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Caught me by surprise too Kettleman.. Good to see other countries starts to adapt..Patience is a virtue..
Lots of upgrades buy or strong buy on KDMN..
Just got on board hope this investment come into fruition..
Dynavax
Market value: $448.0 million
TipRanks consensus price target: $16.00 (229% upside potential)
TipRanks consensus rating: Strong Buy
Dynavax (DVAX, $4.86), which takes advantage of the body's own immune responses to create effective vaccines, is among the health and pharmaceutical companies battling the COVID-19 coronavirus. However, while it has grabbed headlines for its collaborations on developing a COVID-19 vaccine, DVAX already has an approved vaccine for hepatitis B.
For the first quarter of 2020, sales of Dynavax's Heplisav-B came in at $10.5 million. While this missed the $11.3 million consensus estimate, it surpassed H.C. Wainwright analyst Edward White's $10 million call. Sales did slip by 0.5% on a sequential basis, which was chalked up to the pandemic.
But White pointed out that in late March, Dynavax said the European Medicines Agency accepted the company's application for Heplisav-B, which has a targeted approval in the first quarter of 2021. So White remains firm on this year's goals and sees big things down the road. "We maintain our 2021 revenue estimate of $74.4 million," he writes. "We estimate sales will rise to $236 million in 2028."
Heplisav-B also is being studied in other indications. Dynavax recently published interim data from the HBV-4 trial enrolling patients undergoing hemodialysis showing that it was both effective and well-tolerated. White is looking forward to the release of the complete results.
"Full data from the trial are still expected in 2H20 as this study has not been impacted by the pandemic; people on dialysis need to remain on dialysis despite COVID-19," he writes. "Hemodialysis represents about 16% of the hepatitis B market, and we believe increased share and overall growth of this market could drive sales of Heplisav-B."
White has a Buy rating and a $12 price target on shares, conveying high confidence - and the potential for shares to jump 147% over the next year. A small group of analysts covering the stock have dished out three Buy ratings versus no Holds or Sells over the past quarter. You can learn more about the analyst community's views on DVAX via TipRanks' consensus breakdown.
Whoa! What happened after hours?
Sure does Easka.. Yeah the dropped was absurd but hats off to those who
added..
Great job on adding at 0.75 lowered your avg to $1.07 Kettleman.. You're looking good now and wait til WPRT really takes off..
Our Jack is awfully quiet now :)
Bought 5k last Thursday @0.26 and sold today at 0.301.. $ gained are for my poker money..Not too shabby eh..
You're welcome! Some analysts are now starting to see the potential of WPRT giving ratings to BUY or Strong BUY..
Up +32% atm not too shabby and good volume as well..
An upgrade to Strong Buy..
Westport Fuel Systems, Inc. (WPRT)
Next on our list is a company involved in clean transportation technology. Westport engineers and produces natural gas engines, along with fuel system components for passenger cars and on- and off-road commercial vehicles. The company is a leader in high pressure direct injection (HPDI) technology.
The coronavirus pandemic was hard on Westport in Q1. The company’s Italian manufacturing facility was forced to shut down, and only resumed operations on May 4. Looking ahead, the company is expected to report a Q1 net loss of 5 cents per share come June. On positive note, Westport faces these difficulties after a year of growing revenues and earnings in 2019, culminating in Q4’s break-even EPS – much better than the 1-cent loss predicted, and far better than the year-ago quarter’s 8-cent loss. Revenues were up 23% year-over-year in Q4, and reached $74.3 million.
5-star analyst Colin Rusch, of Oppenheimer, is optimistic that WPRT can weather this storm. He writes, “We believe the company is being prudent in declining to provide guidance given the clear uncertainty around the coronavirus containment efforts, particularly in Europe... We believe working capital management will be critical for WPRT as it navigates lower volumes for a period of time along with compressed margins. We remain constructive despite near-term headwinds.”
