Clean Energy Fuels Corp Stock Price, News & Analysis

Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced new fuel and infrastructure contracts to address the rising demand for renewable natural gas (RNG). Key highlights include a fueling agreement with Pacific Green Trucking for 1 million gallons of RNG to power 61 trucks, partnerships with Chevron and Republic Services for expansion projects, and contracts with various other logistics and transit companies. This initiative aims to significantly reduce greenhouse gas emissions and improve air quality in California’s port areas.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has appointed Karine Boissy-Rousseau, Senior Vice President at TotalEnergies, to its Board of Directors, replacing Philippe Charleux effective immediately. Boissy-Rousseau brings extensive experience in renewable fuels, having previously led Air Liquide Hydrogen Mobility & Energy in North America. Her appointment is expected to enhance Clean Energy’s objectives in renewable natural gas (RNG) production and sales, aligning with the company's mission to decarbonize transportation. This strategic move aims to address climate issues through sustainable vehicle fuel.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has commenced construction on a renewable natural gas (RNG) digester at Del Rio Dairy in Friona, Texas. This project, a joint venture with TotalEnergies, aims to produce over 1.1 million gallons of RNG annually by utilizing waste from over 7,500 cows. The RNG produced will be integrated into Clean Energy's nationwide RNG fueling network, contributing to lower greenhouse gas emissions. The completion of this digester aligns with the company’s goal of achieving a carbon intensity of zero by 2025.

Clean Energy Fuels Corp. (NASDAQ: CLNE) and bp have announced a joint venture to develop renewable natural gas (RNG) projects at dairy farms in the Midwest. These facilities, located in South Dakota and Iowa, will convert methane from over 30,000 cows into more than seven million gallons of RNG annually. This initiative aims to meet the growing demand for RNG, highlighted by recent agreements to fuel Amazon's heavy-duty trucks. The first RNG facility is expected to be operational in 2022, enhancing Clean Energy's vast network of RNG fueling stations across the U.S.

Clean Energy Fuels Corp. (CLNE) reported a 6.7% increase in quarterly gallons delivered, totaling 104.2 million in Q3 2021, driven by recovery from COVID-19. Revenue rose 21.5% to $86.1 million, despite a net loss of $3.9 million attributed to Amazon warrant charges. Excluding these charges, revenue grew by 23.9%. The company is expanding in the marine sector and dairy RNG production, which is expected to enhance its carbon profile. For nine months, revenue declined 24.5% to $163.7 million, heavily impacted by Amazon charges.

Clean Energy Fuels Corp. (CLNE) will release its Q3 2021 financial results on November 4, 2021, after market close, followed by a conference call at 4:30 p.m. ET. The call will be led by CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can join the call at 1-877-300-8521 in the U.S. or 1-412-317-6026 internationally. A webcast will also be available on the company's website and can be replayed for 30 days.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has secured a contract to design, construct, and maintain a hydrogen station for Foothill Transit in Southern California, valued at over $13 million. This project, funded with assistance from the Federal Transportation Agency, marks Clean Energy's first venture into hydrogen fuel infrastructure. Foothill Transit, a long-time partner, operates over 300 buses on renewable natural gas and is now transitioning to hydrogen with an initial order of 20 fuel cell buses. This initiative reinforces Clean Energy's commitment to alternative fuels for cleaner transportation.

Clean Energy Fuels Corp. (NASDAQ: CLNE) announced an agreement to supply World Fuel Services with approximately 78 million gallons of liquefied natural gas (LNG) for two Pasha Hawaii container ships, which will be among the first natural gas-powered ships to operate on the U.S. West Coast. The vessels, M/V George III and M/V Janet Marie, will significantly reduce emissions, surpassing IMO 2030 standards. The LNG will be sourced from Clean Energy's Boron, CA plant, which is expanding production capacity by 50%. This partnership highlights Clean Energy's commitment to sustainability in marine transportation.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has secured multiple agreements to supply renewable natural gas (RNG) as demand for low-carbon fuels grows. These deals target over 74% of 26 million gallons of fuel expected to be delivered, aligning with their goal of 100% zero-carbon renewable fuel by 2025. Key contracts include 1.5 million gallons for the City of Pasadena and a five-year extension with Big Blue Bus for 10 million gallons. Clean Energy also supports various municipalities and companies, contributing to significant emissions reductions in transportation.