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Desperate times...
Desperate measures !!
Now we are getting vehicle sales numbers??
Luckily, those busses can be easily modified to diesel when the CNG stations are shuttered.
Add 19 more CE fueled busses with CWI engines to the mix. ~ 6.5 million miles driven every year for the next 15 years.
https://bctransit.com/kamloops/news/article?nid=1403647355119
ARE WE WITHIN PENNIES OF OUR 52 WEEK LOWS?
AGAIN ???
CLNE News: Prospectus Filed Pursuant to Rule 424(b)(7) (424b7) 03/10/2017 04:12:24 PM
CLNE News: Statement of Changes in Beneficial Ownership (4) 03/09/2017 01:19:31 PM
CLNE News: Annual Report (10-k) 03/07/2017 04:16:51 PM
CLNE News: Current Report Filing (8-k) 03/07/2017 04:12:28 PM
CLNE News: Clean Energy Reports 84.1 Million Gallons Delivered and Revenue of $101.8 Million for Fourth Quarter of 2016 03/07/2017 04:00:00 PM
Clean Energy Fuels C (CLNE)
2.43 ? -0.06 (-2.41%)
Volume: 1,235,485 @ 4:20:49 PM ET
Bid Ask Day's Range
2.41 2.49 2.41 - 2.495
CLNE Detailed Quote
If BP sale and closing happen before month end, first quarter earnings will blow the lid off.
YES THIS IS WONDERFUL NEWS!
AND THIS IS WHY THE MARKET BELIEVES THAT CLNE IS WORTH $2.50.!
GREAT DAY !
Absolutely. We could be at the beginning of a perfect storm. Economy moving higher,growth rate around 4%+. This means much more freight moving around the country which gives the transportation industry a boost and decisions to buy new equipment are made.
Thanks for the info krays, it doesn't matter where we look, they are not going backwards on any Nat. Gas, More are being purchased by everybody that has Tested or tried the Trash, Busses and now 18 wheelers. Lets not forget the Added Contracts in Sept. we should start seeing those number coming online. Washington Transport, and others Over 17 Million Gallons where mentioned... Good Day....
Ndakota
My point on the Question is, they are actually spending more and not less, the 10 million less is because they are building less stations then in the past, Unlike what someone on the board wants use to believe, I cant find how many Truck they bought with the 100 million, but I'm willing to say it was less then the Number they are buying with the 90 Million they are spending know..Good Day....
Ndakota
You are correct in your thinking. Fewer stations in 2017 but an increase in vehicle acquisitions vs 2016. Infrastructure is nearing build out and now they are adding transport equipment.
They built 11 new stations in 2015 and 12 in 2016 per 2015 sustainability report (page 91)
In 2015, they added 800 ng tractor trailers and nearly 600 cng package cars.
In 2016, they "planned" to add 380 cng tractors. (Page 88)
https://sustainability.ups.com/media/ups-pdf-interactive/UPS_2015_CSR.pdf
I can't. But I can tell you if NatGas wasn't working UPS wouldn't be spending any money at all converting and making this change. If oil was at Opec's desired level of 60 a barrel, I believe UPS , Fedex, and others would be making a much higher commitment to NatGas. No question in my mind about that whatsoever. The reality is different however.
Yep, and all of these positives equals $2.50 per share.
Can anyone tell me how many Stations UPS built, when they spent 100 Million? and how many they Plan to build with the 90 Million they Plan to spend this Year? I believe most of some Questions will be Answered, Quite a few less stations are Needed today due to the ANGH already Built, and if I'm reading right, UPS has built around 35 already, with about 6 to 8 for this procurement.. Closer to 6 stations. Good Day...
Ndakota
UPS has committed to 90% of full year 2016 NGV spending in the first quarter of 2017.
The CWI near zero engine will dominate the NGV market which is growing exponentially.
LACMTA will not ignore the economic realities of California clean air mandates.
Very nice article... Explains CLNE's huge rally.
But it does not explain why WCI unit sales are DOWN 29%, or why UPS cut their NGV spending by 10%.
It seems to me that the important indicators are ALL NEGATIVE.
Worth the long read!
https://media.metro.net/board/Items/2016/09_september/20160914atvcitem4.pdf
HOW COME UPS IS CUTTING THEIR NGV SPENDING ?
HOW COME WE LOST THE BIG MIAMI-DADE CONTRACT? (To Trillium)
HOW COME WE LOST THE BIG PENNSYLVANIA CONTRACT ?
