Clean Energy Fuels (NASDAQ: CLNE) is up a stunning 375% this year, and it has been quite the rise for the little-known green energy player.
This article covers the key information you need to know about one of the hottest ‘meme stocks’ on the market: Clean Energy Fuels Corp.
We explore the history of the company, its investment prospects, and we also provide a price forecast to help you understand where we are in the cycle right now.
For those of you who want to buy CLNE shares right now, scroll down to see our list of the two best places to buy CLNE stock in the UK and elsewhere.
Where to buy Clean Energy Fuels stock
The best platforms to invest in Clean Energy Fuels shares are reliable, low-free stockbrokers. These are easy-to-use platforms that make the process of investing easy. Simply sign up and deposit funds, and then you can buy, sell and trade CLNE stock. Here are our two favourites:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
What is Clean Energy Fuels?
Founded in 2001, it is a corporation that produces and sells renewable and conventional natural gas with the aim of creating a coherent green solution to the energy problems of today.
The company’s main products are compressed natural gas (CNG) and liquefied natural gas (LNG), which it currently sells into the North American market.
For the last 5 years, the stock had been stagnant, but thanks to speculative Reddit investors who have spotted the large percentage of shorted CLNE shares, it has experienced quite the resurgence in recent months.
Should I buy CLNE shares?
If you are looking for a highly speculative stock that has the potential to be the next GameStop or AMC Entertainment, CLNE is definitely one to consider. Provided you are realistic about the significant risk to your capital, it could be a good bet.
CLNE price target
Our current 12-month Clean Energy Fuels price prediction is as follows: a median target of $20, with a high estimate of $27 and a low of $11. Make sure you take this price forecast with a pinch of salt because of the unpredictable market forces that are currently being applied to the stock.