Jack_Bolander
6 months ago
Face the Truth. CLNE is a niche play and NOTHING MORE !
This Scam began when T. Boone Pickens went long cheap natural gas and his failed attempt to create a higher value market as an automotive fuel.
CLNE has squandered Billions over-building a network of CNG stations for what is nothing more than a small niche. Honda, Volvo, Ford and GM have all stopped NGV production, so the market is municipal vehicles and a small segment of long-haul trucks.
And throughout its history, management has lived well on shareholder's dimes.
This future of CLNE is small. The growth of CLNE is small. To date, only the insiders have profited
pack10
9 months ago
This could be the year, not if NatGas stays under $2. A bit from the transcript
The second pillar and one that sets us apart from virtually any other company is that Clean Energy has the leading network of RNG distribution stations in North America, which enable our customers to achieve their low-carbon goals by supplying RNG to their fleets. Many of our stations are strategically located on important trucking corridors with public fueling access for existing and future customers. And that number is growing with the opening of stations where Amazon operates as our anchor customer. Some of our stations are customer-owned, where we provide services and suppliers.
The third pillar of our business is how we work with our customers in many ways beyond just the sale of fuel. This includes education on the benefits of RNG and achieving emission goals, product procurement, operational support, station construction and servicing facility modification and navigating the complex world of sustainability reporting public policy and grant applications. Clean energy is also the largest distributor of third party RNG production to the transportation industry by our customers with RNG from over 100 different production sources. We are the largest off-taker and the business cannot be more pleased to extend our network and our service offerings to a vast group of fleets that will soon be able to adopt RNG vehicles.
Thanks to Cummins new X15 and engine, which is a catalyst for our growth feedback from the fleets operating the test units of this engine has been very positive. Back are as recently opened the order book for trucks equipped with the x15N. and commercial deliveries are expected in the early part of the second half of the year for OEMs have said they will follow suit and by offering the new engine in their models, the largest segment of the trucking market will soon have access to and RMG solution. And this could not come at a better time for our industry and costs. Rng as a transportation fuel is becoming more mainstream. During the last quarter, our customer base volumes grew with fleets that operate in the ports of L.A. and Long Beach like Lincoln transportation services, ecology, auto parts and cross border Express with transit agencies such as nice bus and Long Island and multiple refuse operator and hot off the press. We recently signed an agreement with SeaMex, one of the largest concrete companies in the world to fuel 40 of their cement trucks. The RNG industry recently not that significant victory with the Mexico passing legislation to status establish a low carbon fuel program. We believe this demonstrates the acceptance of these programs as a good way to address emissions issues that continue to expand. There are positive signs that other important states in the Midwest and Northeast could soon follow.
Three years ago, we established our fourth pillar with the formation of joint ventures with BP and Total Energies to invest directly in RNG production facilities at dairies in the U.S., we did this because we believe in RNG as a long-term solution and our industry needs more RNG to meet growing demand, saw an opportunity to invest our capital at attractive returns in these projects while augmenting the third party RNG supply.
