What happened Shares of Clean Energy Fuels (NASDAQ: CLNE) were up as much as 21.6% in trading on Thursday as the boom in renewable energy stocks continues. At 2:40 p.m. EST shares were still up 19.1% on the day. So what There wasn't any specific news out about Clean Energy Fuels today, but the market is up big and renewable energy stocks are surging across the board. The fact that President-elect Joe Biden's election was certified last night furthered the industry's hopes that the administration will provide it a big boost. Image source: Getty Images. Momentum from Biden's win and the Democrats' win in Georgia is likely what we're seeing today. On the policy front, companies like Clean Energy Fuels should see a benefit from a focus on cleaner energy. Now what This looks more like a momentum move than anything else, with Clean Energy Fuels riding renewable and clean energy stocks higher. The company certainly has a lot of potential ahead, but the investments it's making in renewable natural gas could take years to build and reach customers. I like the potential of these new fuels, but can't help but think the stock has run too far too fast over the last few months. 10 stocks we like better than Clean Energy FuelsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Clean Energy Fuels wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends Clean Energy Fuels. The Motley Fool has a disclosure policy.Source