Stock Monitor: RGC Resources Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 29, 2017 / Active-Investors issued a free report on Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy"), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=CLNE as the Company' s latest news hit the wire. On November 27, 2017, the Company announced jointly with Landi Renzo S.p.A., that they have signed an agreement to merge their compressor manufacturing subsidiaries to form a new standalone Company that will immediately become one of the leading suppliers of natural gas compressors and other related products across the globe, and the second player worldwide in terms of turnover. Sign up now for our free research reports at:

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Active-Investors.com is currently working on the research report for RGC Resources, Inc. (NASDAQ: RGCO), which also belongs to the Utilities sector as the Company Clean Energy Fuels. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Clean Energy Fuels most recent news is on our radar and we have decided to include it on our blog post. Today' s free coverage is available at:

www.active-investors.com/registration-sg/?symbol=CLNE

Landi Renzo' s subsidiary, SAFE, specialized in the manufacturing and installation of gas compressors for multiple applications, with a strong presence in Europe and Asia, and Clean Energy' s subsidiary, Clean Energy Compression, a single-source supplier of Compressed Natural Gas (CNG) fueling systems, which is well established in the North America and South America markets, will combine their manufacturing and support operations.

Terms of the Agreement

The transaction is expected to close before the end of 2017. After the completion of the agreement, Landi Renzo will own 51% and take over operational management, while Clean Energy will own 49% of the new Company.

The combined Company will be headquartered in San Giovanni Persiceto (BO), Italy, and retain Clean Energy' s manufacturing operations in Chilliwack, British Columbia, Canada.

Consolidating Operations Will Enable the New Company to focus on Manufacturing Efficiencies

Andrew J. Littlefair, President and Chief Executive Officer (CEO) of Clean Energy, stated that SAFE and Clean Energy Compression' s businesses when combined, establish a completely complementary structure in geography, expertise, and highly competitive products. Consolidating operations and corporate functions is expected to enable the new Company to focus on manufacturing efficiencies with the best technologies and reduce redundant overhead, resulting in improved margins.

Strategic Benefits of the Agreement

The new Company will be able to take advantage of its global positioning, product offering, and market penetration required to meet the growing demand of transportation fleets that seek solutions to replace diesel. The new entity can count on outstanding competencies, leveraging on a wide and advanced product portfolio.

The combination of the two subsidiaries will allow the new Company to automatically achieve leading positions in Europe and North American, while laying the foundation to accelerate growth in new geographies of the Middle-East, Africa, and Asia. It will also be characterized by a global sales network, deriving from the integration of the two existing networks, which incidentally do not present any significant overlapping.

Financial Implications of the Agreement

The expected revenue of the combined Company for 2018 is about ?58 million with +17% CAGR at 2022 (estimated turnover at about ?107 million) and adjusted EBITDA of ?4.9 million. The agreement will allow from the start to reduce the Landi Renzo Group' s net financial position by ?4 million, to close 2017 in balance if the closing of the transaction will be executed within 2017, and with a significant increase in the value creation for shareholders.

The estimated operational synergies will be around 9% of combined cost structure, with a target value in 2020 of ?7 million. The cost reduction is estimated to be significant already in 2018 (about ?2.6 million) and fully developed in 2022 at ?9 million.

Leadership

The Board of Directors of new Company will have seven members, of which four appointed by Landi Renzo. Andrew J. Littlefair will serve as the Non-Executive Chairman of the new Company. Cristiano Musi, currently Group CEO of Landi Renzo, will be the CEO of the new entity.

About Clean Energy Fuels Corp.

Established in 1997, Clean Energy is the largest provider of natural gas fuel for transportation in North America, fueling over 35,000 vehicles each day at approximately 500 fueling stations throughout the US and Canada. The Company builds and operates CNG and LNG fueling stations, manufactures CNG and LNG equipment and technologies, and develops RNG production facilities.

About Landi Renzo S.p.A.

Founded in 1954, Landi Renzo S.p.A. is the world leader in the alternative fuel industry, including LPG and CNG, serving more than 30% of the global market for LPG and CNG solutions. The Company is headquartered in Cavriago, Province of Reggio Emilia.

Stock Performance Snapshot

November 28, 2017 - At Tuesday' s closing bell, Clean Energy Fuels' stock marginally rose 0.94%, ending the trading session at $2.14.

Volume traded for the day: 750.84 thousand shares.

After yesterday' s close, Clean Energy Fuels' market cap was at $330.84 million.

The stock is part of the Utilities sector, categorized under the Gas Utilities industry. This sector was up 0.5% at the end of the session.

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