Clean Energy upgraded to Strong Buy from Outperform at Raymond James

Raymond James upgraded Clean Energy to Strong Buy from Outperform with an unchanged price target of $6. The company is “on the cusp” of ramping up in-house renewable natural gas production, and the Treasury’s Section 45Z decision is on deck, the analyst tells investors in a research note. The firm says Section 45Z should provide a “”massive boost to the profitability of RNG projects, especially the dairy-based variety, starting in January 2025.