Clean Energy Fuels Corp. (CLNE)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Clean Energy Fuels Corp. ("Clean Energy" or "the Company") (NASDAQ: CLNE). The investigation concerns whether Clean Energy and certain of its officers and/or directors have violated federal securities laws.

 

On April 20, 2021, Raymond James analyst Pavel Molchanov downgraded Clean Energy’s stock to underperform, opining that investors had been “carried away by headlines over substance.”  Responding to news of the Company’s entry into a fuel supply agreement with Amazon.com, Inc., Molchanov described the stock’s gain on the news as reflecting “sentiment-driven multiple expansion with minimal read-through for profitability” and noted that the supply agreement was for only 46 of Clean Energy’s 565 stations.  On this news, Clean Energy’s stock price fell $2.49 per share, or 21.03%, to close at $9.35 per share on April 20, 2021.

 

If you are aware of any facts relating to this investigation, or purchased Clean Energy shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

© 2020 Bronstein, Gewirtz & Grossman, LLC

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BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.