Fly News Breaks for May 22, 2019
May 22, 2019 | 14:19 EDT
Craig-Hallum analyst Eric Stine said Clean Energy Fuels' (CLNE) 7-year supply pact with UPS (UPS) provides strong validation of renewable natural gas as a transportation fuel and validates Clean Energy as the "dominant" RNG provider. The move by UPS, which operates the largest for-hire fleet in the U.S., likely serves as a catalyst for increased RNG adoption by other fleets, said Stine, who also sees the deal leading to incremental volumes for Clean along with incremental EBITDA from RIN credits. Stine reiterates a Buy rating and $6 price target on shares of Clean Energy, which are up 7.5% to $2.99 in afternoon trading.
News For CLNE;UPS From the Last 2 Days
Aug 5, 2021 | 12:18 EDT
After The Financial Times reported that shoppers who use e-commerce websites such as eBay (EBAY) and Etsy (ETSY) have begun receiving their packages fulfilled by Amazon (AMZN), Morgan Stanley analyst Ravi Shanker said he believes this is "only a small step away" from Amazon launching a full third-party delivery service in the U.S. and competing with "parcel incumbents" UPS (UPS) and FedEx (FDX). The story names Walmart (WMT) and Shopify (SHOP) in addition to Etsy and eBay as platforms where small-to-midsize business sellers are using Amazon Multi Channel Fulfillment, said Shanker, who noted that "all these platforms" currently use UPS or FedEx for fulfillment and that Amazon fulfilling orders from these platforms represents loss of share for the two incumbents. Shanker has an Underweight rating on UPS and an Equal Weight rating on FedEx shares.