Rusch’s comments support his Buy rating on this stock. He gives WPRT shares a $3 price target, which indicates confidence – and a 209% upside potential for next 12 months. (To watch Rusch’s track record, click here)
Craig-Hallum’s Eric Stine is even more bullish on WPRT. The four-star analyst points out that the company will receive support from governments in Europe and Canada, and goes on to outline why the company has a strong future ahead. “With the shift to alternative fuels driven by straightforward economics and the competitive advantage gained, we believe that Westport Fuel Systems is at very early stages of a meaningful growth ramp,” he explained.
Stine places a $5 price target on this stock, to support his Buy rating. His target implies a whopping one-year upside potential of 415%. (To watch Stine’s track record, click here)
Westport Fuel is another company with a unanimous Strong Buy analyst consensus view. The rating is based on 3 Buy reviews set recently, and comes with an average price target of $3.33. This suggests room for an impressive 242% upside potential. (See Westport stock analysis on TipRanks)
Diversified is always the key in investing..
I also own about 4k of XRP I am in the red on that one :(
I've added 906 of LINK yesterday for my kids.. I was too impatient hit my order and did not wait for the $3.50 that I was looking for..Bought it at $3.72 but I think that is still very cheap considering my kids are only 8 and 10 yrs old so by the time they reached the age of 18 their LINK should be in the hundreds if not thousands worth per tokens..
Accumulated through out the years..I clicked every ads that pooped up plus the bonus you get when you used the browser.. I couldn't remember I think they used to give 40 BAT away just by downloading the browser..
I bought mine a little cheaper than yours at $2.19 to $2.26 I wish I would of found out LINK sooner..
BTC halving will definitely push the price up for sure..
Til this day I regret selling my 13 BTC back in 2014 that $10k investment would of been $259K in 2017 lesson learned..
I wouldn't sell my LINK this time til it reached to $1000..Might as well dream big G :)
I agree with you..I remember when I started doing a research about BAT 3yrs ago I found out that Brendan Eich is the man behind this project..Knowing he was the creator of java script and Mozilla I know this is going to be a no-brainer investment for me..
I know I am only holding almost 11K tokens but if BAT ever takes off I will be smiling from ear to ear..
Loving my BAT and LINK right now both having a good day compare to yesterday's price.
Just edited my GTC open order from $3 to $3.50... I hate chasing but will wait hopefully it gets filled
Yessir..
Only the shadow knows :) I love my BAT and LINK but still hold +3k of XRP
*Correction $3.60-$3.80
I would hope so.. $50 is more realistic but $100 is more like a pipe dream..
Looks like we are consolidating at $4.60-$4.80 mark
I have another order of 1k on standby if it goes to $3..
This is my baby along with my BAT.. BAT is doing good today can't complain
Up 21% atm.. Doubled my $
GO BAT!
I just got my 27BAT rewards.. Love getting the rewards each in every 5th of the month.. I think already accumulated 500+ BAT
DVAX is up +16% something is brewing behind the scene.. Guessing they will have a good earnings tomorrow..
I hear you I've added a couple times when it dipped..
Meanwhile my latest buy at $1.36 is looking good..
I am bullish on LINK..LINK in my opinion will be around $50-$100 by end of year base on the contracts that they are in with and are working on behind the scene..
LINK is one of my biggest holdings along with BAT but still want to have more in the upcoming days..My $ will get cleared by tuesday or wednesday the latest so will be looking to add more when it dips.
Awesome day between my LINK and BAT.. Hoping these two of my biggest holdings will send me retiring sooner than later.. GO BAT and LINK!
Awesome day between my LINK and BAT.. Hoping these two of my holdings will send me retiring sooner than later.. GO BAT and LINK!
Started my new position at $0.164.. Many moons ago I made some good money on CHK I am hoping the outcome will be the same or better..
Good buying I wish I have more ammo..
Just my latest add but not as proud as you shorting CLNE and WPRT..
