Topic: How To Invest

Hello Pat: What are your thoughts on Clean Energy (CLNE-Nasdaq)?

Article Excerpt

Clean Energy Fuels Corp., $18.94, symbol CLNE on Nasdaq (Shares outstanding: 60.8 million; Market cap: $1.2 billion), is a North American seller of compressed natural gas (CNG) and liquefied natural gas (LNG). Its customers operate natural gas-powered vehicles in the refuse, transit, ports, shuttle, taxi, regional-trucking, airport and municipal-fleet markets. California-based Clean Energy first sold shares to the public for $12 each, and began trading on Nasdaq in May 2007. Billionaire financier and hedge-fund operator T. Boone Pickens owns 45.7% of Clean Energy’s shares. The company believes that natural gas is a cleaner and cheaper fuel than gasoline and diesel for cars and trucks that are driven frequently. The company provides natural gas to over 17,800 vehicles at 196 natural-gas fuelling stations across Canada and the U.S. It generates revenue through supply contracts with customers who operate fleets (mainly municipalities). Clean Energy also builds and sells or leases natural-gas fuelling stations, and finances purchases of natural-gas powered cars and trucks. As well, Clean…