CLNE stock: 8 reasons why clean energy investors are feeling optimistic today
Clean energy (NASDAQ:CLNE) shares rise Wednesday after the company’s RNG Day webcast for investors.
Let’s review this presentation below to see what got investors in CLNE shares excited today!
- The RNG Day event showcased the company’s strategic and financial plans for the next five years.
- This includes setting up a methane capture digester at Millenkamp Dairy in Jerome, Idaho.
- Millenkamp Dairy is one of the largest dairy farms in the United States
- Clean Energy expects this operation to supply it with five million gallons of ultra-low-carbon RNG each year.
- This will be used for the company supply network.
- It also specifies that this project is being developed as part of the company’s joint venture with BP (NYSE:BP).
- Clean Energy also plans to give more details about its plan for the next five years during a presentation.
- This includes opportunities in various states for RNG production.
Andrew J. Littlefair, President and CEO of Clean Energy, said the following in the press release reinforcing CLNE stock today.
“With a reduction in carbon emissions of up to 500%, RNG is the epitome of renewable energy. It has enormous potential for sustainable transportation, so we are focusing on a pathway to increase both production and distribution of this carbon-negative fuel.
CLNE stock is also seeing intense trading today alongside the company’s announcements. This has around 9 million shares changing hands at the time of this writing. That’s quite a jump from its average daily volume of around 3.6 million shares.
Investors looking for more stock market information today are in luck!
We have all the latest stock market coverage traders need to know for Wednesday. Among these is what is happening with the actions of Exela Technologies (NASDAQ:XELA) Inventory, Share capital Suvretta I (NASDAQ:NADA) shares, and Satellogic (NASDAQ:SATL) Inventory. You can read more about these topics at the following links!
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As of the date of publication, William White had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.
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