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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