Thu, Jan. 15, 5:39 PM
Dec. 17, 2014, 2:37 PM
- Clean Energy Fuels (CLNE +8%) is up sharply after it was selected to build and operate a compressed natural gas fueling station for the Jacksonville (Fla.) Transportation Authority in a deal valued at $8.1M.
- CLNE also was hired to retrofit both of the transit authority's existing maintenance centers to accommodate the new CNG fleet.
- CLNE also says the Morongo Basin Transit Authority in California has renewed its CNG facility maintenance contract, and that its supply contract with Kroger's Fred Meyer Stores unit is expected to reach 1M gallons of liquefied natural gas in 2015.
Dec. 16, 2014, 5:42 PM
Nov. 12, 2014, 8:36 AM
- Clean Energy Fuels (NASDAQ:CLNE) +3.8% premarket after Ryder (NYSE:R) agrees to provide compressed natural gas vehicle and fuel solutions to bulk fuel haulers, a segment of the transportation industry CLNE says consumes more than 500M gallons/year of fuel.
- The agreement includes truck leasing and maintenance services for natural gas vehicles from Ryder, and CNG fueling from Mansfield Clean Energy Partners, a joint venture comprised of CLNE and Mansfield Energy Corp., one of the largest U.S. providers of transportation fuel.
Oct. 15, 2014, 3:47 PM
- Clean Energy Fuels (CLNE +10.6%) is surging after reporting that it delivered a record 50.6M compressed natural gas gallons in Q3, and saying it is acquiring a controlling interest in NG Advantage, in a bid to expand its CNG market to large industrial and institutional energy users.
- CLNE says the NG Advantage acquisition will be used primarily to fund capex for expansion and growth in the business; financial terms are not revealed.
- The purchase includes NG Advantage's Milton, Vt., compression station, which is on track to supply ~16M gasoline gallon equiv. of CNG annually.
Oct. 6, 2014, 5:36 PM
Jul. 14, 2014, 5:37 PM
May. 9, 2014, 12:47 PM
Apr. 1, 2014, 8:21 AM
- Clean Energy Fuels (CLNE) +10.7% premarket on news it has opened two more America's Natural Gas Highway stations, one in Texas and one in Oklahoma, to serve UPS' growing heavy-duty truck fleet that runs of liquefied natural gas.
- Additional truck fueling agreements were announced for fleets fueling across CLNE's nationwide network from Los Angeles to Jacksonville, Fla.
Feb. 28, 2014, 2:30 PM
- Clean Energy Fuels (CLNE -13.1%) falls to its lowest price since 2009 after posting Q4 earnings and revenue that trailed market consensus; the $85M in sales was down 14% Y/Y and included $22.7M in construction revenue related to the sale of two compressed natural gas stations.
- Q4 deliveries rose 13% Y/Y to 55.5M gallons, and CLNE President/CEO Andrew Littlefair says 2013 "will go down as the year the heavy-duty trucking industry began its transition to natural gas in a meaningful way."
- Dougherty downgrades shares to Neutral from and removes its $16 price target, as CLNE failed to give insight into its expectations for 2014 results; the firm says progress in natural gas engine adoption does not seem to be translating into increased visibility into CLNE's path to profit.
Feb. 28, 2014, 12:46 PM
Feb. 6, 2014, 3:49 PM
- Clean Energy Fuels (CLNE +1.8%) overcomes yesterday's big drop on news that its IMW Industries subsidiary entered an exclusive distribution and customer care agreement with Russian Machines Corp.
- RM will distribute IMW compressors, compressed natural gas filling solutions and parts, and will be sole provider of maintenance and service within the Russian Federation.
- The agreement supports last year's Russian decree to convert 50% of public transit and other vehicles to natural gas fuel by 2020 in cities with a population of more than 1M.
- Yesterday's 14% drubbing may have been sparked by a Seeking Alpha post describing how the huge leveraged bet which CLNE placed into constructing 90 liquefied natural gas truck refueling stations - of which ~70 are mothballed - may have wiped out shareholder value.
Jan. 15, 2014, 8:35 AM
- Clean Energy Fuels (CLNE) +9.7% premarket after announcing the opening of its first liquefied natural gas fueling station in Florida, as well as the opening of CLNE's America's Natural Gas Highway stations in Pontoon Beach, Ill., and Fontana, Calif., to fuel heavy-duty natural gas trucks.
- CLNE also says Dallas Area Rapid Transit plans to convert its entire bus fleet to compressed natural gas and has signed an agreement with CLNE to maintain DART's four CNG fueling stations.
Dec. 26, 2013, 11:13 AM
- Clean Energy Fuels (CLNE -1.8%) trades lower as Raymond James is out with some bearish commentary.
- Analyst Pavel Molchanov calls the shares a "relative short" and says the company's retail fuel margins may come under pressure, moving from $0.30-0.35/gallon to $0.15-0.20/share.
- Molchanov also says the company's leverage may be nearing the "danger zone."
- Underperform rating maintained.
Nov. 14, 2013, 11:22 AM
- 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.
Nov. 13, 2013, 11:35 AM
- Clean Energy Fuels (CLNE +3.8%) signs a multi-year bulk fueling agreement to supply liquefied natural gas to two private UPS stations in Texas, and will open three of its America's Natural Gas Highway stations to support UPS' over-the-road fleet.
- The fueling agreements will support UPS heavy-duty trucks, one of the largest LNG truck deployments in North America to date.
CLNE vs. ETF Alternatives
Clean Energy Fuels Corp, is engaged in the business of selling natural gas fueling solutions to its customers in the United States and Canada. It also designs, builds, finances, and operates natural gas filling stations for vehicle fleets.
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