Lake Street analyst Robert Brown maintained a Buy rating on Clean Energy Fuels (CLNE – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $2.84.
Brown covers the Industrials sector, focusing on stocks such as Babcock & Wilcox Company, NV5 Holdings, and Argan. According to TipRanks, Brown has an average return of 19.7% and a 55.63% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Clean Energy Fuels with a $8.25 average price target, representing a 190.49% upside. In a report released on January 30, Jefferies also maintained a Buy rating on the stock with a $4.00 price target.
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CLNE market cap is currently $644.5M and has a P/E ratio of -6.79.
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Clean Energy Fuels (CLNE) Company Description:
Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It also build and operate compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling stations; manufacture CNG and LNG equipment and technologies; and deliver more CNG and LNG vehicle fuel. The company was founded by T. Boone Pickens and Andrew J. Littlefair in 1996 and is headquartered in Newport Beach, CA.
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