Clean Energy Fuels (CLNE) landed a big deal today in which the company will build, own and operate CNG/LNG fueling centers at Pilot Flying J truck travel centers at select locations. With the availability of the new class-8 natural gas trucks being rolled out from several manufacturers, the company sees a big opportunity.
==> Get A Free Daily Technical Analysis Report For CLNE Here
"Pilot Flying J is the clear leader in the truck stop … Read the rest
A-Power Energy (APWR) missed earnings estimates by a wide margin once again this morning and the stock is down more than 10% as a result. The company reported an EPS of .14/share which was a big improvement sequentially but down 30% over the year ago quarter. Analysts were expecting .20/share. Revenues also jumped over last quarter (by about 60%) to $57.5 million, but off about 10% from the year ago quarter and missing estimates as … Read the rest
Yesterday, Fuel Systems Solutions (FSYS) got a bit more diversified with the purchase of the Power Systems unit of Teleflex for $14.5 million which includes industrial and transportation alternative fuel components and systems and auxiliary power systems. The deal is expected to close this quarter and begin contributing to earnings next year.
The Power Systems segment is comprised of 3 business units:
Idle Reduction & Power Management manufactures products to increase efficiency and reduce carbon … Read the rest
A-Power Energy is best known for their wind turbine biz but quietly have been pursuing and winning work to build biofuel facilities which we reported here several weeks ago. This morning they are announcing a potentially huge partnership deal with Macau Natural Gas, to construct an offshore liquid natural gas (LNG) complex to import, store and re-gasify LNG to help power the casino mecca Macau. A-Power’s industry alliance Shenyang Power Group, which it owns … Read the rest
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
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) 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
Officials with the Department of the Interior are requesting that the Federal Energy Regulatory Commission postpone approval of AES’ proposed LNG plant in Chesapeake Bay. The Federal Energy Regulatory Commission was expected to give AES permission to proceed with the plant, but the DOI wants to wait until an additional wildlife study is finished and analyzed.
According to the Baltimore Examiner, the proposed construction would include the following:
… Read the restFERC staff and U.S. Commerce Secretary
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
The Clean Energy Fuels (CLNE) LNG plant in the Mojave Desert, which is the largest in the Southwest has begun to produce and will output up to 160K gallons per day of liquified natural gas but can be expanded to output 240K gallons if the demand is needed. The site will also include a storage facility for 1.8 million gallons of LNG
“We have built the new LNG production facility to respond to the … Read the rest