Clean Energy Fuels (CLNE) Stock Pops on Washington Transit Contract

NEW YORK (TheStreet) -- Shares of Clean Energy Fuels (CLNE) were jumping 5.84% to $4.62 on heavy trading volume late Thursday morning after the Newport Beach, CA-based company was awarded a multi-year contract with the Washington, DC Metro Area Transit Authority.

The natural gas provider will deliver alternative fuel for compressed natural gas (CNG) transit vehicles.

Clean Energy's agreement covers two transit stations in the metro DC area that supply more than 580 compressed natural gas vehicles, according to a company statement.

The two stations require about six million gasoline gallon equivalents annually.

Washington's transit authority services more than four million people across the region.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "sell" with a ratings score of D.

Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures.

You can view the full analysis from the report here: CLNE


More from Markets

Goldman Women Find Bias in Pay as Corporate Old-Boy Clubs Endure

Goldman Women Find Bias in Pay as Corporate Old-Boy Clubs Endure

Dow Trades Lower After Momentum From China Rally Fades, Nasdaq Rises

Dow Trades Lower After Momentum From China Rally Fades, Nasdaq Rises

Can OPEC Still Influence the Price of Crude Oil?

Can OPEC Still Influence the Price of Crude Oil?

JPMorgan, Bank of America Racked by Veiled Losses on Bond Holdings

JPMorgan, Bank of America Racked by Veiled Losses on Bond Holdings

Jim Cramer Reveals Which Earnings Report All Investors Should Watch

Jim Cramer Reveals Which Earnings Report All Investors Should Watch