Clean Energy Fuels Corp Stock Price, News & Analysis

Clean Energy Fuels Corp. (NASDAQ: CLNE) announced its renewed branding at its annual shareholders meeting, introducing a new logo that reflects its commitment to renewable natural gas (RNG) solutions. Currently, RNG constitutes 70% of the fuel sold across its stations, with plans to expand it to 100% by 2025. The company aims to support sustainability goals by reducing fleets' carbon footprints significantly. Collaborations with partners TotalEnergies and bp will enhance RNG production from agricultural facilities. A new website highlighting these initiatives was also launched.

Chevron has committed an additional $20 million to the Adopt-a-Port initiative, raising its total investment to $28 million. This program, in partnership with Clean Energy Fuels, aims to provide truck operators at the ports of Los Angeles and Long Beach with cleaner, carbon-negative renewable natural gas (RNG). By converting to RNG-powered trucks, operators can significantly reduce greenhouse gas emissions and contribute to local air quality improvements.

Clean Energy Fuels Corp. (CLNE) reported its Q1 2021 operating results, revealing a 10.3% revenue decline to $77.1 million, driven by the lingering effects of COVID-19. Gallons delivered fell by 7%, totaling 92.4 million, though RNG deliveries rose 3%. A net loss of $7.2 million was recorded, compared to a profit of $1.7 million in Q1 2020. Despite challenges, the company announced a significant RNG supply agreement with Amazon and joint ventures with Total and bp to enhance RNG supply. 2021 GAAP net loss is estimated at $76 million, while Adjusted EBITDA is projected to reach $60-62 million.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced new renewable natural gas (RNG) contracts as demand for clean fuel grows among fleets in North America. The company continues to expand its RNG supply, which can reduce greenhouse gas emissions significantly. Key contracts include partnerships with Pac Anchor for 2.5 million gallons, Cal Portland for 1 million gallons, and multiple transit agencies. Clean Energy aims to improve air quality and public health by offering RNG as a viable alternative to diesel fuel.

Clean Energy Fuels Corp. (Nasdaq: CLNE) has entered into an agreement with Amazon to supply low and negative carbon renewable natural gas (RNG) at 27 existing and 19 new or upgraded Clean Energy fueling stations across 15 states. The company, a leader in providing clean transportation fuel, aims to aid efforts against climate change while boosting its infrastructure. CEO Andrew J. Littlefair emphasized the importance of economically viable solutions to environmental issues. Additionally, a warrant has been issued to Amazon as part of this collaboration.

Clean Energy Fuels Corp. (Nasdaq:CLNE) will release its Q1 2021 financial results on May 6, 2021, after market close. A live investor conference call will follow at 4:30 p.m. ET, hosted by President and CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can participate via dial-in or through a live webcast on the company's website, with a replay available for 30 days. Clean Energy Fuels is a leader in providing renewable natural gas (RNG), reducing greenhouse gas emissions significantly across various transportation sectors.

Clean Energy Fuels Corp. (Nasdaq: CLNE) announced plans to collaborate with BP Products North America to develop renewable natural gas (RNG) facilities at dairies. This initiative aims to produce a carbon-negative fuel that significantly reduces emissions, with a CI Score of -250 compared to diesel's 97. Clean Energy is the top RNG supplier in the U.S. and Canada, operating 550 fueling stations. The company is committed to meeting the growing demand for RNG and aims to provide 100% Redeem™ RNG by 2025, reinforcing its leadership in the California market.

Clean Energy Fuels Corp. (NASDAQ: CLNE) reported its Q4 2020 results, revealing a 37.3% revenue drop to $75 million, primarily due to reduced sales and lower U.S. federal excise tax credits compared to 2019. Total gallons delivered declined 7% year-over-year, affected by COVID-19, though RNG gallons increased by 7%. The company anticipates 2021 net income to be approximately breakeven with an Adjusted EBITDA forecast of $60-62 million, reflecting ongoing impacts from the pandemic. Clean Energy asserts its commitment to renewable natural gas (RNG) amid new joint ventures with Total and BP.

Clean Energy Fuels Corp. (Nasdaq: CLNE) announced a 50/50 joint venture with Total SE to develop carbon-negative renewable natural gas (RNG) production facilities in the U.S. The venture's initial investment commitment is $100 million, potentially growing to $400 million. Total will also provide $45 million for RNG fueling infrastructure. Clean Energy is the largest RNG provider in the U.S., with ongoing demand growth highlighted by LA Metro's complete fleet conversion to RNG. This partnership aims to enhance RNG supply and tackle climate change.