Clean Energy Fuels (CLNE) Gets a Buy from Craig-Hallum

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Clean Energy Fuels (CLNE – Research Report). The company’s shares closed yesterday at $2.21.

Stine covers the Industrials sector, focusing on stocks such as Plug Power, Chart Industries, and PureCycle Technologies. According to TipRanks, Stine has an average return of 2.2% and a 33.61% 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 $7.00 average price target, implying a 216.74% upside from current levels. In a report released on April 18, Piper Sandler also assigned a Buy rating to the stock with a $4.00 price target.

Based on Clean Energy Fuels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $106.86 million and a GAAP net loss of $18.69 million. In comparison, last year the company earned a revenue of $113.76 million and had a GAAP net loss of $12.33 million

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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.