rose on solar stocks as share prices increases over the reporting period to March 15. Short interest in alt energy stocks was mixed.
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Short interest in solar stocks fell in the two-week period to February 28 and rose on alternative energy stocks.
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Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It also designs, builds, operates, serves, and repairs and maintains fueling stations; and manufactures, sells, and serves non-lubricated natural gas fueling compressors and other equipment used in CNG and LNG stations. The company was founded by T. Boone Pickens and Andrew J. Littlefair in 1996 and is headquartered in Newport Beach, CA. (See Full Profile)
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