I just mentioned, and we are doing just that today, Clean Energy has invested $238 million of our capital into these joint ventures and another $35 million of our own funds in the future. Our energy dairy projects, six projects have completed construction and are operating are at or are in final commissioning. New projects are in or near construction and we continue to evaluate others in our pipeline. Seeing these projects online is no small feat fires, complex engineering, construction operations and regulatory approvals. The world needs this ultra low carbon fuel and our industry needs to produce it more efficiently. We have the right platform and the right partners to take on this challenge. And we are on the path to achieving improvements in project cost and time. Bob will go into more detail. But when these projects come online, they have a ramp up period of about nine to 12 months where the project is producing gas, but not yet monetizing federal and state environmental credits. This brought five projects coming online at the beginning of this year. This ramp up period will have a negative drag on our financials in 2024 until we can monetize the RNG produced with environmental credits used to virtually store R&G until the regulatory pathways are certified to maximize revenue from environmental credits. This will create a lag in revenue recognition while operating costs are being recognized at the time we produce the renewable gas. This is an accounting and regulatory feature of our industry that we want investors understand and should not detract from our successful completion of dairy RNG projects, all producing ultra-low emissions, fuel that we supply to our customer. This is also more amplified as we are starting from zero in the upstream production of RNG. As we bring more projects online, the glaring financial startup impact should be muted by projects operating at full financial capabilities. And the first pillar of our business strategy is the fact that we have a strong balance sheet to fund our continued growth in both stations and RNG projects. In December, we announced a $400 million term loan facility with Stonepeak, $300 million was funded at close and an additional $100 million can be drawn by us for a two year commitment period. We have secured the capital needed for our next phase of growth, and we are pleased to be partnered with a well-respected infrastructure investment firm like Stonepeak, our existing station footprint is well positioned to support additional volumes from new customers. We also expect opportunities to expand our network with new stations strategically positioned for our customers like our stations, we have built to benefit Amazon over the last three to four months. We've opened two stations for heavy-duty trucks in Texas, filling California, a second one in Ohio and others around the country, bringing the total in 2023 to 18 purpose-built stations. Amazon continues also utilize over 75 other Clean Energy stations on any given day.
pack10
9 months ago
This could be the year, not if NatGas stays under $2. A bit from the transcript
The second pillar and one that sets us apart from virtually any other company is that Clean Energy has the leading network of RNG distribution stations in North America, which enable our customers to achieve their low-carbon goals by supplying RNG to their fleets. Many of our stations are strategically located on important trucking corridors with public fueling access for existing and future customers. And that number is growing with the opening of stations where Amazon operates as our anchor customer. Some of our stations are customer-owned, where we provide services and suppliers.
The third pillar of our business is how we work with our customers in many ways beyond just the sale of fuel. This includes education on the benefits of RNG and achieving emission goals, product procurement, operational support, station construction and servicing facility modification and navigating the complex world of sustainability reporting public policy and grant applications. Clean energy is also the largest distributor of third party RNG production to the transportation industry by our customers with RNG from over 100 different production sources. We are the largest off-taker and the business cannot be more pleased to extend our network and our service offerings to a vast group of fleets that will soon be able to adopt RNG vehicles.
Thanks to Cummins new X15 and engine, which is a catalyst for our growth feedback from the fleets operating the test units of this engine has been very positive. Back are as recently opened the order book for trucks equipped with the x15N. and commercial deliveries are expected in the early part of the second half of the year for OEMs have said they will follow suit and by offering the new engine in their models, the largest segment of the trucking market will soon have access to and RMG solution. And this could not come at a better time for our industry and costs. Rng as a transportation fuel is becoming more mainstream. During the last quarter, our customer base volumes grew with fleets that operate in the ports of L.A. and Long Beach like Lincoln transportation services, ecology, auto parts and cross border Express with transit agencies such as nice bus and Long Island and multiple refuse operator and hot off the press. We recently signed an agreement with SeaMex, one of the largest concrete companies in the world to fuel 40 of their cement trucks. The RNG industry recently not that significant victory with the Mexico passing legislation to status establish a low carbon fuel program. We believe this demonstrates the acceptance of these programs as a good way to address emissions issues that continue to expand. There are positive signs that other important states in the Midwest and Northeast could soon follow.
Three years ago, we established our fourth pillar with the formation of joint ventures with BP and Total Energies to invest directly in RNG production facilities at dairies in the U.S., we did this because we believe in RNG as a long-term solution and our industry needs more RNG to meet growing demand, saw an opportunity to invest our capital at attractive returns in these projects while augmenting the third party RNG supply.
