Clean Energy Fuels gains on $150 mln financing deal

Clean Energy Fuels

28/12/2022 14:55

** Shares of renewable energy company Clean Energy Fuels
Corp  CLNE.O  rise 2.1% to $5.2 in early trade
    ** Enters into $150 mln sustainability-linked senior secured
loan facility with Riverstone Credit partners for the term of
four years
    ** "Proceeds from the term loan will be used, in part, to
help fund the company's rapid expansion of RNG projects at
dairies" - CLNE
    ** 9 of 11 brokerages rate the stock "buy" or higher; 2
"hold"; their median PT is $11.5 - Refinitiv data
    ** Stock down 15.2% YTD
 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))