Meanwhile I like my most recent buy at $1.36
This is a no brainer DShade..I have a lot invested on BAT and LINK..Glad you are on board.. Brendan Eich is the man!
Me thinks that LINK & BAT will be the best cryptos/blockchains I have ever invested on and I still have NEO, ETH, BTC, and XRP in my portfolio..
KeHE Distributors Invests in a Sustainable Future
PR Newswire•March 24, 2020
NAPERVILLE, Ill., March 24, 2020 /PRNewswire/ -- KeHE Distributors, a leading natural & organic, fresh and specialty distributor has partnered with Clean Energy Fuels Corp. (NASDAQ: CLNE) to add low-carbon emission trucks fueled with renewable natural gas (RNG) to their California fleet in 2020. By swapping five diesel trucks with natural gas trucks, KeHE expects an annual carbon reduction of 674 metric tons, the equivalent of planting 11,120 trees and recycling 235 tons of landfill waste.
Clean Energy's Redeem™ RNG is a clean low-carbon alternative fuel produced from organic waste. The environmentally friendly fuel source has been proven to reduce greenhouse gas emissions by at least 70% versus diesel. Zero Now is an ultra-clean fuel and engine combination, developed by Clean Energy, to help achieve zero emissions in the trucking industry.
"As a certified B Corporation and stewards of the environment, KeHE firmly believes in using our business as a force for good," said Chris Sieburg, EVP Operations, KeHE. "Clean Energy's Zero Now has enabled us to make progress towards our new carbon reduction goals. By adding trucks fueled with clean fuel to our fleet, we're able to sustainably deliver products in a way that aligns with our company's values. To make the kind of impact we're striving for, progress will be evolutionary. These are great first steps."
Tom Harden, Corporate Equipment Manager at KeHE stated, "It made sense for us to partner with Kenworth, the number one driver preferred truck in America, that has a long-standing relationship with Clean Energy."
Each of the five Kenworth compressed natural gas (CNG) tractor trucks will travel approximately 90,000 miles per year using about 15,000 gallons of renewable natural gas per truck annually. The impactful shift to the Kenworth's natural gas trucks will reduce the annual carbon emission comparable to removing 143 cars from the road.
"Switching to trucks fueled with RNG supports KeHE's commitment to sustainable and responsible living because they create a clear pathway to the carbon-free distribution of natural and organic foods," said Chad Lindholm, Vice President, Clean Energy. "KeHE is a prime example of a fleet taking action that immediately decreases the environmental impact of their operations."
"We're grateful for this opportunity to move the needle as part of our commitment to running a greener fleet," said Laura McCord, KeHE's Executive Director of Sustainability and Corporate Responsibility. "All drivers have the opportunity to make an environmental impact through the types of vehicles they choose to drive every day. With 284.5 million registered vehicles on the road in the United States, we're encouraging more companies and consumers to rethink how they get around."
Visit https://www.cleanenergyfuels.com/zero-now for more information on Clean Energy and their Zero Now initiative.
About KeHE
With its nationwide distribution network, KeHE provides natural & organic, specialty & fresh products to chain and independent grocery and natural food stores and other specialty product retailers throughout North America. KeHE is an employee-owned, B Corporation certified, company with over 5,000 employees in the U.S. and Canada. Where KeHE Goes, Goodness Follows.® For more about KeHE, visit KeHE.com or check out our social media channels: Facebook, Twitter, Instagram, & LinkedIn.
About Clean Energy
Clean Energy Fuels Corp. is the leading provider of natural gas fuel and renewable natural gas (RNG) fuel for transportation in the United States and Canada, with a network of approximately 540 stations across North America that it owns or operates. Clean Energy builds and operates compressed natural gas (CNG) and liquefied natural gas (LNG) stations and delivers more CNG, LNG and RNG vehicle fuel than any other company in the United States. For more information, visit www.CleanEnergyFuels.com.
