Coalition of 22 U.S. Governors Willing to Purchase up to 10,000 CNG Vehicles a Year to Cut Costs
Five Star Equities Provides Stock Research on Clean Energy Fuels and Quantum Fuel Systems
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 11/01/12 -- America's focus on lowering its dependence on foreign oil has caused a spike in demand in the natural gas vehicle (NGV) market. The U.S. Energy Information Administration and the Potential Gas Committee has estimated that the U.S. holds a minimum of 100 years' worth of proven natural gas reserves. Five Star Equities examines the outlook for companies in the Alternative Auto Parts Industry and provides equity research on Clean Energy Fuels Corp. (NASDAQ: CLNE) and Quantum Fuel Systems Technologies (NASDAQ: QTWW).
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A coalition of 22 U.S. governors, led by Oklahoma Governor Mary Fallin and Colorado Governor John Hickenlooper, has stated that their states would be willing to purchase up to 10,000 new compressed natural gas (CNG) cars and pickups a year. By providing a market for CNG vehicles it has given auto manufacturers an incentive to lower costs of NGVs, which currently run roughly $10,000 more than their gasoline counterparts.
"The initiative has been enormously successful," Governor Fallin said. "We asked auto manufacturers to develop products that were more affordable and functional. With the combined purchasing power of our 22 states, we successfully provided the incentive to do so. States will now have the incentive and ability to begin converting their fleets to CNG while saving millions of dollars in taxpayer money."
Five Star Equities releases regular market updates on the Alternative Auto Parts Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Clean Energy is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle fueling market. The company has recently signed an agreement with the Commonwealth of Virginia to provide natural gas and vehicle conversion services. Clean Energy is scheduled to release their third quarter results on November 7, 2012.
Quantum Fuel Systems Technologies Worldwide is a global leader in natural gas, hybrid/electric and hydrogen vehicle technologies. The company recently reported that it has been awarded a new development contract from Fisker Automotive for advanced product development on the Fisker Karma. Quantum is scheduled to release their third quarter results on November 5, 2012.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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