- Shares of Clean Energy Fuels (CLNE +3.7%) are strong after the company said it had struck a deal with GE Capital (GE +2.4%) that will help companies finance purchases and leases of natural gas-fueled trucks.
- The agreement would allow truck fleet operators to obtain natural gas fueling contracts with CLNE and then apply for loans and leases from GE Capital CLNE would then would help offset the monthly cost of a natural gas truck to make it comparable to the cost of a diesel truck.
- Analysts say the CLNE-GE arrangement would effectively remove the upfront capital differential that still favors diesel.