NEW YORK (TheStreet) -- Shares of Plug Power (PLUG) are up 2.97% to $4.85 in pre-market trade, continuing to show gains after the company late last week announced a new deal with Golden State Foods to supply the California-based food manufacturer with zero-emission hydrogen fuel cells.
The company will use Plug's GenDrive fuel cells to power 39 of its material handling vehicles.
Plug has previously stated that it expects its product and service orders to triple this year as the company pushes to be profitable for the first time since 1999.
Must Read: Warren Buffett's 25 Favorite Stocks
The company is scheduled to release its third quarter earnings results on November 12. Analysts expect the company to lose 3 cents per diluted share on revenue of $24.4 million.
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. Among the areas we feel are negative, one of the most important has been weak operating cash flow."