How come NGV sales keep dropping?
IS THE PARTY OVER? IS THE PARTY JUST NOT THAT BIG?
I am still not having any difficulty covering my short options under $2.50!
It must be because of all of the good news.
HOW ABOUT MIAMI-DADE?
HOW ABOUT PENNSYLVANIA?
WE SEEM TO BE LOSING THE REALLY BIG, IMPORTANT BIG DEALS.
I think we will be hearing more on the Fed Ex deal down in Texas, Back in Sept. Oct the Article Noted or Interview the three where having Noted More to come.. I do not think the Large Contracts signed with Washington and Others, have Materialized to be Noticed in the Q-Reports, There is plenty Like, 20 Million Gallons Plus that is coming online.
As we can all see UPS Is seeing what works as many others will follow. First the Refuse, Second the City Busses, Third come the 18-Wheelers. I love it when a plan comes together.. Good Day...
Ndakota
Coming friend. 90 mill ain't chump change. Sure it's 10 mill less, but it's still a major step in the NG direction.
No doubt you are shorting here. I will be seriously long if this dips much more.
Maybe I am not the only one but I added some shares for my kids account today.. One is 5 1/2yrs old and the other almost 7yrs so I figure by the time they turned 18 CLNE's pps will be in much better position..
How about this for cost improvement. Doesn't copy across well enough to read so see page 25 of the 10K
tem 6. Selected Financial Data.
The following selected historical consolidated financial data should be read together with Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of this report and our consolidated financial statements and the related notes included in this report.
The consolidated statements of operations data for the years ended December 31, 2014 , 2015 and 2016 and the consolidated balance sheet data as of December 31, 2015 and 2016 , are derived from our audited consolidated financial statements included in this report. The consolidated statements of operations data for the years ended December 31, 2012 and 2013 , and the consolidated balance sheet data as of December 31, 2012 , 2013 and 2014 are derived from our audited consolidated financial statements that are not included in this report. Historical results are not indicative of the results to be expected in the current period or any future period.
Year Ended December 31,
UPS CUTS THEIR ANNUAL NGV INVESTMENT BY 10% !!
No wonder the rate of growth in NGV's is slowing.
EVEN UPS IS CUTTING BACK!
Thanks for the article. UPS knows NatGas is not only good for their bottom line but good for the environment as well.
UPS Invests More Than $90 Million In Natural Gas Vehicles And Infrastructure
https://pressroom.ups.com/pressroom/ContentDetailsViewer.page?ConceptType=PressReleases&id=1489579573572-162
HAS ANYONE EVER FLOWN IN A WRIGHT FLYER???
No..., because although the Wright brothers invented the airplane, they were never able to fully capitalize on being early to the market. Neither did their investors.
GREAT IDEA....LOUSY MANAGEMENT...
I think CLNE investors will share the same fate.
It didn't make any sense to me either.
Aren't public companies required to disclose material events???
Any offers have to be reported... And no one would bid $14 for this mess.
Would a BP/Exxon merger increase royalties?
I had heard a RUMOR on another forum months ago and I stress that I have NO verification- that there was an offer out there for around $14 a share.
This CEO buying that amount of stock at that price means nothing.
Your probably right about BP, but the inferno part is a load of crap. Is there stats that CNG filling stations are blowing up?
I agree BP would be a natural candidate to buy out Clean. Would like to hear more about the situation with their current agreement. Seems this a somewhat of a partnership. Could be a way for BP to test the water so to speak.
BP is not interested in retailing CNG.
They bought Redeem as just another upstream gas well, only this well also produces EPA credits as well as methane.
BP really didn't need another gas well, but a well that produces EPA credits...Now that is cool.
The last thing a major oil company wants to see is their logo on the evening news behind an inferno caused by a teenager smoking a cigarette while filling his dad's F-150 with CNG, next to a soccer mom with a minivan full of kids.
It appears the convertible notes are being converted to equity and the owners have an opportunity to sell them in an accelerated secondary offering without disrupting the open market. This is Not a follow on, so equity is not really being diluted because the convertible shares were already on the books. CLNE will not be getting any money from this.
I have witnessed this before in a small lighting company. They paid off debt and converted all types of debt to clear up the "complexity" of the balance sheet and set themselves up for a buyout offer.
CLNE would literally be pennies for another player like BP. It could save BP 5 years of infrastructure build out for a small price.
