Plug Power (PLUG) Stock Gains on New French Fuel Cell Deal

Plug Power (PLUG) stock is higher this afternoon after agreeing to two significant orders in a week.
By Rachel Graf ,

NEW YORK (TheStreet) -- Shares of Plug Power (PLUG) - Get Report are advancing 5.37% to $1.87 on heavy trading volume early Tuesday afternoon after reaching two separate agreements to sell fuel cell power systems in France within a week. 

Carrefour will purchase at least 150 of the fuel cell provider's GenDrive systems to power electric lift trucks at a new distribution center in Vendin-les-Bethune, France, according to a Plug Power statement.

The announcement follows last week's disclosure that it would provide systems to FM Logistics in France. 

About 3.98 million shares of Plug Power have been traded so far today, well above its average trading volume of roughly 1.67 million shares per day.

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.

Plug Power's weaknesses include its disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: PLUG

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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