In proposed legislation introduced by Senator Harry Reid yesterday, it was clear that the natural gas fuel providers and parts suppliers may be big beneficiaries. Along with establishing a Nat Gas Vehicle and Infrastructure Development Program within the DOE, nearly $4 billion in rebates would be provided to purchasers of nat gas vehicles as well as another $2.5 billion for grants for infrastructure and R&D.
Andrew J. Littlefair, Clean Energy President and CEO, said, “We … Read the rest
Clean Energy Fuels (CLNE) has just announced a new 5 year agreement to provide CNG fueling services to SuperShuttle vans offering shared-ride services from major airports, including: Dallas/Fort Worth, Denver, New York City, and Phoenix as well as 6 airports in California: Los Angeles, Burbank, Ontario, Orange County, San Francisco and San Diego. SuperShuttle also bought 40 CNG-fueled vans from Clean Energy Fuel’s subsidiary BAF.
===> Click Here For Your FREE Clean Energy Fuels Analysis… 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..
– stock … Read the rest
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
T Boone Pickens has to be thrilled this morning that AT&T has announced a plan to spend $500 million over the next 10 years to begin moving its fleet of vehicles to the natural gas, hybrid and electric variety. $350 million will go to 8000 compressed natural gas vehicles and another $215 million will go to 7000 electric-hybrid vehicles, saving the company 50 million gallons of gas over the next decade. It would be … Read the rest
Just months ago, the Pickens Plan was all the rage as oil soared to the stratosphere and the credit crisis was just beginning to unravel in a big way. T Boone Pickens had grand plans of a wind farm filled with $2 billion in wind turbines courtesy of General Electric (GE). Now those plans seem to be on hold but delivery isn’t expected until 2010.
The NY Times is reporting that Pickens told reporters at … 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
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