Clean Energy Fuels (CLNE) broke through some key support today below $8/share on news the company is selling $35 million in stock to meet needs for working capital and other general purposes which may include expenses related to its Cali LNG plant and future acquisitions.
The CEO stated, “This was a planned step in providing resources to meet our capital expenditure needs and fund the growth of our business. Given the challenging and volatile capital … Read the rest
A few hours ago it was announced that Clean Energy Fuels (CLNE) and American Honda Motor have mutually agreed to terminate the purchase agreement of FuelMaker Corp of Toronto for $17 million. No word on what led to the cancellation.… Read the rest
Clean Energy Fuels Corp will open two new compressed natural gas stations near Atlanta’s Atlanta’s Hartsfield-Jackson International Airport and Oklahoma City’s Will Rogers World Airport. Although the primary clientele of the stations will be municipal and airport vehicles, they are going to be public access stations, which is great news for anyone in these areas who owns a CNG-powered vehicle or is thinking about purchasing one. Clean Energy Fuels will own and operate the new … Read the rest
Clean Energy Fuels, the natural gas refueling company owned by T. Boone Pickens, announced yesterday that it has made an agreement with official Seattle trash-collection company CleanScapes. Under the terms of the 10-year agreement, Clean Energy Fuels will build and operate a natural gas refueling station to service CleanScape’s vehicles. Like contractors in cities across the country, CleanScapes wants to upgrade its fleet to use vehicles that produce fewer emissions. The company plans to buy … Read the rest
This fall, Californians will vote on two ballot measures related to alternative energy generation, Proposition 7 and Proposition 10. Although measures encouraging alternative energy generation would seem to be a no-brainer in California, these measures have received a lot of opposition from smaller alternative energy companies and environmental groups.
Proposition 7 would require utility companies to generate half of their power from renewable sources by 2025. On the face of it, that seems like a … Read the rest
Clean Energy Fuels (CLNE) has announced the acquisition of FuelMaker Corp of Toronto for 17 million in cash and is expected to completed within the next month.
FuelMaker manufactures, distributes, installs and services vehicle refueling appliances and accessories for fueling vehicles powered by compressed natural gas. The consumer version of the VRA is the Phill, a home refueling device that compresses natural gas from the home gas line for fueling vehicles. Recent prices for consumers … Read the rest
Last Night on CNN’s Mad Money, Jim Cramer recommended Clean Energy Fuels Corp as a good alternative energy investment. Clean Energy Fuels Corp is owned by Texas oilman T. Boone Pickens, who recently put forth a plan to wean us from our dependence from oil called Pickens Plan. The Pickens Plan involves replacing as much of our power generation as possible with renewable sources such as wind, and then switching over to natural gas for … Read the rest
Clean Energy Fuels (CLNE) the T Boone Pickens led company providing natural gas fuel solutions has been downgraded to Buy by Broadpoint Capital ahead of earnings on Wednesday, according to StreetInsider.com… Read the rest
Clean Energy Fuels (CLNE) received a one year $6.7 million LNG (liquified natural gas) supply contract renewal to serve the City of Tempe and the Regional Publich Transit Authority through a contract with the City of Pheonix
“We are pleased to continue our supply relationship with Tempe and the RPTA where we have provided reliable, cost-efficient fueling services for five years, ensuring those agencies and their riders that their buses roll out daily to meet … Read the rest