Clean Energy Fuels shares fell on Thursday, after the company revealed that its largest shareholder TotalEnergy reduced its stake by about 10.6 million shares.
TotalEnergy now holds 53.44 million, or 26.7%, of Clean Energy's outstanding shares, according to a filing with the Securities and Exchange Commission. That's lower than the 64 million shares, or 32%, that a filing Monday said TotalEnergy owned.
On Wednesday, the company's stock surged more than 30%, leading to a month-to-date gain of more than +64%. The stock was part of the Reddit-fueled meme-stock craze.