I just mentioned, and we are doing just that today, Clean Energy has invested $238 million of our capital into these joint ventures and another $35 million of our own funds in the future. Our energy dairy projects, six projects have completed construction and are operating are at or are in final commissioning. New projects are in or near construction and we continue to evaluate others in our pipeline. Seeing these projects online is no small feat fires, complex engineering, construction operations and regulatory approvals. The world needs this ultra low carbon fuel and our industry needs to produce it more efficiently. We have the right platform and the right partners to take on this challenge. And we are on the path to achieving improvements in project cost and time. Bob will go into more detail. But when these projects come online, they have a ramp up period of about nine to 12 months where the project is producing gas, but not yet monetizing federal and state environmental credits. This brought five projects coming online at the beginning of this year. This ramp up period will have a negative drag on our financials in 2024 until we can monetize the RNG produced with environmental credits used to virtually store R&G until the regulatory pathways are certified to maximize revenue from environmental credits. This will create a lag in revenue recognition while operating costs are being recognized at the time we produce the renewable gas. This is an accounting and regulatory feature of our industry that we want investors understand and should not detract from our successful completion of dairy RNG projects, all producing ultra-low emissions, fuel that we supply to our customer. This is also more amplified as we are starting from zero in the upstream production of RNG. As we bring more projects online, the glaring financial startup impact should be muted by projects operating at full financial capabilities. And the first pillar of our business strategy is the fact that we have a strong balance sheet to fund our continued growth in both stations and RNG projects. In December, we announced a $400 million term loan facility with Stonepeak, $300 million was funded at close and an additional $100 million can be drawn by us for a two year commitment period. We have secured the capital needed for our next phase of growth, and we are pleased to be partnered with a well-respected infrastructure investment firm like Stonepeak, our existing station footprint is well positioned to support additional volumes from new customers. We also expect opportunities to expand our network with new stations strategically positioned for our customers like our stations, we have built to benefit Amazon over the last three to four months. We've opened two stations for heavy-duty trucks in Texas, filling California, a second one in Ohio and others around the country, bringing the total in 2023 to 18 purpose-built stations. Amazon continues also utilize over 75 other Clean Energy stations on any given day.
SteveStack
9 months ago
CLNE - dead money - business plan, from inception - LNG Class 8 LNG focused
Andrew Littlefair - manipulative brown-noser - ZERO business experience/accuity
1st hand observation - 5th wife, Madeleine, liquidating CLNE marriage payoff @ 21+
FYI - Pickens - never ever a billionaire - made money, once, early 80's - Greenmailer
Life-long, wholly dishonest, intensively abusive, gambling addict - died, broke 2019
pack10
10 months ago
If you go back in time when CLNE was first formed you'll understand how Ev's played a major force in Cleans history.
T Boone and Littlefair formed CLNE to compete in the world of transportation to become independent of middle eastern oil.
T Boone actually drove a natgas powered Honda. Their main focus was in trucking, buses, and refuse vehicles. Class 6 thru 8 trucks.
Excellent idea considering this country has well over a 100 year supply of this fuel. Enter companies like Proterra. Ev bus maker that got a 800 million
dollar loan from uncle sam and last year declared bankrupt. Many of their buses didn't work out as expected. Also a number of EV class 8 trucks
Trying to compete with diesel and Natgas. Tesla and others. All being hyped as being the next best alternative. Not working out very well. Batteries loosing half their charge in zero temps. Much more costly. Not to mention once again becoming dependent on foreign countries for the raw material. CHINA!!
Today there are many more NatGas vehicles operating than what we all are aware. WM, UPS, Walmart, and many others to name a few.
I could keep going but this should give you enough information to realize how Ev's play a role.
Bottom line. At what point does Clean become a profitable endeavor? Under $3 natgas doesn't help.
pack10
10 months ago
If you go back in time when CLNE was first formed you'll understand how Ev's played a major force in Cleans history.
T Boone and Littlefair formed CLNE to compete in the world of transportation to become independent of middle eastern oil.
T Boone actually drove a natgas powered Honda. Their main focus was in trucking, buses, and refuse vehicles. Class 6 thru 8 trucks.
Excellent idea considering this country has well over a 100 year supply of this fuel. Enter companies like Proterra. Ev bus maker that got a 800 million
dollar loan from uncle sam and last year declared bankrupt. Many of their buses didn't work out as expected. Also a number of EV class 8 trucks
Trying to compete with diesel and Natgas. Tesla and others. All being hyped as being the next best alternative. Not working out very well. Batteries loosing half their charge in zero temps. Much more costly. Not to mention once again becoming dependent on foreign countries for the raw material. CHINA!!
