DALLAS, July 13, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Clean Energy Fuels Corp. (Nasdaq:CLNE). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/CLNE
Clean Energy Fuels Corp. (CLNE) provides 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:
"Shares of CLNE leaped 14.94% to close Tuesday's session at $15.08, boosted by news that U.S. natural gas driller Chesapeake Energy Corp. would invest $150 million in CLNE to fund the development of about 150 liquefied natural gas truck fueling stations."
"CLNE reported revenue of $65.3 million for the first quarter ended March 31, 2011, up 67% from $39.0 million reported for the first quarter of 2010."
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