Last $4.70 USD
Change Today +0.315 / 7.19%
Volume 2.4M
CLNE On Other Exchanges
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As of 3:04 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

clean energy fuels corp (CLNE) Snapshot

Open
$4.50
Previous Close
$4.38
Day High
$4.87
Day Low
$4.50
52 Week High
12/24/13 - $13.69
52 Week Low
12/15/14 - $4.25
Market Cap
421.9M
Average Volume 10 Days
2.3M
EPS TTM
$-1.25
Shares Outstanding
90.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CLEAN ENERGY FUELS CORP (CLNE)

clean energy fuels corp (CLNE) Related Businessweek News

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clean energy fuels corp (CLNE) Details

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets. It designs, builds, operates, and maintains fueling stations. The company also supplies compressed natural gas (CNG) fuel for light, medium, and heavy-duty vehicles; and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. In addition, it sells non-lubricated natural gas compressors and other equipment used in CNG stations and LNG stations; and produces renewable natural gas, which is used as vehicle fuel or for renewable power generation, as well as provides operation and maintenance services. Further, the company helps its customers acquire and finance natural gas vehicles, as well as obtain local, state, and federal grants. It serves various markets, such as trucking, airports, taxis, refuse, public transit, and government fleets. As of December 31, 2013, the company served approximately 779 fleet customers operating approximately 35,240 natural gas vehicles, as well as owned, operated, or supplied 471 natural gas fueling stations in 39 states in the United States; British Columbia and Ontario within Canada; and Peru. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.

1,084 Employees
Last Reported Date: 02/27/14
Founded in 2001

clean energy fuels corp (CLNE) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $906.0K
Chief Operating Officer and Corporate Secreta...
Total Annual Compensation: $567.3K
Senior Vice President of Strategic Developmen...
Total Annual Compensation: $530.5K
Chief Marketing officer
Total Annual Compensation: $509.3K
Compensation as of Fiscal Year 2013.

clean energy fuels corp (CLNE) Key Developments

Clean Energy Names Robert Vreeland as Chief Financial Officer

Clean Energy Fuels Corp. announced that Robert Vreeland has been appointed Chief Financial Officer effective immediately. Mr. Vreeland served as Vice President of Finance and Accounting at Clean Energy from 2012 to 2014. Before joining Clean Energy, he was a consultant at RV CPA Services, PLLC, a provider of certified public accounting services. From January 1997 to May 2009, Mr. Vreeland held various finance and accounting positions at Hypercom, including Interim CFO; Senior Vice President and Corporate Controller; Senior Vice President, Operations; and Vice President of Financial Planning and Analysis. Mr. Vreeland is replacing Richard Wheeler who served as Clean Energy's CFO from 2002 to 2014. Mr. Wheeler resigned his position with Clean Energy effective November 3, 2014 and plans to pursue other interests.

Clean Energy Fuels Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capex Guidance for 2014 and 2015

Clean Energy Fuels Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $103.4 million, up from $86.3 million for the third quarter of 2013. Excluding the VETC, revenue recorded in the third quarter of 2013, revenue increased 29% between periods. Adjusted LBITDA was $2.0 million compared with adjusted EBITDA of $4.2 million in the third quarter of 2013. Non-GAAP loss per share was $0.27, compared with non-GAAP loss per share for the third quarter of 2013 of $0.16. On a GAAP basis, net loss attributed to the company was $30.1 million, or $0.32 per diluted share, and included a non-cash gain of $3.3 million related to the accounting treatment that requires Clean Energy to value its Series I warrants and mark them to market, a non-cash charge of $2.8 million related to stock-based compensation, a $4.7 million charge related to a mining power project in Australia where the company's IMW subsidiary incurred significant cost overruns (IMW Australia Project), and $0.1 million in additional lease exit charges related to the move of the company's headquarters (HQ Lease Exit). This compares with a net loss for the third quarter of 2013 of $18.8 million, or $0.20 per diluted share, that included a non-cash gain of $1.4 million gain related to the accounting treatment that requires Clean Energy to value its Series I warrants and mark them to market, a non-cash charge of $5.7 million related to stock-based compensation, and foreign currency gains of $0.2 million on the company's purchase notes issued in September 2010 in connection with the acquisition of the business of IMW. Adjusted net loss was $25.82 million compared to $14.67 million reported a year ago. The company reported operating loss of $17.86 million and loss before income taxes of $29.42 million compared to operating loss of $11.55 million and loss before income taxes of $18.24 million reported a year ago. For the nine months, revenue totaled $296.8 million, up from $267.5 million a year ago. When comparing periods, note that the company recognized revenue attributable to the volumetric excise tax credit (VETC) of $6.0 million and $38.1 million in the third quarter and first nine months of 2013, but did not recognize any revenue attributable to VETC in the third quarter and first nine months of 2014, as the legislation under which the company received such revenue expired on December 31, 2013. Adjusted LBITDA was $13.5 million compared with adjusted EBITDA of $35.4 million for the same period in 2013. Non-GAAP loss per share was $0.86, compared with non-GAAP loss per share of $0.19 for the first nine months in 2013. Net loss attributable to the company was $91.0 million, or $0.96 per diluted share, which included a non-cash gain of $5.4 million related to the valuation of the Series I warrants, non-cash stock-based compensation charges of $9.2 million, foreign currency losses of $0.3 million on the IMW Purchase Notes, a $0.1 million charge from the fair value adjustment of the remaining shares the company received from Westport Innovations Inc. from the sale of its former subsidiary BAF Technologies Inc. (WPRT Holdback Shares Write-Down), a $4.7 million charge related to the IMW Australia Project, and a $0.9 million charge related to the HQ Lease Exit. This compares with a net loss in the nine months ended September 30, 2013 of $34.7 million, or $0.37 per diluted share, which included a non-cash gain of $0.9 million related to the valuation of the Series I warrants, non-cash stock-based compensation charges of $17.3 million, and foreign currency losses of $0.3 million on the IMW Purchase Notes. Adjusted net loss was $81.21 million compared to $17.87 million reported a year ago. The company reported operating loss of $58.18 million and loss before income taxes of $89.55 million compared to operating loss of $32.58 million and loss before income taxes of $31.98 million reported a year ago. The company is on pace to spend approximately $85.0 million in CapEx in 2014. For 2015, the company believes its CapEx will likely decrease and will be discretionary depending on specific customer needs.

Clean Energy Fuels Corp. to Open Carlisle, Penn., Public Heavy-Duty Truck Station

Clean Energy Fuels Corp. announced it will open its Carlisle, Penn., heavy-duty natural gas truck station to fuel LNG trucks for GIANT/MARTIN'S. Additionally, 43 new fleet customers began fueling at Clean Energy's nationwide network of natural gas stations in the third-quarter of 2014. Select deals representative of Clean Energy's growing portfolio of natural gas fueling customers were also announced. To support this pilot program, Clean Energy will open its Carlisle, Penn., public truck-friendly natural gas station. The station is located at the Carlisle Flying J, 1501 Harrisburg Pike, Carlisle, PA.

 

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