Yaupon Capital Management LP acquired a new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 425,511 shares of the utilities provider’s stock, valued at approximately $2,608,000. Clean Energy Fuels makes up approximately 1.5% of […]
HighMark Wealth Management LLC acquired a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the utilities provider’s stock, valued at approximately $61,000. Several other hedge funds and […]
Clean Energy Fuels Corp (NASDAQ:CLNE) stockholders could benefit from global push to cut carbon emissions. The company produces clean, renewable natural gas for the transportation sector. The opportunity is inviting with Clean Energy Fuels stock.
Clean Energy Fuels caught in Reddit memestock mania as shares surge
The company, which specialises in technology that converts methane into renewable natural gas, has seen its stock rise over 20% in early deals on Wednesday
Clean Energy Fuels Corp (NASDAQ:CLNE) is the latest stock to benefit from the latest Reddit-inspired retail trading frenzy as the value of the natural gas supply company rocketed in morning deals on Wall Street.
In mid-morning trading on Wednesday, the company’s shares were up 21.3% at US$12.11 after hitting a two-month high of US$13.82 earlier in the session.
The upsurge in trading appears to have coincided with increased chatter about CLNE on Reddit forum r/wallstreetbets, which is widely credited as sparking similar buying frenzies in the shares of firms such as GameStop Corp (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC).