More on Clean Energy (CLNE): Q3 EPS loss comes in-line with estimates, but revenues miss...


More on Clean Energy (CLNE): Q3 EPS loss comes in-line with estimates, but revenues miss consensus slightly. Gallons delivered totaled 50.9M gallons, up 24% from 40.9M gallons delivered in the same period a year ago. Shares +1.6% AH.
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  • The Long Room
    , contributor
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    You can't possibly expect this company to declare a profit - yet - it is still building out its network. If it was profitable now it would not be growing out at the rate necessary to build up to a critical size.

     

    The key point however is that the amount of gas delivered is rising very nicely, and that's before the new gas powered truck engines come out as expected in about a year's time. The people who are the major investors in this company who have huge gas interests have too much on the table but to make it a success and it will even if the next year or so is a rocky road. Trucks that do not belch out black smoke and who use home produced gas (which is otherwise largely flared off) is a story behind which all politicians can get behind. I would not be surprised if City Halls across the USA specified that all municipal vehicles and contractors to the City must run on clean gas. The soot from diesel engines contributes to asthma and of course is a carcinogen.

     

    I would not be suprised to wake up one day and hear that an offer has been made by one investor to buy out all the other stockholders in this company however for now it is not any of their interests so to do. They want and need for CLNE to become a national phenomena and I hope that they succeed in doing so for many reasons not least because I am delighted to hold a long position in this security and am minded to buy some more on any more market weekness.There are risks but in my view the business is past the stage whereby the company will fold due to negative cash flow
    9 Nov 2012, 01:12 AM Reply Like
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