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.
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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..
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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
Last night I reported on Clean Energy Fuel’s (CLNE) strong earnings report and the Janney Montgomery Scott Buy rating reiteration is helping to push the stock to a new all time high today with heavy volume. They have raised the price target as well to $26. Hat tip to Street Insider for the following analyst comment:
“Clean Energy Fuels reported 4Q09 revenue and EPS that beat consensus revenue and EPS on lower-than-expected volumes. We would … Read the rest
Clean Energy Fuels (CLNE) is up about 3% in after hours trading after beating Wall St estimates by a wide margin on the EPS side. The company reported an EPS of .02/share while Wall St expected a .04/share loss. Revenues came in about 5% higher than expected at $42.2 million. That’s a nearly 50% increase over the year ago quarter and the company has now strung together two straight profitable quarters for the first time … Read the rest
T. Boone Pickens told the Houston Chronicle yesterday that he expects Congress to pass the Natural Gas Act by Memorial Day. If it’s passed, the act would greatly increase the use of natural gas as a fuel for heavy-duty fleets, which would be a boon (pun most definitely intended) to Pickens’ company Clean Energy Fuels. Consuming the equivalent of 21 barrels of crude oil per day, the oil used to fuel heavy-duty fleets represents a … Read the rest
Clean Energy Fuels just announced that it has been given a 10 year supply contract from the Dallas/Fort Worth International Airport. Under the agreement, Clean Energy Fuels will build and operate a CNG fueling station for the airport’s new fleet of CNG-powered shuttle buses. The airport plans to replace all 46 of its shuttle buses with CNG vehicles and to set allow CNG vehicles from the surrounding community to use the CNG fueling station. At … Read the rest
Add Austin, Texas to the expanding portfolio of CNG fueling station locations for Clean Energy Fuels (CLNE). The company announced earlier today that it has won a 10 year contract to design, build and maintain a public compressed natural gas (CNG) fueling station near the Austin-Bergstrom International Airport. Not only will the station will serve the general public, but provide fuel to airport shuttles and taxi cabs. Construction is expected to begin in just a … Read the rest
Clean Energy Fuels just announced that AT&T has placed an order with Clean Energy Fuels’ subsidiary BAF Technologies to have 463 Ford E-250 vans converted to run on compressed natural gas.
The order is due in the second quarter of next year. Previously, AT&T placed an order for 463 van conversions that will be due in the first quarter of 2010. AT&T has also indicated that BAF should buy supplies for an additional 463 van … Read the rest