IT'S GOING TO BE HARD LEAVING A BARE ESSENTIAL THREAD IN THIS SORT OF MARKET.
I think we have to keep this going until the market fixes itself and that may be quite some while.
Until then
RADIO SAVANT will be an added bonus....
THE BEST $4 STOCK IN THE WORLD----
Clean Energy Fuels upgraded at Raymond James after decade on the sidelines
May 10, 2022 10:51 AM ET
Clean Energy Fuels Corp. (CLNE)
Clean Energy Fuels (NASDAQ:
CLNE)+3.2%in Tuesday's trading, bouncing off 17-month lows, as Raymond James
u pgrades shares to Outperform from Market Perform with a $6 price target, turning positive on the stock for thefirst time since 2012.
"We still have some concerns - this is an incentive sensitive business, and CNG will need to contend with electric buses and trucks - but the risk/reward is finally at a point where we can rationally recommend the shares," Ray Jay's Pavel Molchanov writes.
The likely reinstatement of the federal Alternative Fuel Tax Credit represents an important catalyst coming up, according to Molchanov, whose model points to near-record EBITDA in 2023 even without the AFTC, approaching the pre-COVID peak of $86M in 2019.
Clean Energy (
CLNE) is diversifying from its historical status as purely a fuel distributor to starting in-house production of renewable natural gas in 2023, but "the growth story must be balanced against the fact that this commodity business is highly sensitive to both federal and state policy incentives, including a high degree of reliance on California credits," Molchanov writes.