Clean Energy signs deals for over 58 million gallons of Redeem RNG bioenergy-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bioenergy-news.com Daily Mail and Mail on Sunday newspapers.
Shares of natural gas fuel supplier
Clean Energy Fuels (NASDAQ:CLNE) jumped in Tuesday afternoon trading, and are currently up 7.6% as of 1:40 p.m. EST.
The pop follows Clean Energy s announcement this morning that it has signed contracts with new and existing customers to supply more than 58 million gallons of Redeem renewable natural gas (RNG) over various periods of time.
Image source: Getty Images.
So what
The duration of the contracts, and the amount of time they will be spread across, will determine whether today s pop in stock price is truly deserved. In a long press release, Clean Energy named several of its customers Linden Bulk Transportation, Food Express, Adopt-A-Port, CR&R Environmental Services, and the Denver International Airport and gave more or less precise periods for execution of its contracts for some of them: anywhere from mid-2021 for Food Express to multi-year for Linden Bulk.