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up 12.62 %

CLEAN ENERGY FUELS (CLNE) downgraded to Underperform by Raymond James

Posted on: Thursday,  May 9, 2013  8:25 AM ET by Raymond James

Raymond James rated Underperform CLEAN ENERGY FUELS (NASDAQ: CLNE) on 05/09/2013. Previously Raymond James rated Outperform CLEAN ENERGY FUELS (NASDAQ: CLNE) on
12/08/2009., when the stock price was $11.80. Since then, CLEAN ENERGY FUELS has gained 12.63% as of 05/09/2013's recent price of $13.29.
If you would have followed the previous Raymond James's recommendation on CLNE, you would have gained 12.62% of your investment in 1248 days.

Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company offers a solution to enable customers to run their fleets on natural gas. It designs, builds, finances and operates fueling stations, and supplies customers with compressed natural gas (CNG) and liquefied natural gas (LNG). The Company also helps them acquire and finance natural gas vehicles, and obtain local, state and federal clean air rebates and incentives. The Company serves fleet vehicle operators in a variety of markets, including public transit, refuse hauling, airports, taxis, seaports, and regional trucking. On August 15, 2008, the Company acquired Dallas Clean Energy, LLC.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/9/2013 8:25 AM Sell
as of 12/13/2013
1 Week down  -1.91 %
1 Month up  0.16 %
3 Months up  2.92 %
1 YTD up  14.49 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/8/2009 8:25 AM Buy

(*) Stock Price at the time of the recommendation.
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