Natural Gas Vehicle Stocks Snapshot; Clean Energy Fuels (Nasdaq:CLNE), EVCARCO (OTCBB: EVCA), Fuel Systems (NasdaqGS: FSYS), Westport (NasdaqGS: WPRT)
Clean Energy Fuels Corp. (Nasdaq:CLNE) trading up at $ 13.85, up 0.44 (3.28%)
March 2 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com a leader in cleantech investor research, features a sector snapshot on natural gas vehicle stocks as investors and consumers look for alternative fuel choices.
Facts about Natural Gas Vehicles;
There are about 110,000 NGVs on U.S. roads today and more than 12 million worldwide.
There are about 1,000 NGV fueling stations in the U.S. – and about half of them are open to the public.
In the United States, about 30 different manufacturers produce 100 models of light, medium and heavy-duty vehicles and engines.
Natural gas costs, on average, one-third less than conventional gasoline at the pump. The U.S. Energy Information Agency reports that natural gas, on average, costs 42 percent less than diesel fuel on an energy equivalent basis and is expected to cost 50 percent less by 2035.
In 2009, about 318,600 million cubic feet of natural gas was used for vehicle fuel, according to the U.S. Energy Information Agency.
Use of natural gas as a transportation fuel is growing
Source: Natural Gas Vehicles for America
Natural Gas Vehicle Sector Snapshot
Clean Energy Fuels Corp. (Nasdaq:CLNE) trading up at $ 13.85, up 0.44 (3.28%) 1:27PM EST
EVCARCO (OTCBB: EVCA)) trading range of $ 0.0173 - 0.0257
Fuel Systems Solutions, Inc. (NasdaqGS: FSYS ) trading at $27.93, up 0.02 (0.07%) 1:30PM EST
Westport Innovations Inc (NasdaqGS: WPRT ) (WPT.TO) trading up at $18.38, up 0.39 (2.17%) 1:23PM EST
Market Snapshot; as of close February 23, 2011
EVCARCO (OTC.BB: EVCA) - Green, Electric Cars and Natural Gas Vehicles
EVCARCO (OTC.BB:EVCA) (evcarco.com) is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles
Natural Gas News; EVCARCO (OTCBB: EVCA) to Sell Class 3-5 Commercial Compressed Natural Gas Powered Trucks at Its Green Auto Dealerships
Westport Innovations Inc (NasdaqGS: WPRT ) is a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (NYSEMKT:LNG), hydrogen, and biofuels such as landfill gas. Our unique technologies reduce nitrogen oxides (NOx), particulate matter (NYSE:PM), and greenhouse gas emissions (GHG) while preserving the power, torque, and fuel efficiency of diesel engines. The Company focuses on three distinct categories or target markets - light-, medium-, and heavy-duty - through Westport business units or joint ventures. Juniper Engines is focused on 2.4L engines for industrial applications such as forklifts, oilfield service engines and light-duty automotive. Cummins Westport (NYSEARCA:CWI), a joint venture with Cummins, sells the world's broadest range of low-emissions alternative fuel engines for commercial urban fleets such as buses, refuse trucks and vocational vehicles ranging from 5.9L to 8.9L. Westport Heavy Duty (Westport HD), our proprietary development platform, is engaged in the engineering, design and marketing of natural gas-enabling technology for the heavy-duty diesel engine and truck market
About Natural Gas Vehicles:
Natural Gas Vehicles for America (NGVAmerica) is a national organization dedicated to the development of a growing, sustainable and profitable market for vehicles powered by natural gas or hydrogen. NGVAmerica represents more than 100 companies interested in the promotion and use of natural gas and hydrogen as transportation fuels, including: engine, vehicle and equipment manufacturers; fleet operators and service providers; natural gas companies; natural gas producers; and environmental groups and government organizations.
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