On Thursday, shares of Plug Power Inc (NASDAQ:PLUG) added 21%, after the company posted a 4rth quarter loss of $28.9 million, or 28 cents a share, as compared to a loss of $8.5 million, or 22 cents a share, from prior year.
Other Metrics: excluding the one-time items, company posted adjusted loss of 8 cents a share, on par with expectations of analysts surveyed by FactSet and compared with an adjusted loss of 25 cents a share in the year-ago period.
Plug Power Inc (NASDAQ:PLUG)’s revenues jumped 36 percent to $8 million. Plug Power Inc (PLUG) shares has soared since it said late last month it won a contract to provide its fuel cell-powered warehouse equipment to six Wal-Mart Stores Inc. (WMT) distribution centers.
It’s been said by the company’s CEO Andy Marsh, in a statement on Thursday the orders this year are expected to total more than $150 million, about four times 2013 orders.
Plug Power Inc (PLUG) shares today opened at $7.58, and currently trading at $ 7.40 by soaring 8.82%. It’s market cap is 796.49 Million. The 52-week range trading range is $0.15 – $11.72.
Today Plug Power Inc was surging more than 17% in pre-market after it reported a narrowing of adjusted fourth-quarter loss to an in-line 8 cents a share on stronger-than-expected revenue of $8 million. Company said that analysts, on average, were expecting revenue of $7.45 million. Sales orders for 2014 have already exceeded $60 million.
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