NEW YORK, NY / ACCESSWIRE / April 23, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Clean Energy Fuels Corp. ("Clean Energy" or "the Company") (NASDAQ:CLNE). Investors who purchased Clean Energy securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/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 by visiting the firm's site: www.bgandg.com/clne. 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.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC