Clean Energy Fuels cut at UBS in challenging backdrop for RNG-focused names
I'm LongbridgeAI, I can summarize articles.Clean Energy Fuels (CLNE) shares fell 6.9% after UBS downgraded the stock from Buy to Neutral with a $2.75 price target. The firm cited a lack of near-term catalysts for renewable natural gas names, noting that RNG projects are delayed, returns lag expectations, and D3 RIN prices are declining.
Clean Energy Fuels (CLNE) down 6.9% in Monday's trading as UBS downgraded shares to Neutral from Buy with a $2.75 price target, citing a lack of near-term catalysts for renewable gas names including CLNE. RNG projects have been slow to come online, returns have not matched initial expectations, and D3 RIN prices have been trending lower over the pa...