CLNE could get bought out with relatively little risk for the buyer. Very little debt and they would acquire CLNEs large cash position, plus a large asset base that is at break even profitability now.
Buyout offer wouldn't come until April at the earliest. The BP deal closes end of March and until that closes no potential buyouts.
Great analysis kray....
Littlefair prepping the company for the big buyout! Long and strong!
Can't get my shares for $5 today!
http://investors.cleanenergyfuels.com/secfiling.cfm?filingid=1193125-17-78792&CIK=1368265
ÀLL GOOD NEWS???
HOW IS THAT BIG LNG INVESTMENT WORKING FOR THEM?
DO YOU THINK THE BOONIE INSIDERS WILL DUMP AGAIN THIS YEAR?
BP deal, good earnings beat on top and bottom line, and the CEO buying 40k shares.
Good, good, and more good news.
The market can stay irrational for a long time, but investors with a 1 year+ tome horizon should get rewarded.
Optics...Pure Optics!!
Insider selling is 10 times the buys.
Form 4 is out..
CEO just bought 40K @ $2.4893
Good sign knowing Littlefair is bullish..
If that were the case, why didn't CLNE go UP 100% when oil did?
There is only one thing at this point in time that is affecting the PPS of this stock. Look at what just hit a low yesterday.
I think the market movers are waiting to see if VETC is renewed and how 5c lower margins affect things in the coming quarters.
It looks as if all of the GREAT NEWS was already baked into the share price, which explains the modest gains today.
"Great Quarter"?
Well, it could be worse, but with oil prices and the stock market up as they are, more vigorous growth would be expected.
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Clean Energy (Nasdaq: CLNE) is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle market. It has operations in CNG and LNG vehicle fueling, construction and operation of CNG and LNG fueling stations, biomethane production, vehicle conversion and compressor technology.
Clean Energy (Nasdaq: CLNE) is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle market. It has operations in CNG and LNG vehicle fueling, construction and operation of CNG and LNG fueling stations, biomethane production, vehicle conversion and compressor technology.
Our Mission
Clean Energy is changing the way the world fuels its vehicles. Energy independence is an undisputed goal for our nation, and we at Clean Energy know just how realistic and attainable that goal is with natural gas fuel. Moving forward in our thinking as well as in our vehicles means a safer, healthier planet for all of us. This change is already happening. Natural gas is abundant and domestically available and is already used as a cleaner source of energy around the world. - See more at: https://www.cleanenergyfuels.com/about-us/#sthash.xIy4zrGL.dpuf
Clean Energy Fuels’ company growth over the decades has been marked with risk and reward, and always defined by passion. Entrepreneur and energy pioneer T. Boone Pickens and current Clean Energy President and CEO Andrew Littlefair had a vision they felt could change this country for the better.
The idea behind natural gas fuel is two-fold, and Americans hear a lot about both of its main benefits: a greener planet and energy independence. Like all paradigm-shifting ventures, Pickens’ company started relatively small and grew with consistency that proved he wasn’t just “onto something.” He was putting in motion a company that is instrumental in making the change that so many of us talk about.
Leadership
Message from the CEO Clean Energy is working to change the way America fuels their vehicles. Energy independence is an undisputed goal for our nation, and we at Clean Energy know just how realistic and attainable that goal is. – Andrew Littlefair,
Andrew J. Littlefair Andrew J. Littlefair is President and CEO of Clean Energy, a company he co-founded with T. Boone Pickens in 1997. Previously, Mr. Littlefair served as Vice President of Public Affairs at MESA Inc., then one of America’s largest independent producers of natural gas. In this role Littlefair oversaw the company’s natural gas vehicle activities and served as special assistant to Mr. Pickens. Mr. Littlefair served as Chairman of NGVAmerica for 8 years from 2003 to 2011. In 2004, he was named an NGV Champion by the International Association of Natural Gas Vehicles (IANGV). In 2014, Mr. Littlefair received an Environmental Leadership Award from the California League of Conservation Voters for his work in renewable natural gas and building America’s Natural Gas Highway. Mr. Littlefair graduated from the University of Southern California with a B.A. in Political Science. He and his wife have two sons. - See more at: https://www.cleanenergyfuels.com/about-us/board-of-directors-leadership/leadership/andrew-littlefair/#sthash.EEGOiMLZ.dpuf
