Clean Energy Fuels just announced the grand opening of the world’s largest LNG/CNG truck fueling station. The new natural gas fueling station is located in California, right next to the ports of Long Beach and Los Angeles. With two 25,000-gallon LNG storage tanks, six LNG dispensers, and two CNG dispensers, the station will be able to provide fuel for several hundred trucks each day. The station is open to the public and was built to … Read the rest
Tag Archives: clean energy fuels
Clean Energy Fuels (CLNE) Enters Florida Market, Gets 10 Yr CNG Contract
Clean Energy Fuels (CLNE) has entered the Florida market. The company is announcing a new 10 year contract this morning with solid waste company Choice Environmental Services to build and operate a compressed natural gas (CNG) fueling station in Ft Lauderdale, Florida. Choice Environmental is the first waste and recycling firm in south Florida to convert a portion of its fleet to cleaner burning natural gas fuel, which will begin running on the fuel in … Read the rest
Clean Energy Fuels (CLNE) Plunges Further On Stock Offering
Clean Energy Fuels (CLNE) is adding to Friday’s sharp loss this morning, taking out two key areas of support (50 and 200 day moving average) in the process after announcing a 6 million share stock offering subject to market conditions. The company will use the proceeds for working capital and other corporate purposes. Merrill Lynch & Co. is the sole book-running manager for the offering. Lazard Capital Markets, Janney Montgomery Scott and Craig-Hallum Capital Group … Read the rest
Clean Energy Fuels (CLNE) Gets 3 Yr City of Phoenix LNG Deal
Clean Energy Fuels (CLNE) continues to add government customers for its liquified natural gas fueling solutions. Today, it’s been announced that the City of Phoenix (which has the largest fleet of LNG buses in the nation) has awarded CLNE with a new three year contract to supply LNG fuel to power its fleet of 400 buses in the Public Transit Department (Valley Metro) making the Metro Fleet its largest customer to date. The contract begins … Read the rest
Clean Energy Fuels (CLNE) Beats With Another Flat Quarter
Clean Energy Fuels (CLNE) which provides compressed natural gas fueling stations (mostly for commercial vehicles), is still in search of consistent profits and revenue growth. While the company beat estimates slightly posting a loss of .06/share, that marks 5 out of the past 6 quarters the company has been under water. Revenue growth remains stagnant. The company posted revenues of $30.2 which about matched last years quarter. I suppose in this environment flat growth isn’t … Read the rest
Republic Services, Inc. (RSG) Signs Agreement with Clean Energy Fuels (CLNE)
Republic Services, Inc, 2nd largest garbage collection company in the US, just announced that it has signed a new partnership agreement with T. Boone Pickens’ Clean Energy Fuels Corporation. Under the terms of the contract, Clean Energy Fuels will build and maintain a compressed natural gas fueling system for the CNG-powered fleet that Clean Energy Republic Services is planning to roll out in Idaho.
In a company press release, executives from both companies commented … Read the rest
Clean Energy Fuels (CLNE) Gets CNG Fueling Contract From The Parking Spot
The Parking Spot, which provides near airport parking services has awarded Clean Energy Fuels (CLNE) a contract to assist in the transition of the parking shuttle fleet to CNG fuel. CLNE will design, build and maintain 3 CNG fueling stations located on TPS owned properties in Austin, Dallas and Ft Worth Texas with the possibility of a larger contract to convert the nationwide fleet later on.
James Harger, Clean Energy Senior Vice President, said, … Read the rest
Clean Energy Fuels (CLNE) Reports Wider Loss
Clean Energy Fuels (CLNE) reported sub par results after the bell today, reporting a non GAAP EPS loss of .09/share which is considerably wider than the .02/share loss in the year ago quarter. Revenues were flat over the year ago quarter at $29.6 million and about 10% less than what analysts had expected.
For the year in 08 total CNG and LNG delivered came in a bit less than the previous year, so clearly this … Read the rest
Clean Energy Fuels (CLNE) Gets New CNG Contract From TransLink of BC
Clean Energy Fuels (CLNE) was awarded a new long term CNG contract by TransLink, the South Coast BC Transportation Authority to expand and maintain their fleet of 60 clean burning CNG buses. CLNE has been under contract with TransLink for 10 years and this contract enables TransLink to more than double its fleet as Vancouver moves to greatly reduce harmful emissions. Natural gas produces up to 23% lower greenhouse gas emissions than diesel and is … Read the rest
Clean Energy Fuels (CLNE) Extends Supply Deal With San Fran Yellow Cabs For CNG Fuel
For the next 10 years, Clean Energy Fuels (CLNE) will supply San Francisco’s Yellow Cab Cooperative, the largest taxi cab operator, with around 350K gallons of compressed natural gas (CNG) fuel annually. CLNE will provide operations and maintenance to the newly expanded station south of the City which will be available for public use as well
James Harger, CLNE VP, said, “We are pleased to continue our long-term fuel supply and station operation relationship with … Read the rest