Plug Power (PLUG) Reverses After Stellar Week

NEW YORK (TheStreet) -- After scoring triple-digit gains last week, Plug Power (PLUG) has begun to reverse course on Monday. By mid-morning, the alternative fuel-cell developer had shed 14% to $1.77 on trading volume nearly doubled its three-month daily average, making it one of the markets' biggest decliners and most actively-traded.

Over the five trading days to Friday, the Latham, N.Y.-based business increased 180% after management said the company would likely turn a profit in 2014, the first time since its market debut 14 years earlier. Several big-order clients are expected to sign in the company's fourth-quarter ended December generating $30 million to $40 million in revenue while provide a recurring revenue stream over a multi-year agreement.

Plug Power's reversal is dragging on others in the fuel-cell industry. FuelCell Energy (FCEL) has dropped 4% to $1.65, while Ballard Power Systems (BLDP) is off 4.7% to $1.62.

TheStreet Ratings team rates Plug Power Inc as a Sell with a ratings score of D-. The team has this to say about their recommendation:

"We rate Plug Power Inc (PLUG) a SELL. This is driven by a few notable 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 deteriorating net income and disappointing return on equity."

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

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