Clean Energy Fuels' CEO says no capital raise needed

|About: Clean Energy Fuels Corp. (CLNE)|By:, SA News Editor

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.