Compressed and liquefied natural gas provider Clean Energy Fuels (NASDAQ:CLNE) is known for serving the transportation industry. However, not every CLNE stock trader is overly concerned about what the company actually does.
As you are probably already aware, we’re living in a time when some Reddit users have the power to move asset prices. Sometimes, they focus on particular stocks as short-squeeze targets. When Redditors set their sights on these so-called “meme stocks,” company fundamentals and financials may be ignored. As a result, some folks might be trading CLNE stock without any appreciation of Clean Energy Fuels’ true value proposition.
That’s unfortunate. Why? Because this is a company that’s genuinely helping companies seek solutions to address climate change. And in the process, Clean Energy Fuels is generating notable revenues — a much more sensible reason to invest in the company.
#energy #nasdaq #stock #cleanenergy #gas #industrial #serving #naturalgas #status #industry #company #meme #transportation #trader #worldlynewsonline