KeHE Media Contact:
Ari Goldsmith
Vice President of Marketing, KeHE
Ari.Goldsmith@KeHE.com
I didn't expect Worstport(as you call it) to rebound..All stocks are going to the shitter thanks to this man-made virus..my opinion only
WESTPORT FUEL SYSTEMS REPORTS FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS
~Strong 2019 Financial Performance~
VANCOUVER, British Columbia, March 17, 2020 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the fourth quarter and year ended December 31, 2019 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
KEY ACCOMPLISHMENTS
Transportation revenue grew to $305 million, up 13% over 2018 and 33% since 2017.
Adjusted EBITDA of $28 million compared with $10 million in 2018, nearly a 200% increase.
"2019 was a pivotal year for Westport Fuel Systems. We continued our trend of year-over-year financial improvements to both our top- and bottom-lines. Importantly, our core business is thriving and Westport HPDI 2.0™ is demonstrating scalability, in both economics and operations,” said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. “Strong year-over-year revenue growth and continued cost control underpins our ongoing HPDI commercialization efforts. Each of our business units delivered improved operating results and we remain confident in our outlook as the demand for our technology continues to strengthen in key markets like Europe, China, and India. Our focus on delivering on our commitments to customers and enhancing our operating performance is unwavering.”
FINANCIAL HIGHLIGHTS
Transportation revenue for the year ended December 31, 2019 increased by 13% to $305.3 million compared with $270.3 million for the year ended December 31, 2018, primarily as a result of increased HPDI revenue in 2019. For the quarter ended December 31, 2019, revenue increased $13.8 million or 23% over the prior year quarter in 2018.
Positive net income from continuing operations for 2019 of $0.2 million compared to a loss of $40.8 million for 2018. In Q4 2019, net income from continuing operations improved to $0.6 million compared to a net loss from continuing operations of $10.4 million for Q4 2018.
EBITDA improved $38.4 million from negative $13.5 million for 2018 to $24.9 million for 2019. Q4 2019 EBITDA of $5.0 million was the fourth consecutive quarter of positive EBITDA and an improvement from negative $5.3 million in Q4 2018.
Adjusted EBITDA improved 196% from $9.6 million in 2018 to $28.4 million in 2019. For Q4 2019, Adjusted EBITDA improved to $3.6 million from $0.2 million in Q4 2018.
2020 KEY PRIORITIES
Our key strategic priorities for 2020 are:
Sustained growth and profitability of our light-duty business through the aftermarket and OEM channels.
The successful commercial launch of Westport HPDI 2.0™ in China to drive volume growth that enables cost reduction and margin improvement.
Secure new light-duty and heavy-duty OEM customers in key market geographies.
Material and structural cost reductions to improve margin and cash flow.
2020 Outlook
We are closely tracking and monitoring the impact of COVID-19 on our business, including our operations in China and Italy. Given the high degree of uncertainty in markets around the world and the recent drop in oil prices, we expect that the headwinds which are developing now may persist for much of the rest of the year. We are working to continue the growth of the business for long term profitability and to ensure we have the liquidity to invest and operate our businesses and meet our financial obligations.
Q4 2019 & FULL YEAR 2019 FINANCIAL HIGHLIGHTS
CONTINUING OPERATIONS
($ in millions, except per share amounts) Three Months Ended
December 31, Over /
(under) Year Ended
December 31,
2019 2018 2019 2018
Revenues $ 74.3 $ 60.5 23 % $ 305.3 $ 270.3
Gross Margin 13.8 12.3 13 % 68.3 64.2
Gross Margin % 19 % 20 % — 22 % 24 %
Operating Expenses 19.3 27.3 29 % 89.6 116.9
Income from Unconsolidated Joint Ventures 6.8 5.8 N/A 26.7 22.7
Net Income (Loss) from Continuing Operations 0.6 (10.4 ) 106 % 0.2 (40.8 )
Net Income (Loss) per Share from Continuing Operations — (0.08 ) 100 % — (0.31 )
EBITDA (1) 5.0 (5.3 ) 194 % 24.9 (13.5 )
Adjusted EBITDA (1) 3.6 0.2 1,700 % 28.4 9.6
(1) EBITDA and Adjusted EBITDA are non-GAAP measures. Please refer to GAAP and NON-GAAP FINANCIAL MEASURES for the reconciliation.
