Clean Energy Fuels Stock Drops Amid Analyst Price Target Cut
The stock of Clean Energy Fuels (CLNE) fell nearly 12% over the past week, largely due to a price target reduction by analyst Pavel Molchanov from Raymond James. Despite maintaining his 'strong buy' recommendation on the stock, Molchanov cut CLNE's price target from $4 to $2.50 per share following its second-quarter earnings report. While Clean Energy Fuels exceeded revenue expectations and met profitability forecasts for Q2 2026, it still reported an adjusted net loss. The analyst cited this performance as a key reason behind the revised outlook but remained optimistic about long-term growth in natural gas fuels amid high crude oil prices and ongoing diversification efforts. The stock is currently trading at $1.57 per share with a market cap of approximately $350 million, making it relatively inexpensive from both price and valuation perspectives.
Topics: Clean Energy Fuels Raymond James Stock Price Movement