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UPS

UPS

$99.40

0.89 (0.90%)

, CLNE

Clean Energy

$2.77

-0.02 (-0.72%)

08:37
05/22/19
05/22
08:37
05/22/19
08:37

UPS to purchase 170M gallon equivalents of RNG from Clean Energy through 2026

UPS (UPS) announced an agreement with Clean Energy (CLNE) to purchase 170M gallon equivalents of renewable natural gas, or RNG, through 2026. This is the largest commitment for use of RNG to date by any company in the United States, with a range of 22.5M-25M gallon equivalents per year. RNG is a key part of UPS's strategy to increase alternative fuel consumption to be 40% of total ground fuel purchases by 2025, supporting efforts to reduce the absolute greenhouse gas, or GHG, emissions of its ground fleet 12% by 2025. UPS has used more than 28M gallons of RNG in its ground fleet since 2014. This means the company will now be using nearly as much RNG in one year as it has used over the past five years combined. By switching from diesel fuel to RNG, UPS vehicles fueling at 18 company-owned and operated natural gas stations across 12 states will realize a reduction in greenhouse gas emissions, as much as 1,074,000 metric tons of GHG over the life of the agreement. UPS drives more than 6,100 CNG and LNG vehicles which can be powered by RNG in Argentina, Belgium, Canada, France, Germany, the Netherlands, Thailand, the United Kingdom and the United States. More than 22% of the conventional diesel and gasoline fuel previously used by UPS's ground fleet is now being replaced by alternative fuels including renewable natural gas and renewable diesel.

UPS

UPS

$99.40

0.89 (0.90%)

CLNE

Clean Energy

$2.77

-0.02 (-0.72%)

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UPS UPS
$99.40

0.89 (0.90%)

03/21/19
WELS
03/21/19
NO CHANGE
Target $220
WELS
Outperform
FedEx price target lowered to $220 from $285 at Wells Fargo
Wells Fargo analyst Casey Deak lowered her price target for FedEx (FDX) to $220 from $285 after the company reported "disappointing" Q3 results and a reduction in fiscal year guidance. Looking forward, the analyst sees continued stress on global airfreight and customer movement toward deferred services constraining margins. However, given the recent pressure on the shares and the growing market share in international markets, she believes the shares to be undervalued at this point of the cycle and expects the market to reflect a closer parity to UPS (UPS) multiples going forward. The analyst reiterates an Outperform rating on FedEx shares.
04/01/19
BREN
04/01/19
UPGRADE
Target $130
BREN
Buy
UPS upgraded to Buy from Hold at Berenberg
Berenberg analyst Joel Spungin upgraded UPS to Buy from Hold with a $130 price target. Following an in-depth review of European parcel markets, the analyst is increasingly confident that UPS will deliver margin improvement in both its International business and the U.S. this year. Its cash conversion remains strong and free cash flow guidance "looks too conservative," Spungin tells investors in a research note. He says UPS has built a strong presence in European business-to-business delivery.
04/01/19
BREN
04/01/19
DOWNGRADE
BREN
Hold
FedEx downgraded to Hold from Buy at Berenberg
Berenberg analyst Joel Spungin downgraded FedEx (FDX) to Hold from Buy. The analyst's in-depth review of European parcel markets suggests FedEx's integration of TNT "has some way to go." Further, the company is exposed to some "lower-growth, more economically sensitive segments of the market than peers," Spungin tells investors in a research note. He believes a slowdown in international markets, "indigestion" from the TNT acquisition and higher costs in Ground mean FedEx's margin improvement "will take longer to come through." The analyst this morning also upgraded UPS (UPS) to Buy from Hold.
04/01/19
04/01/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UPS (UPS) upgraded to Buy from Hold at Berenberg with analyst Joel Spungin saying he is increasingly confident that UPS will deliver margin improvement in both its International business and the U.S. this year, following an in-depth review of European parcel markets. 2. AstraZeneca (AZN) upgraded to Outperform from Market Perform at Cowen with analyst Steve Scala saying the 5% stock decline on news of the company's partnership with Daiichi Sankyo for trastuzumab deruxtecan, which he calls a "promising" breast cancer drug, offers a compelling entry point. 3. Energizer (ENR) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Jason English saying he sees a credible path to top-tier EBIT, EBITDA and EPS growth over the next three years "fueled almost entirely" by debt-reduction and synergies from its recently completed deals for the Global Battery & Lighting business and Global Auto Care business of Spectrum Brands (SPB). 4. Anadarko (APC) resumed with a Buy from Neutral at Citi with analyst Robert Morris citing the stock's underperformance over the past three months and the company's recent success in the Delaware Basin for the upgrade. 5. F5 Networks (FFIV) upgraded to Buy from Neutral at Nomura Instinet with analyst Jeffrey Kvaal saying "long an out-of-favor name," F5 shares are now ~25% below their 2018 peak following the acquisition of Nginx. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CLNE Clean Energy
$2.77

