Posted on February 3, 2021 by Brad Steveson
Credit Suisse analyst Manav Gupta initiated coverage of Clean Energy (CLNE) with an Outperform rating and $17 price target. Gupta says that given its downstream distribution network, Clean Energy is uniquely positioned to benefit from renewable natural gas supply growth. He also says that it will attract incremental fund flows from both environmental, social, and corporate governance and energy investors.
The stock is responding favorably to the news so far trading as high as $11.80 in the pre-market session, up 12.7% from yesterday’s closing price of $10.47.