Analysts Say Wait for Stars to Line up before Buying Clean Energy Fuels (CLNE)

Clean Energy Fuels Corp. (NASDAQ: CLNE) has been building the required infrastructure for natural gas vehicles for 15 years, and today dominates the natural gas fueling market in the United States. As the stars begin to align for the adoption of natural gas heavy duty trucks, analysts think CLNE is well positioned to deliver significant growth over the next several years.

“While constructive on the company’s longer-term outlook, we are initiating coverage with a HOLD rating,” said analyst Carter B. Shoop at KeyBanc.

“We believe the near-term catalysts have a more negative vs. positive bias, and that current valuation adequately discounts its longer-term growth potential. We would look to become more constructive on shares at a lower valuation and/or with the passing of potential near-term negative catalysts,” added Shoop.

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 $13.66 yesterday.

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