Plug Power Surges After Earnings - Business Insider

Rob Wile Mar. 13, 2014, 9:45 AM5,758 Email More Share on Tumblr Plug Power Plug Power shares are going bonkers after the fuel cell machine distributor reported revenues of $8 million versus $5.9 million in the same quarter last year.That beat the lone estimate from Cowen, which also just put together a registered offering for the firm, of $7.4 million, according to Marketwatch.Plug Power also narrowed adjusted losses to $0.08 a share compared with $0.25 a share last year. That was in-line with Cowen’s estimate.Plug Power said orders for the 2014 fiscal year have already exceeded $60 million.Shares were up nearly 22%. Ballard, which supplies Plug Power with the fuel cells themselves, was up nearly 11%. FuelCell Energy, which makes power generation units for locations and …


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