Clean Energy Fuels Corp. (CLNE): Good for the Environment, Good for Your Portfolio?
QualityStocks (November 6th, 2008) Writes:
Clean Energy Fuels is a supplier of natural gas as an alternative fuel across North America and designs, builds, finances, and operates fueling stations and supplies compressed natural gas and liquefied natural gas. The company serves approximately 275 fleet customers operating 14,000 natural gas vehicles in public transit, refuse hauling, airports, taxis, seaports, and regional trucking markets. As of December 31, 2007, Clean Energy Fuels Corp. owned and operated 170 natural gas fueling stations in Arizona, California, Colorado, Maryland, Massachusetts, Nevada, New Mexico, New York, Texas, Washington, Georgia, Wyoming, and Canada.
Clean Energy Fuel was founded by billionaire T. Boone Pickens, who has made much of his fortune investing in energy markets. Investors should note the company’s shares suffered on Wednesday after California voters struck down a proposition that offered tax rebates to buyers of more fuel-efficient cars. California-based Clean Energy has maintained that the ballot initiative’s failure will not
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