UPDATE: Citigroup Initiates Coverage on Clean Energy Fuel

In a report published Monday, Citi analyst Timothy Thein initiated coverage on Clean Energy Fuel CLNE with a NEUTRAL rating and $13 price target. Thein noted, "With a well-defined lead in the fueling station market, and numerous partnerships aiding its path to market, we see CLNE as well positioned to capture the growth as natural gas penetrates further in to over-the-toad truck markets." CLNE closed on Monday at $12.71.