Seeking Alpha

Clean Energy Fuels' CEO says no capital raise needed

  • Clean Energy Fuels (CLNE +6.2%) enjoys strong gains after CEO Andrew Littlefair, speaking in an interview on CNBC, said CLNE will not need to raise capital.
  • From an operational standpoint, CLNE is essentially breakeven, and a recent $250M convertible debt deal means that the company has ~$400M for its capital program, so he's "not worried" about the cash position.
  • Littlefair also said CLNE's liquefied natural gas supply agreement with UPS will add to its earnings.
Comments (1)
  • flydon1954
    , contributor
    Comments (6) | Send Message
     
    Two years from now $24's PPS will be blown through big time. Middle East can suck their oil and pay higher prices for our grain now that they don't us behind the eight ball . For MANY MANY years to come the BTU's needed in this Country will be supplied from this Country in the form of N.G.
    14 Nov 2013, 08:11 PM Reply Like
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