GO
Loading...

Green Trade: Clean Energy Fuels Ahead of Itself?

Clean Energy Fuels has been one of the best performers of the week. Is the stock poised for more gains, or should you sell the pop?

Although the Fast traders like the concept of the company -- which is to advance natural gas as an alternative fuel -- they are skeptical that the Clean Energy Fuels stock has a lot more upside in the near term.

“The stock has run very far, very fast”, says trader Patty Edwards. “It has all the makings of short squeeze.”

On top of being ahead of itself, Edwards is also fears downward pressure will be generated by reports of insider selling.

On Wednesday, two insiders filed SEC Forms 4 indicating that they sold 206,000 shares for $4.1 million, pursuant to 10b5-1 plans. Of these, the large majority, 200,000 shares, were sold by CEO Andrew Littlefair, and he ended with 0.25 million shares after the sale, reports the website Seeking Alpha.

Trader Steve Grasso shares the concerns raised by Edwards.

“The stock also has political risk,” he says. That is, politicians are not unified on how to move forward with alternative energy issues.





______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On Mar 23, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long NXPI; Joe Terranova is long IBM; Joe Terranova is long MCD; Joe Terranova is long EMC; Joe Terranova is long MSFT; Joe Terranova is long JOY; Joe Terranova is long OXY; Joe Terranova is long LQD; Joe Terranova is long POT; Joe Terranova is long TBT; Steven Weiss is long JPM; Steven Weiss is long SNDK; Steven Weiss is long BRCM; Steven Weiss is long QCOM; Steven Weiss is long BAC; Steven Weiss is long NAV; Steven Weiss is long WLP; Steven Weiss is long HAIN; Steven Weiss is long TBT; Steven Weiss is long TBF; Steven Weiss is short X; Steven Weiss is short FXA; Steven Weiss is short FCP; Steve Grasso is long ANR; Steve Grasso is long ASTM; Steve Grasso is long AVAV; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long MHY; Steve Grasso is long NUAN; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long PRST; Steve Grasso is long S; Steve Grasso is long XLU; Steve Grasso is long ZAZA; Patty Edwards is long for clients AAPL; Patty Edwards is long for clients BKCC; Patty Edwards is long for clients JWN; Patty Edwards is long for clients GLD; Patty Edwards is long for clients ED; Patty Edwards is long for clients EXC; Patty Edwards is long for clients INTC; Patty Edwards is long for clients JOY; Patty Edwards is long for clients SBUX; Patty Edwards is long for clients VLO; Patty Edwards is long for clients AMZN; Patty Edwards is long for clients NKE; Patty Edwards is long for clients HLF; Patty Edwards is long for clients PM; Patty Edwards is long for clients CBI; Patty Edwards is long PM

Dan Dicker
Dan Dicker is long RDS
Dan Dicker is long BHI

Nicole Miller Regan
The following companies have been investment banking clients of Piper Jaffray during the past 12 months: BBR
The following companies have been investment banking clients of Piper Jaffray during the past 12 months: GMCR
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BAGL
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BBRG
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BJRI
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CAKE
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CCSC
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: GMCR
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: PEET
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: PFCB
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: PNRA
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: RRGB
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: RUTH
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: SBUX
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: SONC
Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: CMG
Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: DRI
Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: EAT
Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: MCD

For Jack Micenk
No disclosures

For Randy Frederick
No disclosures

For Gerard Cassidy
No disclosures

Ken Sena
No disclosures

CNBC.com with wires.

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report

  • Bill Nygren, Oakmark Fund, explains why Apache, Bank of America and Google will be winners in 2015.

  • Nick Tiller, Sustainable America founder and chairman, tells CNBC's Kate Kelly oil prices are poised for a tradable rally. Tiller likes the Brent ETF and energy sector.

  • Discussing interesting trends contributing to the market's rally into year's end, with the FMHR trader Josh Brown and Dan Greenhaus, BTIG.