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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Clean Energy Fuels Corp | NASDAQ:CLNE | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -1.20% | 2.48 | 2.46 | 2.55 | 2.53 | 2.46 | 2.51 | 1,036,649 | 22:29:00 |
From May 2023 to May 2024
By Sabela Ojea
Shares of Clean Energy Fuels climbed Tuesday after Raymond James again upgraded its recommendation on the company and set up a target price of $6.
At 11:41 a.m. ET, shares were up 8.2% at $3.89. The stock has, however, dropped 26% since the year started, and 36% in the past 12 months.
The investment banking company raised the renewables company to strong buy from outperform following April's outperform upgrade from a prior market performance rating.
"The company is that much closer to ramping up production of dairy-based renewable natural gas on an in-house basis and the U.S. Treasury is that much closer to unveiling the details of the brand-new Section 45Z [clean fuel production] credit," analysts said.
The Section 45Z should provide a massive boost to the profitability of renewable natural gas projects, analysts added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 03, 2023 12:16 ET (16:16 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Clean Energy Fuels Chart |
1 Month Clean Energy Fuels Chart |
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