Clean Energy Fuels (CLNE) Upgraded to Strong Buy: Here's Why

Core Viewpoint - The recent upgrade of Clean Energy Fuels to a Zacks Rank 1 (Strong Buy) reflects a positive outlook on its earnings potential, which is expected to drive buying pressure and increase its stock price [2][10]. Earnings Estimates and Stock Movement - The correlation between changes in earnings estimates and near-term stock price movements is strong, with institutional investors using these estimates to assess fair value [3][11]. - Analysts have raised their earnings estimates for Clean Energy Fuels, with the Zacks Consensus Estimate increasing by 1.5% over the past three months [12]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - The upgrade of Clean Energy Fuels to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for price appreciation [14]. Financial Outlook - For the fiscal year ending December 2024, Clean Energy Fuels is expected to earn -$0.12 per share, representing a 100% change from the previous year's reported number [5].