If you wait a year you may well be to late. The only reason I can see for the stock being down today is the announcement that they will issue 200m in convertible bonds. This does cause some additional dilution for shareholders but the capital will be used to continue the infrastructure build.
Things have not progressed as fast as anyone wanted. Westport/Cummins delayed rollout of the new engine which has caused existing stations to be shut in. That is going to change very soon. As the stations open revenue will rev up. I really think the next two quarters are going to be the turning point for CLNE.
Their huge business in CNG fueling has not been able to offset the capital drain of the NGH built out but when the LNG stations start up profits will show up. They have built it and the trucks will come. Just look at what UPS has said, "no new diesel trucks in 2014 All new trucks will be NG.". Another a frustrated investor but remaining long.
I'm sure the new buyers won't get a better deal than the existing note holders, that being 7.5% interest with conversion at $ 15.80. No dilution till then, unless it's below $15.80 in 2018, which I seriously doubt.
I'll take the $3 rise before dilution hits.
Besides, CLNE could have never done an equity raise without really cratering the stock.
Clne will have over 700 locations by 2015, dwarfing them all; Trillium, Shell/TA, Blu.
Remember, 28 Billion gallons of diesel sold annually just to OTR trucks. We sold what 1% of the total in nat gas. LOTS of room for growth................