Just a few analyst rating changes/price target adjustments today.
Morgan Stanley has cut the price target on First Solar (FSLR) from $160 to $145 this morning, but maintains its Overweight rating. This follows price cuts from Citi and Hapoalim yesterday. Shares are holding up well today, up about 2% and continue to hold the key $100 level. Click Here For Your FREE First Solar Analysis
Macquarie initiated coverage on Westport Innovations (WPRT) with a Buy … Read the rest
Clean Energy Fuels (CLNE) reported after the bell today, missing Wall St estimates by reporting a wider loss of .07/share vs the estimate of a .03/share loss. Revenues missed as well, coming in at $39 million vs the estimate of $43 million. It’s an improvement over the year ago quarter on the revenue side, but traders are selling companies that meet estimates, so they’re certainly going to dump them if they miss and that’s … Read the rest
Fuel Systems Solutions (FSYS) smashed Wall St EPS estimates of .92/share by reporting $1.59/share, which is a nearly 300% increase over the year ago quarter. Revenues were also impressive, more than doubling from the year ago quarter to $161.70 million. The company did say after it’s last earnings report that they did expect another strong quarter due to a surge in demand because of expiring Italian subsidies for CNG vehicles, but that it would be … Read the rest
Clean Energy Fuels (CLNE) has just announced a new 5 year agreement to provide CNG fueling services to SuperShuttle vans offering shared-ride services from major airports, including: Dallas/Fort Worth, Denver, New York City, and Phoenix as well as 6 airports in California: Los Angeles, Burbank, Ontario, Orange County, San Francisco and San Diego. SuperShuttle also bought 40 CNG-fueled vans from Clean Energy Fuel’s subsidiary BAF.
===> Click Here For Your FREE Clean Energy Fuels Analysis… Read the rest
The green stocks universe continues to grow and I’m pleased to announce that we’ll begin coverage of three new green stock plays – one an LED play, another a speculative biofuels play and the other, a parts player in the solar and CNG vehicle industries. The first I want to highlight is Sensata Technologies (ST). The others in posts to follow..
Sensata Technologies (ST): Sensata debuted with its IPO on March 11th and has … Read the rest
A Clean Energy Fuels (CLNE) subsidiary, BAF Technologies, has received an order from Verizon to convert 501 new Ford E-250 vans to CNG using BAF’s proprietary CalComp System. BAF will provide the technology and will outsource the installs to Steelweld Equipment of California and North American Upfitters of New Hampshire which are both participants in Verizon’s Supplier diversity program and have been long time suppliers. No word on the financials of the deal.
:::: >>> … Read the rest
Clean Energy Fuels (CLNE) is expanding its presence in NYC, by building two new CNG fueling stations in the Queens area as well as next to Liberty National Airport. The stations will help meet the the demand of a growing fleet of natural gas fueled taxis, limos and other transit vehicles. Construction is expected to begin next month and expected to open in the fall.
===> Click Here For Your FREE Clean Energy Analysis… Read the rest
Clean Energy Fuels just announced that the LA Metro Transit Agency has awarded it contracts worth approximately $8.4 million. Per the agreements, over the next year and a half Clean Energy Fuels will upgrade CNG compressor equipment at 4 of Metro’s CNG fueling stations. The fueling stations in question are operated by Clean Energy Fuels.
In a press release, James N. Harger, Clean Energy’s Chief Marketing Officer, commented on the news:
“We are pleased to … Read the rest
Clean Energy Fuels (CLNE) was out with some more contract news this morning, but traders are more focused on a negative Barron’s piece over the weekend, warning that the company needs cash to expand while Pickens will need to cash out sooner rather than later. Yep, that means dilution and Barron’s believes the stock could take a 30% hit after quadrupling in the past year. Here are a few highlights from the article..
– stock … Read the rest
===> Click Here For Your FREE Clean Energy Fuels Analysis
Clean Energy Fuels just signed a deal with AT&T to build CNG fueling stations for AT&T’s forthcoming fleet of 8,000 CNG vehicles. AT&T plans to spend $565 million on 15,000 CNG vehicles over the long term, with $350 million of that being spent on 8,000 CNG vehicles over the next 5 years. Clean Energy Fuels will build and operate the fueling stations for these vehicles, … Read the rest