Today there are many more NatGas vehicles operating than what we all are aware. WM, UPS, Walmart, and many others to name a few.
I could keep going but this should give you enough information to realize how Ev's play a role.
Bottom line. At what point does Clean become a profitable endeavor? Under $3 natgas doesn't help.
spec machine
12 months ago
I also know their main commodity
has been depressed this entire summer. Nat Gas prices are dirt cheap, which makes RNG dirt cheap.
All this while gasoline and diesel have remained fairly high in price. Not one person has been able to explain the disparity.
LOL, literally HUNDREDS of analysts (and I) have stated the underlying reason for NG price trends ….
Fracking
The US has huge, easily accessible reserves that can be brought online fairly quickly
That’s a huge buffer to global NG prices and a relatively recent sea change in fossil fuel markets
You’ve been given the answer to the first half of “why CLNE is, and will remain, a losing bet in renewables”
First half of answer = low value end product (RNG) erases any upside for CLNE in the foreseeable future, it merely survives on influx of capital (dilution) and taxpayer subsidies
Second half of answer = CLNE wasn’t designed to create value for shareholders
Boom!
There ya go
You’re welcome
Thank me later if you understand and trade accordingly today and in the future
Cheers
spec
pack10
1 year ago
For those interested in CLNE I would hope you have read the latest transcript.
Clne describes how the price of RNG has effected their bottom line. Maybe more importantly they discuss the new 15 liter from cummins
I've copied this over so you can all review.
Cummins is making public their assessment of potential market penetration for the new 15-liter natural gas engine. On the low side, Cummins believes there could be an increase of penetration of the heavy duty natural gas market share by four full from 2% today to over 8% by 2027 and they're realistic. High case is 12%. Approximately 250,000 heavy duty class A trucks are sold every year in the U.S. And at one case the medium between Cummins low and high cases of 10%, that means 25,000 new heavy duty natural gas trucks can be sold in 2027. Using an average annual fuel usage of 15,000 gallons a year per truck would mean 375 million additional gallons of RNG used incrementally each year. There is no other alternative that could come close to those numbers in the heavy duty space.
Many of the fleets testing the 15-liter do not currently operate many, if any, natural gas trucks. So much of the 25,000 will be coming from new customers. I could go on about the importance of this new engine, but let me close with saying it couldn't come in a more opportune time. Desire for fleets to decarbonize is only increasing. Yet the technology that some have placed, much hope to get them there, is starting to come under increased scrutiny by the entire transportation industry. And of course, I'm talking about electric. Just in the last few weeks, headline-after-headline has announced the issues that electric is having in the passenger vehicle market. Many within the heavy-duty space are quietly expressing, and some not so quietly, their concerns about the practicality and costs of operating a fleet with much larger batteries and the need for even more powerful charging infrastructure.
spec machine
1 year ago
“Please tell us when you posted your buy signal”
LOL, what’s in it for me??
I don’t post for an ego boost, got plenty of that already
This is just a side play for a few $K here and there, basically just amusement
Most of my equities are boring large caps that pay solid dividends, stuff that has no fan boys posting silly stuff like “ PS As the trucking industry waits to go all-electric”
“Please tell us when you posted your buy signal so we all can pay more attention in the future”
If you haven’t paid attention to the past and present, then I doubt your future diligence
But, as a gesture of kindness to those willing to separate fact from fan boy …. learn some TA basics, watch the bollinger bands and volume by price (on a 3-6 month period), then layer on the emotion factor driven by PRs and earnings (or in CLNE’s case, losses)
Then learn how to set pear-shaped buy and sell trades and have some fun
There you go, good stuff and all for free!
Freebie #2 Based on the current chart and barring any significant change in fundamentals, $3.30 and lower would be the best guess on where a scalp opportunity would come up
Long term trades on a company that is still losing money is a sucker’s play
It’s a great idea, looks like a solid entity, warm and fuzzy fans all around …. If they ever start to produce a sustainable profit it could be a keeper
Until then, just a series of disappointing results
Cheers
spec
I’d teach you but I’d have to charge