Clean Energy Fuels (NASDAQ: CLNE) stock has surged in value in the last week.
Now some investors are suggesting it could be the target of the next dramatic short squeeze. So, in this article, we explain what the company is, what its investment prospects are, why it is rising in value and where to buy Clean Energy Fuels stock online.
How and where to buy CLNE stock today
If you want to invest in CLNE, the best platform to use is a top stockbroker. Brokers are online services that allow retail investors to create an investment portfolio with various instruments, such as stocks, cryptocurrencies, forex and commodities.
The following brokers are industry-leading thanks to their low fees, user-friendly interface and quality customer service:
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
What is Clean Energy Fuels?
It is a company that is focussed on the production and sale of both renewable and conventional natural gas. Formed in 2001 and based in the US, Clean Energy Fuels sells liquefied natural gas (LNG) and compressed natural gas (CNG) products into the North American market.
Why is Clean Energy Fuels on the up?
The primary reason behind this price movement is the short squeeze dynamic that was created by Reddit community, WallStreetBets. This has affected the prices of numerous stocks, and it appears CLNE may have been caught up in the craze.
However, Clean Energy Fuels also has a lot of fundamental value, and many investors are buying into the green energy macro story. As national governments begin to pivot away from conventional fossil fuels, and incentivisation become ubiquitous for both suppliers and consumers, CLNE could be primed for growth.
Should I buy CLNE stock?
For speculative investors with an appetite for risk, or for green investors who want to solve environmental issues while turning a profit, CLNE is definitely worth considering. However, if you are after a safer and stabler stock, you may be better off investing in a large-cap company.
CLNE price target
Our CLNE price prediction remains nebulous for now. Most analysts have a median target of $20 over the next 12 months, though because of the speculative nature of this stock and the commercialisation it needs to drive to generate value, we remain unsure how things will play out this year.