5 Things Clean Energy Fuels Corp. Shareholders Need to

Know

By Sean O’Reilly

1. Still growing

• Clean Energy Fuels (NASDAQ: CLNE) reported third quarter FY 2015 results on Nov. 5:

• Revenue for the quarter came in at $92.3 million, an 11% decrease from the $103.4 million generated in the same period last year• Approximately $5.7 million of the decrease was the result of lower effective pricing on

gallons delivered

• Higher volumes offset price decreases:• Gallons delivered for the third quarter increased 17% year over year to

80.6 million gallons• Reached positive EBITDA for first time

1. Still growing

• For the nine-month period ending Sept. 30:– Revenue was $265.0 million, a decrease of 11%

compared to $296.8 million a year ago. – This decrease was due to lower effective pricing, as

well as lower construction and Clean Energy Compression revenue

2. Natural gas prices remain competitive

Source: Source: Clean Energy Fuels Investor Presentation December 22, 2015

3. Infrastructure in place to leverage future growth

• Convincing businesses and government agencies to switch to natural gas to fuel their fleets is not an easy task

• Customers seek convenience as well as economic benefits

• To overcome these difficulties, Clean Energy Fuels has:– Created a network for customers to consistently fuel their

fleets with clean, efficient fuel

3. Infrastructure in place to leverage future growth

Source: Clean Energy Fuels Investor Presentation December 22, 2015

4. Customer base continues to expand

• CLNE now boasts over 950 unique customers, each with their own CNG fleets, including:– 39 city airports– Numerous cities, totaling over 8,000 public transit vehicles– Cities and private waste management organizations equating to

9,000 waste transportation vehicles– National trucking companies with a total of 3,000 natural gas

carrier trucks

4. Customer base continues to expand

Source: Clean Energy Fuels Investor Presentation December 22, 2015

5. Government is on Clean Energy’s side

• U.S. Congress recently extended, retroactively, incentives to encourage usage of alternative fuels– Applies to fueling equipment for natural gas and other alternative

fuels– Eligible for a tax credit of 30% of the total cost, not to exceed

$30,000• On July 31, 2015, President Obama signed into law a

comprehensive highway funding bill that included a measure that will, effective January 1, 2016, equalized the federal tax on LNG to an energy-equivalent basis with diesel

5. Government is on Clean Energy’s side

Foolish bottom line

• Clean Energy Fuels Inc. appears to be at an inflection point– Significant infrastructure investments have been made

• Recently reached positive EBITDA margins• Even after precipitous drop in oil and gasoline prices,

natural gas remains competitive• Price competitiveness, plus environmental benefits make

Clean Energy Fuels a strong bet for the future of mass transportation and long-range trucking

The next billion-dollar iSecret The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a

small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room

to run for early-in-the-know investors! To be one of them, just click here.