5 Best Green Energy Penny Stocks to Invest In

In this article, we will list the 5 Best Green Energy Penny Stocks to Invest In. Please visit 9 Best Green Energy Penny Stocks to Invest In if you would like to see the extended list and the methodology behind it.

5. Clean Energy Fuels Corp (NASDAQ:CLNE)

Stock Price: $2.24

Number of Hedge Fund Holders: 21

Upside Potential: 123.21%

Clean Energy Fuels Corp (NASDAQ:CLNE) is one of the best green energy penny stocks to invest in. On May 4, Clean Energy Fuels Corp (NASDAQ:CLNE) announced the opening of additional renewable gas stations to expand its network of fueling locations. The company said it opened six new gas stations at strategic spots in California, New Jersey, Oklahoma, Michigan, and Washington. It said the new stations are near distribution centers and located along major freight corridors.

Clean Energy Fuels’ renewable natural gas (RNG) is sold as an alternative fuel for commercial vehicles. The spike in diesel prices as a result of the Middle East crisis has made RNG more attractive to fleet operators.

Clean Energy Fuels’ executive Chad Lindholm commented that with the high and volatile diesel prices, the timing was perfect to expand the company’s RNG offering. Lindholm noted that Clean Energy Fuels’ RNG offers price-stable and low-cost fuel to help fleets reduce their carbon emissions affordably.

The new gas stations strengthen Clean Energy Fuels’ network that spans more than 600 fueling locations across North America. The company’s stations serve refuse, trucking, municipality, and operations fleets.

Clean Energy Fuels Corp (NASDAQ:CLNE) produces and sells renewable natural gas used to power commercial vehicles, including heavy-duty trucks and buses. Its RNG is methane-based and is derived from organic waste, including dairy farm wastes. Clean Energy Fuels sells its RNG through a network of fueling stations.