NEW YORK (TheStreet) -- Shares of Plug Power (PLUG) - Get Report were gaining 3.8% to $2.69 Thursday after the fuel cell manufacturer announced a new order from FreezPak Logistics.

Plug Power announced that FreezPak Logistics selected its full-service GenKey solution for a new cold storage distribution center freezer warehouse that it currently under construction in New Jersey.

The GenKey deployment for the freezer warehouse includes 25 GenDrive fuel cells, a GenFuel outdoor hydrogran storage infrastructure with two indoor dispensers, and GenCare service for the fuel cells and hydrogen system. The contract with FreezPak Logistics also includes a 10-year hydrogen supply agreement.

"Plug Power worked together as partners alongside FreezPak to develop and install a mini-GenFuel system, making the very real operational and productivity benefits of hydrogen fuel cells a reality for smaller fleet customers, like FreezPak," Plug Power CEO Andy Marsh said in a statement.

TheStreet Ratings team rates PLUG POWER INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate PLUG POWER INC (PLUG) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• PLUG's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 59.91%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
• Net operating cash flow has declined marginally to -$9.76 million or 9.17% when compared to the same quarter last year. Despite a decrease in cash flow of 9.17%, PLUG POWER INC is in line with the industry average cash flow growth rate of -13.42%.
• Compared to other companies in the Electrical Equipment industry and the overall market, PLUG POWER INC's return on equity significantly trails that of both the industry average and the S&P 500.
• PLUG's debt-to-equity ratio is very low at 0.02 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 6.31, which clearly demonstrates the ability to cover short-term cash needs.
• PLUG POWER INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, PLUG POWER INC continued to lose money by earning -$0.65 versus -$0.79 in the prior year. This year, the market expects an improvement in earnings (-$0.11 versus -$0.65).
• You can view the full analysis from the report here: PLUG Ratings Report