Plug Power rallies on guidance, FuelCell wins new Posco deal

|About: Plug Power, Inc. (PLUG)|By:, SA News Editor

Plug Power (PLUG +7.2%) and FuelCell Energy (FCEL +8.1%) are bouncing back today after each produces announcements that keep the bears at bay, at least until PLUG issues its earnings report tomorrow morning.

At a Wedbush conference, PLUG reaffirmed its FY 2014 guidance, expecting to ship more than 3K units, hit $70M in sales (vs. $65M analyst consensus estimate) and 25% gross margins; expects EBITDA to break even during Q2 and Q3.

Meanwhile, FCEL said it won a new contract with Posco (PKX), South Korea’s largest steel maker and, Bloomberg notes, the company’s largest shareholder.

Also moving up nicely: BLDP +6.6%, ZBB +3.7%.