UPDATE: Clean Energy Initiated At Overweight by Morgan Stanley

In a report issued Thursday, Morgan Stanley initiated coverage on Clean Energy Fuels Corp.

with a rating of Overweight and a target price of $14. Analyst Timothy Radcliff sees that Clean Energy has alot of potential with the long-haul trucking industry and eventually the U.S. transportaion infrastructure as a whole. This combined with the strenth of the natural gas industry as whole could poise Clean Energry for a ton of success in the near future. Clean Energy has responded extremely well to this initiation as it is up 6.67 percent to $10.95 at last checked trade Thursday.