NEW YORK (TheStreet) -- FuelCell Energy (FCEL) shares are down 6.17% to $1.90 in trading on Wednesday after the lithium ion fuel cell company's industry rival, Plug Power (PLUG) , reported third quarter earnings that missed analysts expectations.
FuelCell's stock has been tethered to its peer's all year as investors look for signs of maturation in a fuel cell market that could potentially be burgeoning, and after Plug Power said earlier this year that it expects to turn a profit for the first time in its 16 year history.
Plug shares are down after 14.07% to $4.36 the company reported a third quarter EPS net loss of 4 cents per diluted share that was one cent worst that analysts were expecting on revenue of $19.9 million that fell short of analysts' guidance by $4.5 million.
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TheStreet Ratings team rates FUELCELL ENERGY INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate FUELCELL ENERGY INC (FCEL) 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 poor profit margins, weak operating cash flow and deteriorating net income."