Westport Innovations (WPRT) Is a Double; Lake Street Capital Markets Starts at 'Buy'

Go back to Westport Innovations (WPRT) Is a Double; Lake Street Capital Markets Starts at 'Buy'

Clean Energy Fuels (CLNE) a Natural Gas Fueling Juggernaut; Lake Street Capital Markets Starts at 'Buy"

January 8, 2013 1:28 PM EST

Lake Street Capital Markets' analyst Robert Brown (formerly with Craig-Hallum) initiated coverage on Clean Energy Fuels (NASDAQ: CLNE) with a Buy rating and $23 price target Tuesday, suggesting 68% upside from current levels.

With a large-scale transition to natural gas from diesel fuel, Clean Energy is positioned perfectly to benefit from this "mega-trend," the analyst said.

"We expect this transition to result in a tipping... More