Dougherty & Co Starts Clean Energy Fuels (CLNE) at Buy
Tweet
Share
E-mailGet Alerts CLNE Hot Sheet
Price: $1.83 --0%
Rating Summary:
13 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 13
Rating Summary:
13 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 13
Join SI Premium – FREE
Dougherty & Co initiates coverage on Clean Energy Fuels (NASDAQ: CLNE) with a Buy. PT $16.00.
The firm comments, "We believe that CLNE is well-positioned to grow alongside a large scale shift from diesel to natural gas. By 2017, we expect CLNE can achieve revenue of $969mm with 22% operating margin. This assumes CLNE captures just 33% market share (conservative) of the natural gas heavy trucking fuel sales market, and that by 2017, natural gas trucks make up 14% of overall truck sales, creating more than 150,000 natural gas trucks (classes VI – VIII) on North American roads."
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 $12.33 yesterday.
The firm comments, "We believe that CLNE is well-positioned to grow alongside a large scale shift from diesel to natural gas. By 2017, we expect CLNE can achieve revenue of $969mm with 22% operating margin. This assumes CLNE captures just 33% market share (conservative) of the natural gas heavy trucking fuel sales market, and that by 2017, natural gas trucks make up 14% of overall truck sales, creating more than 150,000 natural gas trucks (classes VI – VIII) on North American roads."
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 $12.33 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BMO Capital Resumes Global Net Lease (GNL), Upgrades to Outperform
- Goldman Sachs Starts Onto Innovation Inc. (ONTO) at Buy
- Citi Resumes Universal Music Group NV (UMG:NA) (UMGNF) at Buy
Create E-mail Alert Related Categories
Hot New Coverage, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
