Last week, shares tumbled after the fuel cell company reported first-quarter net losses wider than analysts expected.
Over the three months to March, Plug Power reported net losses of 6 cents a share, a penny wider than analysts surveyed by Thomson Reuters expected. Revenue of $5.6 million slid 13% year over year as Plug shipped 165 units compared to 238 units in the year-ago quarter.PLUG data by YCharts
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 a number of negative factors, 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 weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: