Raymond James says there's a "textbook buy-on-the-dip opportunity" for shares of Clean Energy Fuels — it could be a volatile ride for investors. The firm upgraded Clean Energy to outperform from market perform. It set a price target of $6 per share, which implies 42.8% upside from Wednesday's close price.
mountain CLNE in 2023 "Clean Energy's business model is diversifying from its historical status as purely a fuel distributor towards starting in-house production of RNG in 2023," Molchanov wrote in a Wednesday note. However, he added that "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's [Low Carbon Fuel Standard] credits.
$ENPH is the best energy stock. They are expanding worldwide.
It's gonna keep on dipping
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How community solar could revolutionize clean energy access in CaliforniaGuest Commentary: Regulators need to craft the new rules soon to capitalize on the billions of federal dollars becoming available. Very trendy to like community wind and solar power projects. But once the wealthy and moderate income customer participants have been stripped away from today's broad public utility base will low income consumers and neighborhoods be left relying on higher priced energy sources? There truly isn't much difference between community renewal energy projects and white flight to the suburbs that left inner cities in desperate situations to address and care for lower income inner-city resident's needs for many other public services. Both seek to shed responsibility for the overall needs of the larger community by isolating themselves from those who aren't as capable of escaping the status quo.
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