Shorts pulled it down to 12.43 with just a tiny, tiny volume. Somebody wants to keep the stock price down and it's easy when buyers are still skeptical. Crazy! Most other companies signing such a huge deal would have their stock price skyrocket. Not this company. It's been forgotten for now.
What is even more silly is that the contract was for China, where natgas truck sales are booming. Check WPRT earnings cc for q2. So, this will not be the first big contract for China. This is just the beginning.
Like I said before, if the contract is for the full three years, then revs get increased by about one-seventh, just back of napkin calculation. One-seventh per year! Compared to ttm revenues.
Whatever the case, the real deal is the growing China market; do they want a limited network of stations? No. that means that all those people buying those natgas trucks will have a limited range. The nation is huge. They'll need as large a network as the U.S.
Atmytoy, CLNE can come out with all the great news but it still comes down to numbers. As long as the numbers are heading in the right direction, which they are, were going to be all right. Early next year is when we should really start seeing some advancement.
when china goes shopping the numbers get crazy
there is a story i vaguely remember about china trying to order black and white tvs way back when and they called some small company and tried to order 100 million units
Its a Canadian company getting a loan for a Chinese company buying Canadian products
Its that simple
their normal money they borrow at might be 7 or 8%
So the loan means they will buy a Canadian product,Was on average in the 6% last year and rates are up in China
Canada of coarse would like an increase in ng use in China as they are looking to export since the US can not get its act together
This is not a vague story
Chris.. get used to this manipulation with this stock. There is too much skepticism, playing the waiting game, the political game,and it's rigged. It is however a good trading stock in the mean time if you can read the game they are playing. You will catch another spike.GL