Clean Energy Fuels (CLNE) revealed its route plan for the first phase of what will be 150 new LNG fueling stations across North America. The plan is to be up and running over the course of the next couple years with 70 stations completed across 33 states by the end of this year. Whether you’re talking about electric or LNG vehicles, infrastructure is critical so this is good news not only for CLNE, but for … Read the rest
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Clean Energy Fuels (CLNE) Beats Estimate, “Sees Substantial Strides In Next 18 Months”
Clean Energy Fuels (CLNE) also reported earnings results after the bell this evening, posting results above the analyst estimates, but the company remains firmly in the red. The EPS came in on a non GAAP basis at .11/share which was better than the .13/share loss analysts had expected. Revenues were a bit better than analyst expectations as well at $72 million vs the estimate for $70 million.
Westport Innovations (WPRT) Breaks To All Time High On Shell LNG Co-Marketing Deal
Westport Innovations (WPRT) which has been one of the strongest green stocks for several months now is breaking out to an all time high after the company announced yesterday that it has engaged in a co-marketing deal with Shell for the advancement of LNG fuel and technologies across North America. The companies plan to consolidate fuel supply, customer support and maintenance into one user friendly package to make operating LNG vehicles more efficient and economical. … Read the rest
Clean Energy Fuels (CLNE) Posts Mixed Results, Shares Remain Bullish
Clean Energy Fuels (CLNE) posted its earnings results after the bell tonight that were mixed. The company beat analyst estimates on the EPS side posting a loss of .05/share vs the analyst estimate for a .09/share loss, but missed on the revenue side posting $65.3 million in revenue vs the expectation for $67 million. While the EPS number was better than expected and an improvement over the year ago’s .07/share loss, revenues were up nearly … Read the rest
Natural Gas Fuel Companies Surging On Obama Pledge (CLNE, FSYS, WPRT)
The natural gas fuel stocks are surging with heavy volume this morning ahead of an Obama speech in which he’s expected to lay out his energy policy in order to reduce dependence on foreign oil. It’s expected he’ll outline a variety of initiatives which will include increased US oil production and ethanol production as well as a push for natural gas as a fuel. The goal will be to reduce oil imports by about a … Read the rest
Clean Energy Fuels (CLNE) Surging After Earnings Beat, Bottom May Be In
Clean Energy Fuels (CLNE) continues to show signs that a long term bottom is in place and will get another surge at the open this morning after the company beat analysts estimates on both the top and bottom line. The company posted a non GAAP EPS of .17/share on revenues of $83 million which was better than the analyst estimates for .16/share in EPS on revenues of $70 million. It’s the first quarter of profitability … Read the rest
Clean Energy Fuels (CLNE) To Fuel Fleet Of 48 UPS LNG Trucks
Shares of Clean Energy Fuels (CLNE) are up about 10% today on news it has signed a contract with package delivery leader UPS to fuel 48 of the their natural gas fueled vehicles. CLNE will design and build a fueling station near a UPS facility in Las Vegas and operate it under an initial 7 year contract with options for another 3 years. The facility is expected to open within a few months and also … Read the rest
Clean Energy Fuels (CLNE) Subsidiary BAF Gets Ford Approval For Nat Gas Conversions
Clean Energy Fuels (CLNE) has announced today that its subsidiary, BAF Technologies, was designated a Qualified Vehicle Modifier for natural gas fueled vehicles by Ford (F). BAF provides aftermarket conversions of Ford vans, shuttles, taxis and pick ups. The designation allows purchasers to retain their warranties because the vehicles have undergone rigorous testing to make sure the modifications meet Ford’s quality guidelines.
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John Bacon, President, BAF … Read the rest
Clean Energy Fuels (CLNE) & Hertz (HTZ) Partner On CNG Fueling Facility At LAX
Clean Energy Fuels (CLNE) and Hertz (HTZ) announced an agreement yesterday to partner on a CNG fueling station on property adjacent to LAX airport. The fueling station will be open 24/7 and provide public access (taxis and hotel transportation) as well as support the expanding CNG fleet of Hertz airport shuttle buses. Construction is expected to begin this spring and open about six months later. Hertz believes it can transition its entire LAX transit bus … Read the rest
Clean Energy Fuels (CLNE) Acquires LNG Infrastructure Company Wyoming Northstar
Clean Energy Fuels (CLNE) is looking to continue to build out its LNG fueling infrastructure in the US and the announcement of the Wyoming Northstar acquisition this morning will help. CLNE will pay $7.4 million at closing with the balance paid in yearly installments until 2015. I don’t see the total acquisition cost.
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“Having Northstar, the premier LNG station provider, in our group will … Read the rest