Clean Energy Fuels Corp. (Nasdaq:CLNE)
Seal Beach, Calif.
http://www.cleanenergyfuels.com/

52-week low / high: $10.81 / $20.65
Shares Outstanding: 44.27 million
Market Capitalization: $525 million

It wasn’t long ago when sitting behind a bus in traffic meant bearing the brunt of tar-black exhaust clouds blown your way. These days, though, the air has never smelled cleaner in traffic jams across the country, thanks to Clean Energy Fuels Corp. (Nasdaq:CLNE).

The Seal Beach, Calif.-based company provides natural gas as an alternative to gasoline or diesel for more than 200 fleet customers in the United States and Canada, operating over 14,000 natural gas vehicles, including public transportation, refuse hauling, airports, taxis and regional trucking.

Clean Energy designs, builds, finances and operates fueling stations to supply its customers with compressed natural gas (CNG) and liquefied natural gas (LNG). It also helps customers acquire and finance natural gas vehicles and attain local, state and federal clean air incentives. The company owns, operates or supplies 172 natural gas fueling stations in 11 states including California, Massachusetts and Texas.

In 2006, Clean Energy began offering loans to its customers of up to 100% of the up-front capital needed to purchase natural gas vehicles or convert existing vehicles to use natural gas.

On March 17, the company served up a clean bill of health: for the fourth quarter ended Dec. 31, 2007, revenue rose to $29.7 million, up from $26.7 million. For the year ended Dec. 31, 2007, revenue grew to $117.7 million, compared with $91.5 million in 2006. Clean Energy’s combined volume of CNG and LNG delivered in the fourth quarter of 2007 increased to 18.2 million gallons, compared with 17.7 million gallons in the same period a year ago. For the year ended Dec. 31, 2007, the combined volume of CNG and LNG delivered rose to 75.3 million gallons, up from 68.4 million gallons in 2006.

"We are pleased to report another successful year for Clean Energy, as our revenue for 2007 increased 29% year over year,” Clean Energy president and CEO Andrew J. Littlefair said in a statement. "With rising fuel prices and growing awareness of air quality issues, we are benefiting from an increasing number of fleet vehicle operators seeking an alternative to diesel.

Worries about global warming and a cleaner environment are only becoming more magnified, benefiting Clean Energy going forward and giving traders the green light to invest in something cleaner than oil.

Note: Clean Energy Fuels Corp. (Nasdaq:CLNE) is on the “Watch List” of Rising Star Stocks, a subscription investment newsletter from Business Financial Publishing, which also publishes SmallCapInvestor.com. As a Watch List company, Clean Energy displays many characteristics found in successful stock winners, and is being closely monitored for possible inclusion in the Rising Star Stocks portfolio at a later date.

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