Is A Correction In The Cards For Clean Energy Fuels Stock?

Is A Correction In The Cards For Clean Energy Fuels Stock?

Clean Energy Fuels stock (NASDAQ: CLNE) has rallied by almost 9% over the last week, outperforming the S&P 500 which is down by about 2% over the same period. While CLNE's increasing focus on expanding its environmentally friendly renewable natural gas business and its partnership with big oil companies have been a big driver of its stock price gains over the last few quarters, the recent rally is driven partly by increasing interest from Reddit investors, who have been piling into small and mid-cap stocks with relatively high levels of short interest. So will Clean Energy Fuels stock continue its rally over the coming weeks and months, or is a correction looking more likely? According to the Trefis Machine Learning Engine, which identifies trends in a company's historical stock price data, returns for Clean Energy Fuels stock average a little over 4% in the next month (21 trading days) after experiencing a 9% rally over the last 5 trading days. The stock is also likely to outperform the broader markets over the next month, with an expected return that would be 3% higher compared to the S&P 500. But how would these numbers change if you are interested in holding