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
Category Archives: Liquified/Compressed Natural Gas Fuel
Fuel Systems Solutions (FSYS) Down Big After Missing Big On EPS, “2011 Remains An Investment Year”
Fuel Systems Solutions (FSYS) is having a rough morning, down 15% after reporting an EPS that was well below analyst expectations. After taking out the one time relocation cost of moving a portion of its business from the Netherlands to Italy, the company reported an EPS of .065/share which was well below the analyst estimate for a profit of .17/share. The company attributed the miss to higher taxes in the quarter. On the bright side, … Read the rest
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.
Fuel Systems Solutions (FSYS) Named Supplier For General Motors (GM) CNG Pickup Truck
Today Fuel Systems Solutions (FSYS) was selected by General Motors (GM) as a Tier-One supplier for a new compressed natural gas (CNG) bi-fuel commercial pickup truck. The company is already integrating its bi-fuel systems into the Chevy Express and GMC Savana cargo vans at its facility in Indiana and will add this new CNG pickup from GM into the mix. The vehicle is expected to launch in about a year.
Westport Innovations (WPRT) Acquires Natural Gas Fuel Systems Provider For Volvo In Sweden
Westport Innovations (WPRT) announced this morning it has acquired a Sweden based company that provides natural gas fuel systems to Volvo for $7.6 million. Alternative Fuel Vehicle Sweden AB (AFV) of Gothenburg, has been installing the nat gas fuel systems for the bi-fuel V70 wagons since 2009 and aims to expand into other markets with the help of Westport.
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"Natural gas technology is playing an … Read the rest
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
Westport Innovations (WPRT) & General Motors (GM) To Partner On Natural Gas Vehicle Development
Significant news hit yesterday in the world of natural gas vehicles. Nat gas engine extraordinaire Westport Innovations (WPRT) announced it will work with General Motors (GM) for the advancement of natural gas engine technology. The company also announced it plans to open a new R&D center in Michigan.
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"We are excited to work with GM and invest in advanced natural gas technology for the automotive … 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
Capstone Turbine (CPST) To Help Power “Green” Ship With LNG Microturbines
Capstone Turbine (CPST) announced a recent order for two C30 liquid natural gas (LNG) microturbines to be used aboard a Type C tanker for the main power supply. Some of the heat will also be recycled to power the microturbine and the main propulsion engines.
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"The customer selected low-emission Capstone microturbines for this innovative vessel to take advantage of Capstone’s ultra-low emissions as well as our low … Read the rest
Ford (F) Sees Increasing Demand For CNG Natural Gas Vehicles
I just posted about Obama’s energy policy speech which is helping to lift the natural gas fuel stocks. A press release from Ford Motor (F) is likely helping as well. They are saying that demand for CNG (compressed natural gas) vehicles has been rising due to rising oil prices, government incentives and an increased number of available nat gas pumping stations. Ford offers the CNG option on its Transit Connect E-Series vans and F-series super … Read the rest