Clean Energy Fuels (NASDAQ: CLNE) has continued its upwards surge, with its share price climbing to over $12 on Monday morning.
Clean Energy Fuels is clearly the subject of attention for many retail investors right now, with Reddit community WallStreetBets, in particular, focussing a great deal of their energy on it.
The renewable energy player’s rise is meteoric, and encouragingly, it appears to only just be getting started.
So, in this article, we cover everything you need to know before you invest in Clean Energy Fuels shares. This includes what the company is, whether you should buy shares, and the best places to buy CLNE stock in the UK and elsewhere. Scroll down to get involved.
How and where to buy CLNE stock today
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What is Clean Energy Fuels?
Formed in 2001 and headquartered in the US, it is a company that produces and sells both renewable and conventional natural gas. More specifically, it sells liquefied natural gas (LNG) and compressed natural gas (CNG) products to consumers across America.
Why is Clean Energy Fuels stock rising?
Thanks to Reddit investors creating what is called a ‘short squeeze,’ where a stock’s price exponentially rises thanks to buying pressure.
In the long term, the company’s fundamental green value could come to the forefront as national governments the world over segue towards cleaner, greener energy.
Should I buy CLNE stock?
If you are a highly speculative investor who doesn’t mind being exposed to risk, it is definitely a stock to seriously consider. If you are looking for something more stable and predictable, your best bet is to look elsewhere.
CLNE price target
Most analysts give a median CLNE price prediction of around $20 for the next 12 months, though given the unpredictable forces being applied to this stock right now, we expect a great deal of volatility in both directions.