Forget AMC and Gamestop: 5 New Stocks Reddit’s WallStreetBets Is Buying

In this article, we discuss the 5 new stocks Reddit’s WallStreetBets is buying. If you want to read our detailed analysis of these stocks, go directly to Forget AMC and Gamestop: 10 New Stocks Reddit’s WallStreetBets Is Buying.

5. Clean Energy Fuels Corp. (NASDAQ: CLNE)

Number of Hedge Fund Holders: 15    

Clean Energy Fuels Corp. (NASDAQ: CLNE) is a renewable energy company. It is placed fifth on our list of 10 new stocks Reddit’s WallStreetBets is buying. The company’s shares have offered investors returns exceeding 408% in the past year. The firm operates in the US and Canada and markets renewable natural gas and other clean solutions for vehicle transport. It also develops and runs fueling stations. 

On June 22, Clean Energy Fuels Corp. (NASDAQ: CLNE) stock soared 5% after the firm announced that it had contributed $50 million to a joint venture with energy firm BP in relation to dairy renewable gas projects that will start production by 2022.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Driehaus Capital is a leading shareholder in Clean Energy Fuels Corp. (NASDAQ: CLNE) with 2.3 million shares worth more than $32 million.