Consolidated revenues for Q4 2019 increased by $13.8 million to $74.3 million, or 23% over the same period last year. Revenue from the Independent After Market business increased by $8.3 million mainly due to stronger demand for aftermarket and Delayed Original Equipment Manufacturing products. Revenue from the OEM business increased by $5.5 million in Q4 2019 due to higher HPDI 2.0™ product sales.
Consolidated gross margin for Q4 2019 increased by $1.6 million to $13.8 million over Q4 2018. The increase in gross margin is due to higher sales while the decrease in the gross margin percentage is due to product mix and volume-related pricing reductions on HPDI 2.0™.
Consolidated operating expenses for the quarter ended December 31, 2019 decreased by $8.0 million to $19.3 million, or 29% over the same period last year. Decreases were realized in general and administration expenses, research and development expenses, depreciation expense and foreign exchange. The $2.3 million decrease in general and administration expense was mainly due to a reduction in legal costs for the previously ongoing SEC investigation of $3.1 million, offset by higher compensation costs. The $0.9 million decrease in research and development expenses was due to increased customer-funded development programs and a reduction of headcount. During Q4 2019, a foreign exchange gain $2.7 million was recognized as compared to a foreign exchange loss of $1.5 million in Q4 2018.
Income from the unconsolidated joint ventures for the quarter ended December 31, 2019 increased by $1.0 million to $6.8 million compared to $5.8 million in the same period last year. The increase in income resulted from higher sales and lower warranty expense in Q4 2019 as compared to Q4 2018.
Net income from continuing operations for Q4 2019 was $0.6 million or $0.00 per share, compared with a net loss of $10.4 million or negative $0.08 per share in Q4 2018. This improvement is driven by higher revenue and resulting margin, reduced operating expenses and higher income from unconsolidated joint ventures.
Cash decreased $15.1 million during the year largely as a result of debt service and royalty payments during the year.
CUMMINS WESTPORT INC. HIGHLIGHTS
CUMMINS WESTPORT HIGHLIGHTS
($ in millions, except unit amounts) Three Months Ended
December 31, Over /
(under) Year Ended
December 31, Better /
(Worse)
2019 2018 2019 2018
Units 2,407 2,362 2 % 7,883 7,393 7 %
Revenue $ 102.5 $ 94.1 9 % $ 361.8 $ 319.4 13 %
Gross Margin 28.3 21.0 35 % 104.1 91.0 14 %
Gross Margin % 28 % 22 % — 29 % 28 % —
Operating Expenses $ 8.2 $ 9.2 11 % $ 35.6 $ 35.5 — %
Segment Operating Income 20.1 11.7 72 % 68.4 55.4 23 %
Westport Fuel Systems 50% Interest 6.7 5.7 18 % 26.6 22.7 17 %
Revenue for Q4 2019 increased by $8.4 million to $102.5 million, or 9% over the same period last year, due to higher engine sales during the quarter.
Gross margin for Q4 2019 increased by $7.3 million to $28.3 million, or 28% of revenue from $21.0 million or 22% of revenue in the prior year quarter. The increase in gross margin and gross margin percentage resulted primarily from higher sales and lower warranty expenses during the current quarter.
Operating income for Q4 2019 increased by $8.4 million to $20.1 million, or 72% over the same period last year, primarily due to higher gross margin.
Westport Fuel Systems share of CWI's net income for Q4 2019 increased to $6.7 million from $5.7 million in Q4 2018, due to higher operating income, partially offset by a favourable tax adjustment in Q4 2018.
