SEAL BEACH, Calif. (AP) — Clean Energy Fuels Corp. is providing natural gas to five additional trucking companies, the company said Friday, sending shares up nearly 4 percent in early trading.
Financial terms were not disclosed.
Clean Energy said the companies will use compressed natural gas at Clean Energy's existing public stations, as well as new stations built for them specifically, along with liquefied natural gas at Clean Energy stations.
Natural gas prices have plunged to 10-year lows thanks to booming supplies, making it an attractive alternative to gasoline.
Clean Energy, based in Seal Beach, Calif., sells fueling stations for compressed natural gas.
The five new trucking companies include Saddle Creek Logistics Services of Lakeland, Fla.; Premier Transportation of Atlanta; Hoopes Turf Farm's Transport Division of Ulysses, Pa.; Lily Transportation Corp. of Needham, Mass. and Lancaster Foods of Jessup, Md.
Clean Energy previously announced a 10-year agreement with Saddle Creek in March.
Clean Energy shares rose 58 cents to $15.58 in morning trading.