Raymond Burke Mr. Burke serves as our Vice President, Business Development (Solid Waste). In this role, Raymond focuses on developing new strategic growth opportunities for Clean Energy in the solid waste industry. He leads outreach efforts aimed at educating waste industry leaders on the benefits of using clean-burning natural gas fuel for their trash collection fleets. Prior to joining Clean Energy, Raymond served as Southern California Area Vice President for Waste Management, one of America’s largest solid waste companies. He began his career at a 50-route disposal company where he held operational posts leading up to General Manager. Raymond earned an MBA from Chapman University, Orange, CA. - See more at: https://www.cleanenergyfuels.com/about-us/board-of-directors-leadership/leadership/raymond-burke/#sthash.rOhaZrw5.dpuf
Harrison Clay
Mr. Clay serves as our President of Clean Energy subsidiary Clean Energy Renewable Fuels. In this role, Harrison is responsible for leading Clean Energy’s efforts to produce and sell renewable natural gas (or biomethane) that is derived from the anaerobic decomposition of organic waste. Prior to joining Clean Energy in 2008, Mr. Clay worked at the San Francisco investment bank WR Hambrecht + Co. Mr. Clay has extensive experience in structuring and trading environmental commodities, venture capital, corporate and project finance and the clean tech and energy industries. Mr. Clay has a JD from the University of Virginia and a dual AB in Anthropology and English from the University of Georgia. - See more at: https://www.cleanenergyfuels.com/about-us/board-of-directors-leadership/leadership/harrison-clay/#sthash.4k2DvBTr.dpuf
Clay Corbus
Mr. Corbus serves as our Senior Vice President, Strategic Development. In this role, Clay helps develop strategic growth opportunities, acquisitions and financing strategies for Clean Energy. Previously he was Co-CEO of WR Hambrecht & Co, the firm that managed Clean Energy’s 2007 IPO. Prior to that, he worked with Donaldson, Lufkin & Jenrette from 1989. He graduated from Dartmouth College with an AB in Government and has an MBA in Finance from Columbia University. Clay serves as a Director with three companies: Alaska Energy and Resources Co., Overstock.com and Goodwill of San Francisco.
Mitchell Pratt
Mr. Pratt serves as our Chief Operating Officer. In this role, Mitchell initiates business strategy and oversees production across all of Clean Energy’s divisions. Before coming to Clean Energy, Mitchell was the General Manager of the Natural Gas Vehicle (NGV) department for the Southern California Gas Company. His 18-year career represents a diverse background of leadership roles ranging from customer satisfaction, financial and distribution operations, to public policy, and sales and market development. He has a degree in Engineering as well as an MBA..
Robert Vreeland
Robert Vreeland serves as our Chief Financial Officer. In this role he manages the finances for Clean Energy while seeking new revenue opportunities in the marketplace. Prior to this, Bob served as Vice President of Finance and Accounting at Clean Energy from 2012 to 2014. Before joining Clean Energy, Bob was a consultant at RV CPA Services, PLLC, a provider of certified public accounting services. From 1997 to 2009, Bob held various finance and accounting leadership positions including Interim CFO at Hypercom, a global manufacturer of electronic payment and transaction equipment. Prior to Hypercom, he spent twelve years at accounting firm Coopers & Lybrand. He has extensive experience leading global finance and accounting teams as well as deep tax and financial planning expertise. Bob earned a B.S. from Northern Arizona University and is a certified public accountant.
