Clean Energy Fuels (CLNE – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Robert Brown from Lake Street maintained a Buy rating on the stock and has a $22.00 price target.
Robert Brown has given his Buy rating due to a combination of factors that highlight Clean Energy Fuels’ strategic positioning and growth potential. The company is effectively executing its plans, although the 2025 outlook was slightly dampened by challenges related to RIN credits and the timing of new RNG production facilities. Despite these headwinds, there is optimism about the adoption of the new 15L engine, which could lead to significant market penetration and revenue growth.
Brown also notes that the current stock price does not fully reflect the potential of Clean Energy’s RNG production facilities, as the market seems to be valuing only the base fuel distribution business. With several RNG facilities now operational and more under construction, there is an expectation of improved clarity and profitability in this segment. Clean Energy’s extensive distribution network and well-capitalized joint ventures position it uniquely for growth in the trucking market, where even modest penetration gains could substantially increase volumes and profits.
In another report released today, Raymond James also reiterated a Buy rating on the stock with a $4.00 price target.