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Shares of Clean Energy Fuels (CLNE) and Navistar Intl. (NAV) Trade Higher on Joint Marketing Agreement

February 1, 2012 9:14 AM EST
CLNE Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

EPS Growth %: -220.0%
Clean Energy Fuels Corp. (Nasdaq: CLNE) has signed a strategic joint marketing and fueling agreement with Navistar International Corp. (NYSE: NAV), global truck and engine manufacturer.

Clean Energy will provide a comprehensive CNG/LNG fueling solution designed to meet Navistar customer demands and bring new customers into the natural gas market. Specifically, Clean Energy will work with Navistar and its customers to provide truck lessees with fueling contracts whose fuel cost savings help to lower overall costs. Clean Energy also expects to participate with Navistar in selected trucking industry exhibitions and provide assistance on dealer outreach and education on fueling issues


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