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) 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
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
Clean Energy Fuels (CLNE) is getting an 18 month contract extension from Sun Metro of El Paso, Texas to continue supplying them with liquefied and compressed natural gas fuel to run their fleet of public buses. CLNE has had a contract with Sun Metro since 2003 and now supplies nearly 5 million gallons annually.… Read the rest
Central Jersey Waste & Recycling has hired Clean Energy Fuels (CLNE) under a 5 year contract to provide financing, design, construction, operating and maintenance for a compressed natural gas fueling station. Central Jersey Waste is the first firm in New Jersey to convert a portion of its fleet to natural gas.
James Harger, CLNE VP said, “We are pleased to provide these services for Central Jersey Waste that will in turn benefit the state of … Read the rest
Clean Energy Fuels (CLNE) has been awarded a 10 year contract by the city of Glendale, California to build, maintain and operate a public access natural gas fueling station that will be used to serve public transit buses, municipal vehicles, hauling trucks, taxis, shuttle buses and passenger cars near the Bob Hope airport. It will potentially dispense 800K gallons annually as Glendale’s goal replacing all of its diesel powered fleet vehicles with CNG vehicles over … Read the rest
Bus fleets in San Diego, Las Vegas and Phoenix have begun expansions of their compressed natural gas (CNG) initiative in order to decrease emissions. Clean Energy Fuels (CLNE) has contracts in place with these cities and stands to benefit from the expansion of CNG use to the tune of 2.5 million additional gallons per year.
The San Diego Transit System is scheduled to add 26 new 60ft CNG buses and 50 ft CNG buses by … Read the rest
Shares of Clean Energy Fuels (CLNE) are giving back about 8% of today’s 25% surge after hours after reporting mixed results. Revenues missed expectations by one million at 35.3 million for the quarter, good for a 21% increase over the year ago quarter. EPS, excluding one time stock compensation charges came in at a loss of .18/share, a bit better than the .22 loss analysts had expected. That compares to a flat non GAAP EPS … Read the rest
Clean Energy Fuels (CLNE) is announcing this morning that the City of Burbank, California is expanding its contract with the company to 2022. Under terms of the contract, CLNE will design, build and operate a new compressed natural gas (CNG) fill station at the Public Works Yard.
“We are pleased to continue and extend our successful CNG fuel relationship with the City of Burbank, where we have provided reliable, cost-effective, environmentally-friendly fueling services for the … Read the rest
With oil prices well off their peak and California mired in financial woes, California’s Prop 10 (or California Alternative Fuels Initiative) which would have provided incentives for purchasers of alternative fuel vehicles, research for development of solar and other renewable energies and training for green collar jobs was defeated by a wide margin.
Many have come to know it has the key for T Boone’s “Pickens Plan” because it calls for much greater use of … Read the rest