Last Updated :
10 May 2009 at 13:55 IST
CLNE deals to acquire gas station, stock gains
Commodity Online Clean Energy Fuels Corp. (NASDAQ:CLNE) has announced an agreement with Exterran Holdings Inc. (NYSE: EXH) to acquire the natural gas fueling station of EXH.
Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada.
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The agreement consists of natural gas station operations and maintenance (O&M) contracts covering approximately 25 million GGEs (gasoline gallon equivalents) of natural gas fuel on an annual basis for four transit operators.
Aggregate purchase price for the acquired contracts is $5.9 million among which $3.2 million was paid upon the closing of the sale of the Los Angeles County Metropolitan Transportation Authority and Massachusetts Bay Transportation Authority contracts.
CLNE recently set-out its Q1 2009 results with 13.83 million of Gasoline gallon reserves and revenue of 30.2 million against $29.9 million in Q1 2008. Net loss amounted to $6.5 million against $5.4 million for Q1 2008.
Clean Energy gained 15.96% at NASDAQ on Friday. It was last traded at 10.10 and touched a 52-week high of 19.95 and low of 3.23.
MCX GOLD.995 04 August 2012
contract was trading at
Rs 28520 , up Rs. 133 . What's your view on it?
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