The company supplies renewable natural gas (RNG), compressed natural gas (CNG) and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles, and it offers operation and maintenance services for public and private vehicle fleet customer stations.
Clean Energy Fuels also designs, builds, operates and maintains fueling stations. It sells and services compressors and other equipment that are used in fueling stations, and it provides assessment, design and modification solutions to offer operators with code-compliant service and maintenance facilities for natural gas vehicle fleets.
In addition, the company transports and sells CNG and LNG through virtual natural gas pipelines and interconnects; procures and sells RNG; sells tradable credits, such as RNG and conventional natural gas as a vehicle fuel comprising Renewable Identification Numbers and Low Carbon Fuel Standards credits; enables its customers to acquire and finance natural gas vehicles; and obtains federal, state and local credits, grants and incentives.
Evercore ISI’s $11 price target for Clean Energy Fuels stock is lower than the $13.21 consensus target. On Friday shares closed trading at $6.95 apiece up almost 7%.
Helix Energy Solutions
This is an oil industry services stock that holds solid value at current trading levels. Helix Energy Solutions Group Inc. (NYSE: HLX) is an offshore energy services company that provides specialty services to the industry, primarily in Brazil, the Gulf of Mexico, the North Sea and the Asia Pacific and West Africa regions.
The company engineers, manages and conducts well intervention operations that include production enhancement and abandonment and construction in water depths ranging from 200 to 10,000 feet. It offers remotely operated vehicles, trenchers and drills for offshore construction and well intervention services. It also provides intervention engineering; inspection, repair and maintenance of production structures, trees, jumpers, risers, pipelines, subsea equipment and related support services. In addition, the company offers reclamation and remediation services, well plug and abandonment services, pipeline abandonment services and site inspections.
Helix Energy also engages in the installation of flowlines, control umbilicals and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing and inspection activities; and provision of cable and umbilical lay and connection services. Additionally, the company offers oil and natural gas processing facilities and services to oil and gas companies, as well as a fast response system. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies and offshore engineering and construction firms.
The $5.60 Piper Sandler price target compares with the $5.48 consensus target for Helix Energy Solutions stock. The shares last traded at $3.88 on Friday.
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