NEW YORK (TheStreet) -- Plug Power (PLUG) shares are up 4% to $2.88 on heavy trading on Tuesday as the fuel cell maker benefits from FuelCell Energy's (FCEL) mixed fourth quarter earnings results. FuelCell reported fourth quarter net loss of 2 cents per share that was in line with expectations of revenue of $54.4 million that was ahead of analysts' guidance.
The Latham, NY-based company has been the bellwether for the entire sector after CEO Andrew Marsh said late last year that the company would be profitable this fiscal year for the first time since its initial public offering in 1999.
The fuel cell maker's shares have fallen in recent weeks due to falling oil prices that investors believe will dampen demand for alternative fuel sources, though numerous analysts have come out and said that the two industries are not in competition with one another.
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Plug Power set its full year revenue guidance between $70 million and $75 million. Through three quarters the company has reported revenue of about $43 million. The company reports its fourth quarter earnings results in March.
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: