Northland Capital Markets Starts Clean Energy Fuels (CLNE) at Outperform, 'Leading RNG Player Supported by a Favorable Backdrop'

Northland Capital Markets analyst Abhishek Sinha initiates coverage on Clean Energy Fuels (NASDAQ: CLNE) with a Outperform rating and a price target of $7.50.

The analyst comments "We are initiating coverage on Clean Energy Fuels (CLNE) with an Outperform rating and $7.50 PT. CLNE’s large number of fueling stations and a long-standing customer network provide a wide moat making it the largest RNG provider for the transportation sector. A solid backdrop of renewable fuels and a strong forecasted RNG demand position CLNE well for revenue growth & margin improvement. CLNE also has solid JV partners and can really benefit from this new world order of energy transition."

For an analyst ratings summary and ratings history on Clean Energy Fuels click here. For more ratings news on Clean Energy Fuels click here.

Shares of Clean Energy Fuels closed at $4.25 yesterday.

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