NEW YORK (TheStreet) -- Shares of Plug Power (PLUG) are falling 7.50% to $3.76, continuing its fall over the last two days following its 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 a loss of 3 cents per share.
Total revenue for the latest quarter was $19.9 million versus $4.6 million for the 2013 third quarter. Analysts forecast revenue of $24.4 million for the 2014 third quarter.
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."
- You can view the full analysis from the report here: PLUG Ratings Report