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Bears Retreat as Plug Power Predicts Fourfold Growth in 2014

Keris Alison Lahiff
3/13/14 12:13 PM EDT
Fuel-cell developer Plug Power is recovering from a two-day selloff after reporting a fourth quarter better than analysts expected. Adjusted net losses of 8 cents a share were in line with analyst expectations and far narrower than last year's 22-cents-a-share loss. Revenue soared 36% to $8 million, and the year ahead looks even better. Management said 2014 sales orders have exceeded $60 million and CEO Andy Marsh believes total orders will be quadruple what the company pulled in over 2013.
Stocks in this video: PLUG

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