DALLAS, March 31, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Clean Energy Fuels Corp. (Nasdaq:CLNE). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Clean Energy Fuels Corp. (CLNE) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs, builds, finances and operates fueling stations and supplies its customers with compressed natural gas (CNG) and liquefied natural gas (LNG). The Company also produces renewable biomethane, which can be used as vehicle fuel, through its landfill gas joint venture. It also provides natural gas conversions, alternative fuel systems, application engineering, service and warranty support, and research and development for natural gas vehicles, through its wholly owned subsidiary, BAF Technologies Inc. In addition, the Company supports its customers to acquire and finance natural gas vehicles and obtain local, state and federal clean air rebates and incentives.
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In the report, the analyst notes:
"CLNE's 70%-owned Dallas Clean Energy McCommas Bluff LLC has recently arranged for a $40.2 million tax-exempt bond issuance led by Senior Managing Underwriter FirstSouthwest Company. "This financing provides funds for the highly successful biomethane facility owned and operated by our Dallas Clean Energy subsidiary and will enable the plant to increase production," said CLNE president and CEO Andrew J. Littlefair."
"Revenue for the fourth quarter ended December 31, 2010, rose 97% to $83.2 million, up from $42.2 million for the fourth quarter of 2009. For the year ended December 31, 2010, revenue totaled $211.8 million, which is an increase of 61% from $131.5 million a year ago."
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