Westport and Clean Energy Fuels Look to Benefit as 22 States Looking to Add Natural Gas Vehicles to Government Fleets
August 17 2012 - 8:20AM
Marketwired
The nation's abundance of natural gas has made it a cheaper and
cleaner alternative to diesel and gasoline. Oklahoma Governor Mary
Fallin last week met with representatives from U.S. auto
manufacturers and purchasing officials to solicit bids, as there
are currently 22 states looking to purchase natural gas-powered
vehicles for their government fleets. The Paragon Report examines
investing opportunities in the Alternative Fuels Industry and
provides equity research on Westport Innovations Inc. (NASDAQ:
WPRT) (TSX: WPT) and Clean Energy Fuels Corp. (NASDAQ: CLNE).
Access to the full company reports can be found at:
www.ParagonReport.com/WPRT www.ParagonReport.com/CLNE
"We're serious. We're ready to buy natural gas vehicles now,"
Gov. Fallin said. "We all know that natural gas is a cleaner form
of energy. It's an abundant form of energy. It's a less expensive
and cheaper form of energy, one that will not only create
American-made jobs, it will be good for our national security and
economic security."
There are currently 123,000 compressed natural gas (CNG)
vehicles, and 1,000 fueling stations in the U.S. One of the major
obstacles preventing more widespread adoption of CNG vehicles has
been the access to the necessary infrastructure.
Paragon Report releases regular market updates on the
Alternative Fuels Industry so investors can stay ahead of the crowd
and make the best investment decisions to maximize their returns.
Take a few minutes to register with us free at
www.ParagonReport.com and get exclusive access to our numerous
stock reports and industry newsletters.
Westport Innovations Inc. is a leading global supplier of
proprietary solutions that allow engines to operate on
clean-burning fuels such as compressed natural gas (CNG), liquefied
natural gas (LNG), hydrogen, and renewable natural gas (RNG) fuels
such as landfill gas and help reduce greenhouse gas emissions
(GHG). For the calendar year ended December 31, 2012, the company
expects revenue growth of roughly 50 percent year-over-year and
consolidated revenues to be in the range of $400 and $425
million.
Clean Energy is the largest provider of natural gas fuel for
transportation in North America and a global leader in the
expanding natural gas vehicle fueling market. The company has
operations in compressed natural gas (CNG) and liquefied natural
gas (LNG) vehicle fueling and construction and operation of natural
gas fueling stations. Gallons delivered for the second quarter of
2012 totaled 48.6 million gallons, up 24% from 39.2 million gallons
delivered in the same period a year ago.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at: http://www.paragonreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jul 2023 to Jul 2024