UBS analyst Manav Gupta has revised the price target for Clean Energy Fuels Corp (CLNE, Financial), reducing it from $5.25 to $2. Despite this adjustment, the firm maintains a Buy rating on the stock.
The change in price target reflects alignment with market conditions and Clean Energy's own projections. However, UBS still sees potential positive factors that could influence future performance. Specifically, advancements in transportation fuel cells and the 45Z clean fuel production tax credit are anticipated as potential catalysts for exceeding 2025 expectations.
Further highlighting its positive outlook, Clean Energy has restarted its share buyback program and recently surpassed its 2024 EBITDA guidance. These developments demonstrate the company's strategic initiatives to strengthen its financial footing despite the prevailing market uncertainties.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Clean Energy Fuels Corp (CLNE, Financial) is $6.51 with a high estimate of $22.00 and a low estimate of $2.80. The average target implies an upside of 336.58% from the current price of $1.49. More detailed estimate data can be found on the Clean Energy Fuels Corp (CLNE) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Clean Energy Fuels Corp's (CLNE, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Clean Energy Fuels Corp (CLNE, Financial) in one year is $3.85, suggesting a upside of 158.39% from the current price of $1.49. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Clean Energy Fuels Corp (CLNE) Summary page.
