9 hours ago WallStreetBets user n8hckns posted about Clean Energy Fuels Corp (NASDAQ:CLNE). The frequent WSB contributor was awarded multiple medals by the infamous Reddit-based retail investing community that was primarily responsible for the meme stock craze of 2021.
He, or she, believes Clean Energy Fuels Corp. (NASDAQ:CLNE) to be a ‘… mine of untapped potential with mega partnerships, positive rumors and (good) fundamentals.’
Can the hype about Clean Energy Fuels Corp. (NASDAQ:CLNE) be believed?
The stock has surged 40% this year, thanks mostly due to retail investors, mostly from Reddit. It’s little wonder why. It hits all the pain points the WallStreetBets community loves:
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- Undervalued company looking to capitalize but having troubles.
- Low Market cap and a target for short selling
- Has the potential to do something amazing if only they had the funding.
The Conclusion?
The company plans to expand renewable fuel solutions to customers, and invest in development. We are seeing either another potential haymaker meme stock like Gamestop (NASDAQ:GME) or a bust. Only time will tell.
So whether you choose to ‘hodl’ or sell, remember to look at fundamentals and technicals, talk to a professional and don’t rely on social media for all of your investment advice.
