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In a CNBC interview, Clean Energy Fuels CEO Andrew Littlefair addressed recent Reddit traders' recent enthusiasm in his company's stock.
"I've read a lot of these posts, it seems like they get it," Littlefair told "Mad Money" host Jim Cramer.
Shares of Clean Energy Fuels, which provides renewable natural gas, are up about 41% so far in 2021.
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VIDEO
2:49
02:49
Clean Energy Fuels CEO says Amazon deal is 'validation' of renewable natural gas
Mad Money with Jim Cramer
Clean Energy Fuels
CEO Andrew Littlefair on Thursday addressed the
recent enthusiasm for his company's stock
forged on online forums like Reddit.
"I've read a lot of these posts, it seems like they get it," Littlefair told CNBC's Jim Cramer in an interview on
"Mad Money."
"One of the things that comes through again and again is, they said, 'Hey these guys at Clean Energy take something nobody wants, clean it up, put it in a vehicle, make money and save the planet. I kind of like that.' So, I think they get it," Littlefair said.
Last week, Clean Energy Fuels entered the crosshairs of Reddit traders, who first
captured Wall Street's attention in late January
when they piled into shares of
GameStop
and a few other companies.
Clean Energy Fuels jumped more than 30% on June 9 to close at $13.02, as mentions of the California-based firm spiked online.
Enthusiasm has seemed to
wane a bit in recent days
, although the stock rose almost 4% Thursday to finish at $11.12. Clean Energy Fuels is up about 41% year to date.
The company is a provider of renewable natural gas, which is a "pipeline-quality gas that is fully interchangeable with conventional natural gas,"
according to the U.S. Department of Energy
.
Clean Energy Fuels takes the methane from manure and processes it in such a way that it can be used as fuel for vehicles, Cramer explained. In April, the company
reached an agreement
with
Amazon
to provide the e-commerce giant with access to its RNG stations.
"For us, it's building them, now 19, new stations and making available 27 other stations, so they'll be using 46 of our stations. We'll be selling them all RNG, and so we're very excited about that," Littlefair said about the Amazon tie-up.
VIDEO
9:15
09:15
Clean Energy Fuels CEO discusses deal with Amazon and stock enthusiasm on Reddit
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