| EXCLUSIVE: Solar Tax Credit To 'Undoubtedly' Spur Demand And Supply, Clean Energy Fuels Could Be Surprise Beneficiary | |
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Craig-Hallum noted on Wednesday that Clean Energy Fuels Corp (NASDAQ: CLNE) is expected to receive $40 million in cash for 2015, according to the buried credit comment in the Solar Bill.
Shares are up 3.25 percent on Wednesday. The stock is trading at $3.81 at a volume of 271,717 shares.
Related Link: Solar ETFs Could Brighten In 2016
Raymond James' Angelica Jarvenpaa spoke to Benzinga and said that the tax credit was one of the most significant wildcards facing the solar industry up to this point. Jarvenpaa said that it would undoubtedly spur demand and grow supply.
"While this deal does not particularly affect one solar name more than another, this deal is a bullish sign for the industry as a whole," Jarvenpaa said.
Mixed On The Street
Analysts are viewing Clean Energy Fuels as bullish and bearish with a price recommendation from $6 to $15 respectively.
Zacks has provided a consensus long-term growth projection of 18.75, considering the market estimates of the company's sales and earnings for the forthcoming three to five years. Zacks had conducted a consensus view of 3 brokerage firms, which have rated Clean Energy Fuels over the last six months. The company's rating has been kept at 2.5.
A lot of pressure has been placed on Clean Energy Fuels due to the rapid drop in both gas and oil prices this year. Clean Energy Fuels' financial performance has been affected by the lowered prices of natural gas.
The clean energy industry operates on renewable source of energy. The sector can attract investment opportunities for better R&D (research and development).
Recent Performance
Clean Energy Fuels shares traded near the lower end of their 52-week range.
The company's third-quarter 2015 results showed that revenue went down 11 percent year-over-year. Clean Energy Fuels' product and revenue performance had diminished in the first nine months of the year.
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See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Clean Energy Fuels
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CODE : CLNE |
ISIN : US1844991018 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Clean Energy est une société basée aux Etats-Unis D'Amerique. Clean Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 449,5 millions US$ (405,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 05 septembre 2014 à 9,99 US$, et son plus bas niveau récent le 13 mars 2020 à 1,05 US$. Clean Energy possède 151 085 558 actions en circulation. |