Clean Energy Fuels soars 27% on a deal with Amazon to supply renewable natural gas

Clean Energy Fuels soars 27% on a deal with Amazon to supply renewable natural gas
insider@insider.com (Carla Mozée)
© Craig Ruttle/AP
Craig Ruttle/AP
Clean Energy Fuels shares climbed 27% during Monday's session after reaching a renewable natural gas supply deal with Amazon.
The company will supply Amazon's delivery trucks with natural gas at up to 46 Clean Energy fueling stations.
Clean Energy granted to Amazon a warrant to purchase more than 53 million of its shares.
Shares of Clean Energy Fuels jumped Monday following an agreement to supply renewable natural gas at its fueling stations to Amazon's delivery fleet.
Clean Energy said it will provide Amazon Logistics low and negative carbon renewable natural gas at 27 of its Clean Energy fueling stations. The company will provide natural gas at another 19 non-exclusive new or upgraded stations that Clean Energy expects will be built by the end of 2021.

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