GAAP and NON-GAAP FINANCIAL MEASURES
Management reviews the operational progress of its business units and investment programs over successive periods through the analysis of net income, EBITDA and Adjusted EBITDA. Westport Fuel Systems defines EBITDA as net income or loss from continuing operations before income taxes adjusted for interest expense (net), depreciation and amortization. Westport Fuel Systems defines Adjusted EBITDA as EBITDA from continuing operations excluding expenses for stock-based compensation, unrealized foreign exchange gains or losses, and non-cash and other adjustments. Management uses Adjusted EBITDA as a long-term indicator of operational performance since it ties closely to the business units’ ability to generate sustained cash flow. Adjusted EBITDA includes the Westport Fuel Systems's share of income from joint ventures.
The term Adjusted EBITDA is not defined under U.S. generally accepted accounting principles ("U.S. GAAP") and is not a measure of operating income, operating performance or liquidity presented in accordance with U.S. GAAP. Adjusted EBITDA has limitations as an analytical tool, and when assessing the Westport Fuel Systems operating performance, investors should not consider Adjusted EBITDA in isolation, or as a substitute for net loss or other consolidated statement of operations data prepared in accordance with U.S. GAAP. Among other things, Adjusted EBITDA does not reflect Westport Fuel Systems actual cash expenditures. Other companies may calculate similar measures differently than Westport Fuel Systems, limiting their usefulness as comparative tools. Westport Fuel Systems compensates for these limitations by relying primarily on its U.S. GAAP results and using Adjusted EBITDA as supplemental information.
GAAP & NON-GAAP FINANCIAL MEASURES FROM CONTINUING OPERATIONS
($ in millions) 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19
Three months ended
Net income (loss) from continuing operations $ (10.4 ) $ (3.0 ) $ (2.3 ) $ 4.9 $ 0.6
Income tax (recovery) expense (1.5 ) 1.1 0.9 0.8 (0.9 )
Interest Expense, net 2.6 1.8 1.4 1.8 1.5
Depreciation and amortization 4.0 4.3 4.0 4.2 3.8
EBITDA (5.3 ) 4.2 4.0 11.7 5.0
Stock based compensation 0.7 0.4 0.3 0.3 0.5
Unrealized foreign exchange (gain) loss 1.6 0.1 (0.7 ) 0.7 (2.6 )
Asset impairment 0.6 — — — 0.7
Restructuring, termination and other exit costs — 0.8 — — —
Legal costs associated with SEC investigation 3.1 1.8 4.5 — —
Other (0.5 ) — — (3.3 ) —
Adjusted EBITDA $ 0.2 $ 7.3 $ 8.1 $ 9.4 $ 3.6
FINANCIAL STATEMENTS & MANAGEMENT'S DISCUSSION AND ANALYSIS
To view Westport Fuel Systems full financials for the fourth quarter and year ended December 31, 2019, please visit www.wfsinc.com/investors/financials.
CONFERENCE CALL PRESENTATION
Westport Fuel Systems is providing a conference call presentation as a guide to its financial information in a quick reference format and it should be read in conjunction with Westport Fuel Systems full financials for the year ended December 31, 2019.
LIVE CONFERENCE CALL & WEBCAST
Westport Fuel Systems has scheduled a conference call for today, at 2:00 pm Pacific Time (5:00 pm Eastern Time) to discuss these results. To access the conference call by telephone, please dial: 1-800-319-4610 (Canada & USA toll-free) or 604-638-5340. The live webcast of the conference call can be accessed through the Westport Fuel Systems website at www.wfsinc.com/investors/financials.
REPLAY CONFERENCE CALL & WEBCAST
To access the conference call replay, please dial 1-800-319-6413 (Canada & USA toll-free) or 1-604-638-9010 using the pass code 4123. The replay will be available until March 24, 2020. Shortly after the conference call, the webcast will be archived on the Westport Fuel Systems website and replay will be available in streaming audio and a downloadable MP3 file.
2020 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
The Westport Fuel Systems 2020 Annual General and Special Meeting of Shareholders will be held on Wednesday, April 29, 2020 at 10:00 am Pacific Time at Suite 101 - 1750 West 75th Avenue, Vancouver, BC, Canada V6P 6G2.
