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Clean Energy Fuels (CLNE) Gets a Buy from Lake Street

Tipranks - Tipranks - Fri Feb 27, 2:28AM CST

In a report released yesterday, Robert Brown from Lake Street maintained a Buy rating on Clean Energy Fuels, with a price target of $6.00. The company’s shares closed yesterday at $2.39.

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According to TipRanks, Brown is a top 100 analyst with an average return of 50.9% and a 56.67% success rate. Brown covers the Industrials sector, focusing on stocks such as Argan, Flux Power Holdings, and Birchtech.

Clean Energy Fuels has an analyst consensus of Strong Buy, with a price target consensus of $5.00, representing a 109.21% upside. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $4.00 price target.

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Based on Clean Energy Fuels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $112.32 million and a GAAP net loss of $43 million. In comparison, last year the company earned a revenue of $109.33 million and had a GAAP net loss of $30.16 million

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