CLNE - Clean Energy Fuels revs higher as Credit Suisse touts RNG distribution network

Clean Energy Fuels ([[CLNE]] +19.7%), already up more than 30% YTD, rallies to its highest in more than seven years after Credit Suisse initiated coverage with an Outperform rating and Street-high $17 price target."No other company besides CLNE has the existing fueling infrastructure across the entire U.S. to support wider and growing adoption" of renewable natural gas, Credit Suisse's Manav Gupta writes, also noting Clean Energy's "best-in-class" distribution network and partnerships with global oil majors BP, Total and Chevron to source and develop RNG.Clean Energy is "uniquely positioned to benefit from renewable natural gas supply growth and that it will attract incremental fund flows from both environmental, social and corporate governance and energy investors," Gupta says.

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Clean Energy Fuels revs higher as Credit Suisse touts RNG distribution network