- Clear Power Fuels CEO Andrew Littlefair held an “Ask Me Something” on Reddit Monday.
- In reaching out to retail merchants, Littlefair adopted the instance of different meme shares like AMC.
- “I’ve actually grown to understand this neighborhood,” Littlefair stated on Reddit.
- See extra tales on Insider’s enterprise web page.
Clear Power Fuels CEO Andrew Littlefair this week adopted the lead of a handful of executives whose firms have been celebrated as “meme shares” – he reached out on to retail traders.
In a Reddit “Ask Me Something” Monday, Littlefair answered retail investor questions on the corporate’s pipeline, provide chain, and its challenges. He even revealed he is the proprietor of an English Springer pup.
“I’ve actually grown to understand this neighborhood,” Littlefair stated within the opening Reddit publish. “I learn a lot of your posts and it is apparent that you just do your homework. You perceive that the transportation sector goes by a big shift and Clear Power and our renewable pure fuel is taking part in a giant function in addressing local weather points.”
Newport Seaside, California-based Clear Power Fuels Corp., which Littlefair cofounded in 1997, provides compressed pure fuel, liquefied pure fuel, and renewable pure fuel as a substitute gas for autos, in accordance with PitchBook knowledge. The corporate, price almost $2 billion, has turn into a meme inventory this yr amid the craze sparked by the epic rally in GameStop shares in January.
One Redditor requested Littlefair what he thinks “is the most important hurdle CLNE (and the renewable pure fuel business as an entire) has to beat with the intention to be broadly accepted because the quickest, and best method to scale back carbon emissions within the transportation business?”
To which Littlefair replied that prospects are most enthusiastic about renewable pure fuel, extra generally known as RNG. “I don’t suppose there are actually any vital hurdles, the business wants extra provide and it’s approaching quick. By no means have we seen such undertaking development as we’re seeing at present,” he stated.
In reaching out to particular person traders, Littlefair adopted within the footsteps of different CEOs seeking to get in entrance of their followers within the retail dealer neighborhood on locations like Wall Avenue Bets.
AMC CEO Adam Aron, whom retail traders have dubbed “Silverback,” was among the many first to enchantment to the massive variety of retail merchants cheering on the inventory. He went on YouTube channel Tray’s Trades to deal with the horde of traders, interacted immediately with them on Twitter, and even supplied them movie show perks.
Robinhood, which went public in July, tried to enchantment to retail merchants by permitting them to get in on the app’s IPO, and aslo took questions from particular person traders through the firm’s earnings name. The CEO of a meals know-how firm, in the meantime, reached out to potential retail traders on the r/SPACs channel on Reddit to ask them for his or her perception forward of a merger with a blank-check agency.
In June, the CEO of meme inventory Palantir, a data-mining firm, nodded to retail merchants on earnings calls, saying the corporate is favored among the many group as a result of it respects the intelligence of the retail investing neighborhood.
In a tweet following the AMA, Littlefair stated he had a “nice time” and stated the retail traders are a sensible group.
-Andrew J. Littlefair (@A_Littlefair) September 28, 2021