From a November 12th article:
“After launching Redeem™ as a commercial fuel just two short years ago, Clean Energy is on track to deliver over 40 million gallons this year,” said Harrison Clay, president of Clean Energy Renewables. “Ryder’s leadership to provide Redeem™ at their two stations in southern California will now expand the benefits of the cleanest fuel to Ryder commercial customers’ fleets operating hundreds of additional heavy duty trucks and other vehicles.”
Today's article says that they actually sold 50 million gallons of Redeem in 2015. Beat their target by 25%.
I don't remember it.
When you look at the estimates for the loss for 2016, it is substantially less than that amount (when the refundable tax credit is factored in). This means that CLNE should be net positive but for depreciation, and that any delta in borrowings should go into cap ex only.
No. Not fraud. Just a mission to push for some lasting change irrespective of profitability. Enron left no legacy of co-gen plants or cog/lng stations. It was about showing a profit, even via smoke, mirrors and fraud.
CLNE and CPN were all about leaving a lasting mark before going BK. Mission Accomplished.
And Andrew Littlefair is apparently Peter Cartwright's evil spawn.
Nearly the same play book. $10 to BK about just as fast -- all on a mission to populate the nation with a new alternative.
Earnings should be more like + .05 for Q4. Two of four analysts have not yet revised their outlooks and projections. The VTEC will all hit in Q4 -- I believe that they confirmed that on the call. The corporation will likely lose around $.86 for 2015 and perhaps looking fort a loss of about $.55 for 2016, some amount of that non-cash depreciation.
Two of the four analyst who cover CLNE still have not adjusted their estimates based on the tax law change passed in December. When they do, folks will see what a boost that was to earnings (OK -- the loss) not only in 2015 but 2016 as well. This is a fairly easy lift from here. Way too oversold.
The compensation committee will most likely take the moment to set new strike prices for key management tomorrow, but no doubt before there is anything but carnage in the strike price.
Happens every year or two.