UBS analyst Manav Gupta initiated coverage of Clean Energy Fuels with a Buy rating and $12 price target, implying 110% upside from current levels. The analyst sees dairy renewable natural gas as a "strong and viable solution" that lowers both emissions and fuel cost. Clean Energy is best positioned to benefit from wider adoption of dairy RNG into the transportation sector, Gupta tells investors in a research note.
Published first on TheFly