About Westport Fuel Systems
Westport Fuel Systems is driving innovation to power a cleaner tomorrow. Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Its technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, Westport Fuel Systems serves customers in more than 70 countries with leading global transportation brands. For more information, visit www.wfsinc.com.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements, including statements regarding revenue and cash usage expectations, future strategic initiatives and future growth, future of our development programs (including those relating to HPDI), the impact of COVID-19 and the recent drop in oil prices on our business, the demand for our products, the future success of our business and technology strategies, intentions of partners and potential customers, the performance and competitiveness of Westport Fuel Systems' products and expansion of product coverage, future market opportunities, speed of adoption of natural gas for transportation and terms and timing of future agreements as well as Westport Fuel Systems management's response to any of the aforementioned factors. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks, uncertainties and assumptions include those related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, solvency, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, operating expenses, continued reduction in expenses, ability to successfully commercialize new products, the performance of our joint ventures, the availability and price of natural gas, global government stimulus packages and new environmental regulations, the acceptance of and shift to natural gas vehicles, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the development of competing technologies, our ability to adequately develop and deploy our technology, the actions and determinations of our joint venture and development partners, the effects and duration of COVID-19 as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward looking statements except as required by National Instrument 51-102. The contents of any website, RSS feed or twitter account referenced in this press release are not incorporated by reference herein.
Contact Information
Shawn Severson
Investor Relations
Westport Fuel Systems
T: +1 604-718-2046
invest@wfsinc.com
CLNE is flying high Jack..
We all know price will surge as the company execute their buying plan..
I've added a few more at $1.31
I just added a few more Boom a nicely discount from where LINK was..
Clean Energy to Repurchase Up to $30 Million of Stock
Business Wire Business Wire•March 13, 2020
Clean Energy Fuels Corp. (CLNE) today announced that its Board of Directors has approved a share repurchase program for up to $30 million of the Company’s common stock with a prearranged stock repurchase plan under Rule 10b5-1 of the Securities Exchange Act of 1934 ("10b5-1 Plan").
The Company has delivered continuous and sustainable improvements to its operating and fiscal management, resulting in a dramatically enhanced balance sheet.
"Our decision to launch a stock repurchase program reflects the confidence that we have in the company’s current financial stability and our potential for future growth," said Andrew J. Littlefair, Clean Energy president and CEO. "We have a great team that is working hard every day to further expand the use of our Redeem™ renewable fuel to fleets across the country. Redeem grew by 30% in 2019, and as we indicated in our latest earnings report this week, we anticipate that the acceptance of the ultra-clean fuel by additional customers to continue."
Repurchases under the repurchase program may be effected from time to time through open market purchases, privately negotiated transactions, structured or derivative transactions, including accelerated share repurchase transactions, or other methods of acquiring shares, in each case subject to market conditions, applicable securities laws and other relevant factors. Repurchases may also be made under Rule 10b5-1 plans. The repurchase program does not have an expiration date, and it may be suspended or discontinued at any time.
Goldman Sachs & Co. will have the authority to repurchase the Company’s shares in the open market.
About Clean Energy
Clean Energy Fuels Corp. is North America’s leading provider of the cleanest fuel for the transportation market. Through its sales of Redeem™ renewable natural gas (RNG), which is derived from biogenic methane produced by the breakdown of organic waste, Clean Energy helps thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas by at least 70% and up to 300% depending on the RNG feedstock. Clean Energy can deliver Redeem through compressed natural gas (CNG) and liquefied natural gas (LNG) to its network of approximately 550 fueling stations across the U.S. and Canada. Clean Energy builds and operates CNG and LNG fueling stations for the transportation market, owns natural gas liquefaction facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.CleanEnergyFuels.com.
Been using Brave for almost 2years and so far I accumulated 344 free BATs just by watching their ads..