NEW YORK (TheStreet) --Shares of Plug Power Inc. (PLUG) are lower by 5.19% to $4.02 in late afternoon trading on Thursday, as the stock continues to decline following yesterday's 2014 third quarter earnings results, which fell short of analysts' expectations.
The alternative energy technology provider reported a loss in its adjusted earnings for the most recent quarter of $7.5 million, or a loss of 4 cents per diluted share.
Analysts were expecting Plug Power to post a loss of 3 cents per share for the quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Total revenue for the latest quarter grew to $19.9 million versus $4.6 million for the 2013 third quarter.
Analysts forecast for revenue of $24.4 million for the 2014 third quarter.
Separately, 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 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. Among the areas we feel are negative, one of the most important has been weak operating cash flow."
You can view the full analysis from the report here: PLUG Ratings Report