Why Clean Energy Fuels, Pacific Ethanol, and Transocean Dropped Big on Monday

Travis Hoium, The Motley Fool
·3-min read
Why Clean Energy Fuels, Pacific Ethanol, and Transocean Dropped Big on Monday

Shares of oil and alternative fuel stocks took a nosedive on Monday as the market sank and oil tumbled. Three of the most notable moves were Clean Energy Fuels (NASDAQ: CLNE) dropping as much as 14.9%, Pacific Ethanol (NASDAQ: PEIX) falling up to 19.1%, and Transocean (NYSE: RIG) plunging 17.8%. There are a few factors to consider today, and none of them should change your fundamental investment thesis in these stocks.