-0.02 (-0.72%)

07/05/18
RAJA
07/05/18
DOWNGRADE
RAJA
Underperform
Clean Energy downgraded to Underperform from Market Perform at Raymond James
07/05/18
RAJA
07/05/18
DOWNGRADE
RAJA
Underperform
Clean Energy downgraded to Underperform, valuation excessive, says Raymond James
As previously reported, Raymond James downgraded Clean Energy (CLNE) to Underperform from Market Perform. Analyst Pavel Molchanov believes shares reflect "excessive euphoria" over the partnership with Total (TOT) and said the main business of supplying CNG to municipal bus fleets faces increasing headwinds from electric bus adoption.
07/05/18
07/05/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Munich Re (MURGY) downgraded to Neutral from Overweight at JPMorgan. 2. Domino's Pizza Enterprises (DPZUF) downgraded to Sell from Neutral at Citi. 3. NextEra Energy downgraded to Market Perform from Outperform at Raymond James with analyst Pavel Molchanov saying NextEra's 3.6% yield is the lowest among yieldcos and he recommends waiting for a better entry point. 4. Clean Energy (CLNE) downgraded to Underperform from Market Perform at Raymond James with analyst Pavel Molchanov saying he believes shares reflect "excessive euphoria" over the partnership with Total (TOT). 5. Fresenius Medical (FMS) downgraded to Neutral from Outperform at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/18
CHLM
07/06/18
NO CHANGE
Target $6
CHLM
Buy
Clean Energy weakness related to competitor downgrade overdone says Craig-Hallum
Craig-Hallum analyst Eric Stine backed a Buy rating on Clean Energy, telling investors in a research note that he believes weakness related to a competitor downgrade is overdone. While he says that the renewal of the advanced fuel tax credit, or AFTC, for 2018 is possible, it is far from a certainty and is not factored into the outlook going forward. He believers CNG will remain the dominant alternative to diesel in transit applications, with electric having a much higher first cost and being dependent on incentives. Stine has a $6 price target on Clean Energy shares.

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AAPL

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1.06 (0.55%)

18:44
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18:33
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SunPower

$8.27

0.03 (0.36%)

18:33
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VZ

Verizon

$57.63

-0.65 (-1.12%)

18:24
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Senator aims to bar Huawei from seeking damages in patent courts, Reuters says »

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BHVN

Biohaven Pharmaceutical

$57.33

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DISH

Dish

$39.00

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18:04
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T

AT&T

$32.30

-0.06 (-0.19%)

18:03
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AT&T wins 24 GHz spectrum following FCC Auction 102 »

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BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

18:02
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18:02
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Syndicate
Biohaven Pharmaceutical offers to sell $300M in common stock »

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VSM

Versum Materials

$51.42

0.01 (0.02%)

, MKGAY

Merck KGaA

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Valero

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0.19 (0.25%)

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VLO

Valero

$76.93

0.19 (0.25%)

17:59
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MGI

MoneyGram

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JKS

JinkoSolar

$22.59

-2.08 (-8.43%)

17:37
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FCEL

FuelCell

$0.33

-0.0231 (-6.56%)

17:26
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Earnings
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RMTI

Rockwell Medical

$4.39

0.2 (4.77%)

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  • 18

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VRS

Verso

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CHVKF

China Vanke Co

$0.00

(0.00%)

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Downgrade
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RCKT

Rocket Pharmaceuticals

$16.88

0.68 (4.20%)

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BA

Boeing

$354.90

7.71 (2.22%)

, EADSY

Airbus

$0.00

(0.00%)

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BA

Boeing

$354.90

7.71 (2.22%)

EADSY

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BHVN

Biohaven Pharmaceutical

$57.33

-5.63 (-8.94%)

17:17
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