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Clean Energy Fuels Corp (CLNE) CEO Andrew Littlefair on Q1 2021 Results - Earnings Call Transcript

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Clean Energy Fuels Corp (NASDAQ:CLNE) Q1 2021 Earnings Conference Call May 6, 2021 4:30 PM ET

Company Participants

Robert Vreeland - CFO

Andrew Littlefair - Co-Founder, President, CEO & Director

Conference Call Participants

Eric Stine - Craig-Hallum

Robert Brown - Lake Street Capital Markets

Manav Gupta - Crédit Suisse

Craig Sheer - Chilly Brothers

Jason Gabelman - Cowen and Company


Greetings, and welcome to Clean Energy Fuels First Quarter 2021 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Robert Vreeland, Chief Financial Officer. Thank you. You may begin.

Robert Vreeland

Thank you, Operator. Earlier this afternoon, Clean Energy released financial results for the first quarter ending March 31, 2021. If you did not receive the release, it is available on the Investor Relations section of the company's website at www.cleanenergyfuels.com, where the call is also being webcast. There will be a replay available on the website for 30 days.

Before we begin, we'd like to remind you that some of the information contained in the news release, and on this conference call, contains forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words of expression reflecting optimism, satisfaction with current prospects as well as words such as believe, intend, expect, plan, should, anticipate and similar variations identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Such forward-looking statements are not a guarantee of performance and the company's actual results could differ materially from those contained in such statements. Several factors that could cause or contribute to such differences are described in detail in the Risk Factors section of Clean Energy's Form 10-Q filed today. These forward-looking statements speak only as of the date of this release. The company undertakes no obligation to publicly update any forward-looking statements or supply new information

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Comments (6)

Proxy time folks, you all know what to do, right?
This is our chance to kick them right where it counts.
Send a LOUD and CLEAR vote AGAINST ALL OF IT. Especially the BOD.
Not one of them should get anything but a FIRM AGAINST VOTE!!!
When Amazon speaks related stocks spike up or down. This deal CLNE barely burped. Wonder why?
Two observations: 1. Seldom, is a straight answer given. Major obfuscation. 2. GAAP don’t lie. That is why it is GAAP. All the adjusted numbers are a smoke screen.
Well after reading this report I would have to say that this is the best carrot they have ever dangled.
Andrew's opening statement is the best he has ever delivered IMO.
Man, I would eat major crow if this guy is on the level with us.
I still believe, and based on this report I'm staying long. And so should you.
We are on the cusp of greatness and the long payoff is coming if they don't screw it up.
EdwardDG profile picture
@benfam3 ahah true , I thought the same... If you have the largest multinational company in the world, with activities spanning from groceries to discretionary goods, that bets on you and it is your client; and additionally to this, the supplier of the above want to work with you too...

well, the carrot is easy to dangle at this point
@EdwardDG Nothing is ever straightforward with CLNE.

If 25% of the warrants are valued at $76 million per GAAP, and you extrapolate that to 100%, you get a value applied to the warrants of a little over $300 million.

This begs the obvious question, did CLNE give $300 million of value to generate $500 million in Revenue (not profit-revenue)?

I am not sure and they shroud everything in mystery for some reason. Again, nothing is straightforward with CLNE.
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