Clean Energy Fuels up after Raymond James upgrades to 'strong buy'

Clean Energy Fuels

03/10/2023 17:57

** Shares of Clean Energy Fuels Corp  CLNE.O  rise 8.6% to
$3.9 
    ** Brokerage Raymond James upgrades the stock to "strong
buy" from "outperform", citing higher production of dairy-based
renewable natural gas (RNG) expected 
    ** Says, based on tax credit under Inflation Reduction Act,
company's RNG production joint ventures should receive a credit
of approximately $8.00/gallon adding nearly $120 mln of
incremental adjusted EBITDA in 2025
    ** Including session gains, stock down ~25.3% YTD

 (Reporting by Seher Dareen in Bengaluru)
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70128, if within U.S. call +1 646 223 8780;))