-- Gary Foster Senior Vice President, Corporate Communications
-- Peter Grace Senior Vice President, Sales and Finance
-- James Harger Senior Advisor to the CEO-Trucking
-- James Hooley Vice President, Federal Government Relations Don Horning Vice President, National Truck Team
-- Nate Jensen Vice President and General Counsel
-- Barbara Johnson Vice President, Administration
-- Chad M. Lindholm Vice President of Sales, Heavy Duty Trucking
Shares Outstanding5: | 70.4M |
Float: | 48.61M |
% Held by Insiders1: | 24.23 |
% Held by Institutions1: | 39.29 |
Target Price | 15.67 |
Book Value | 5.88 |
Short % of Float (as of Jul 15, 2010)3: | 25.31% |
Customer Solutions:
Airport Service Vehicles
Price-Stable Efficiency Ready For TakeoffWe understand the logistic and economic pressure airport authorities face when supporting thousands of passengers a day. Stabilize your fuel budgets, potentially increase non-aviation revenue, and offer your community cleaner skies with clean natural gas fuel.Fueling taxis, parking, hotel and rental car shuttles alongside service vehicles at North America’s busiest airports, Clean Energy has built over 37 airport-serving natural gas fueling stations to create a greener transit environment and control costs for drivers and airport authorities alike. - See more at: https://www.cleanenergyfuels.com/customer-solutions/airport-service-vehicles/#sthash.lO4XCjfr.dpuf
Construction
Your construction fleet must be efficient, clean, and cost-conscious on the job site and on deliveries. Manage your bottom line and distinguish your business as a community leader with price-stable natural gas, abundantly available in North America. - See more at: https://www.cleanenergyfuels.com/customer-solutions/construction/#sthash.O6AdGI06.dpuf
Government Fleets
The pressure to enhance your community and balance budgets can be daunting. Switching your local fleets to natural gas is an easy way to win community support, clean up the environment and control costs. Clean Energy is already serving cities and municipalities across North America, which are now enjoying the benefits of natural gas. - See more at: https://www.cleanenergyfuels.com/customer-solutions/government-fleets/#sthash.DMHyDhWd.dpuf
Heavy Duty Trucks
Carriers looking for cost stability and reliable fueling, choose Clean Energy as their natural gas fueling partner. - See more at: https://www.cleanenergyfuels.com/customer-solutions/heavy-duty-trucks/#sthash.IU7BCSy8.dpuf
Industrial Facilities
Switching to a reliable, cleaner-burning fuel is not only good for the communities where you do business, but it’s also smart for your bottom line. We deliver CNG and LNG to facility owners today, providing all the benefits of natural gas without the hassle of supply, logistics or price negotiations. - See more at: https://www.cleanenergyfuels.com/customer-solutions/industrial-facilities/#sthash.VHkzzrBb.dpuf
Light & Medium Duty Trucks
Switching to a reliable, cleaner-burning fuel is not only good for the communities where you do business, but it’s also smart for your bottom line. - See more at: https://www.cleanenergyfuels.com/customer-solutions/light-and-medium-duty-vehicles/#sthash.SmVAgs0T.dpuf
Marine
We’ll take care of everything you need to accommodate the LNG fueling process, from fitting plant-to-dock pipelines to modifications and upgrades to both your yard and dock. And of course, Clean Energy will help you navigate through the necessary permitting to make this change happen. It’s a part of the process we know well, and our experts will help make it quick and worry-free. - See more at: https://www.cleanenergyfuels.com/customer-solutions/marine/#sthash.DKavLjDu.dpuf
Mining
Your mining fleet must be efficient, clean and cost-conscious on the work site. Manage your bottom line and distinguish your business as a community leader with price-stable natural gas, abundantly available in North America. - See more at: https://www.cleanenergyfuels.com/customer-solutions/mining/#sthash.Hrl7XDO4.dpuf
Rail
In order to stay competitive in the evolving transportation industry, railroads are choosing Clean Energy as their natural gas fueling partner. We have pioneered the use of natural gas fuel in other transportation market segments, and we’ll use this depth of knowledge to help you forge the way forward in LNG-fueled locomotion. - See more at: https://www.cleanenergyfuels.com/customer-solutions/rail/#sthash.4aP13J6C.dpuf
Refuse
You are in the business of managing waste and budgets while making the world a cleaner place. Natural gas fuel for your refuse fleet can help you reach every one of these goals. That’s more than gasoline or diesel can say. - See more at: https://www.cleanenergyfuels.com/customer-solutions/refuse/#sthash.3Ksq5BHg.dpuf
Shuttles
Win customers, build loyalty and manage costs by going green. When you team up with Clean Energy, your fleet starts controlling fuel costs from day one, and customers who ride with you will feel good about their sound, environmental choice. - See more at: https://www.cleanenergyfuels.com/customer-solutions/shuttles/#sthash.2fZ7HDru.dpuf
Taxis
Your customers rely on your fleet to get them where they need to go, and to do it responsibly. Gain loyalty and repeat business with a more cost-effective, environmentally friendly fuel for your taxis. - See more at: https://www.cleanenergyfuels.com/customer-solutions/taxis/#sthash.CKcFw1Wf.dpuf
Transit
Build a cleaner, more cost-efficient transit system for your community. - See more at: https://www.cleanenergyfuels.com/customer-solutions/transit/#sthash.HG3nU4CT.dpuf
Press Release:
April 20, 2018
Investor Relations Contact: 562-493-2804, Extension 320 or call directly to 562-493-7215.
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