Clean Energy trades on the Nasdaq National Market System under the symbol "CLNE".
Does Clean Energy have any preferred stock?
No, the Company has not issued preferred stock.
Does Clean Energy pay a dividend?
No, the Company does not currently pay a dividend.
Does Clean Energy have a direct stock purchase plan?
Clean Energy does not offer a direct stock purchase plan at this time.
How many shares does the Company have outstanding?
As of March 8, 2010, there were 60,005,872 shared outstanding.
When does Clean Energy's fiscal year end?
December 31.
When is Clean Energy's annual shareholder meeting?
The Annual Meeting will be held on Wednesday, May 26, 2010, at 9:00 a.m. (Pacific Time) at The Island Hotel at 690 Newport Center Drive, Newport Beach, California 92660.
How many people does Clean Energy employ?
As of December 31, 2009, Clean Energy employed 229 people, of whom 51 were in sales and marketing (including the Company's grants department), 145 were in operations and engineering and vehicle production, and 33 were in finance and administration.
Who is Clean Energy's investor relations contact?
ICR, Inc. Ina McGuinness 310-954-1100
Who is Clean Energy's public relations contact?
RCG Russell Communications Group Bruce Russell 310-559-4955 x101
Who is Clean Energy's stock transfer agent?
Computershare Trust Company, N.A. 800-962-4284 or 303-262-0600
Who is Clean Energy's independent registered public accounting firm?
KPMG, LLP is the accounting firm.
Can you explain why you focus more on your margins as opposed to revenue?
Because approximately half of our sales contracts are structured on an index-plus methodology, whereby we add a fixed margin to the market price of natural gas we pay to purchase the natural gas we ultimately sell to our customers, we like to point out that although tracking revenue growth is important, it is not perfectly indicative of how our business is performing. In our business, the market price of natural gas can have a big impact on the revenue we earn related to these contracts, while at the same time not having any impact on the margin we earn on these contracts. I am now going to walk you through an example that demonstrates this point. For simplicity, all the amounts below are for illustrative purposes only and are not indicative of past or anticipated future results.
Market and Contract Assumptions
Base Case
Scenario 1
Scenario 2
Market price of natural gas per gallon ("Index")
$1.00
$.50
$1.50
Other direct costs per gallon related to gas sale
$.50
$.50
$.50
Margin (or "Plus") component of sales contract per gallon
$.90
$.90
$.90
Financial Results
Base Case
Scenario 1
Scenario 2
Revenue ("Index + "Margin")
$1.90
$1.40
$2.40
Cost of Sales ("Index" + other direct costs)
$1.50
$1.00
$2.00
Net Margin Results
$.40
$.40
$.40
As you can see, in Scenario 1 revenue goes down 26% from the Base Case, and in Scenario 2, revenue goes up 26% from the Base Case, but our net margin results are the same in all three examples. Consequently, based on the impact these contracts have on our overall financial results, we believe our margin results are more indicative of our financial performance than revenues, which is why we focus so heavily on this metric.
Do you have another question that hasn't been answered?
Please submit your question using the form below. Fields marked with an * are required.
Disclaimer: Quotes delayed at least 20 minutes. Last updated Sep 9, 2010 9:55 AM ET. Information provided by eSignal.
show all
hide all