$PLUG - Plug Power up Over 11% Premarket

$PLUG - Shares of Plug Power Inc. jumped more than 11% premarket Thursday following the fuel-cell company's fourth-quarter earnings report.

The firm said it lost $28.9 million, or 28 cents a share, last quarter, compared with a loss of $8.5 million, or 22 cents a share, in the same quarter during the previous year.

Adjusted losses narrowed to $8.0 million, or 8 cents a share, compared with $9.6 million, or 25 cents a share a year earlier.

Revenue rose to $8.0 million from $5.9 million. The lone estimate compiled by FactSet, from Cowen & Company, was for adjusted losses of 8 cents a share on revenue of $7.4 million.

The firm said orders for the 2014 fiscal year have already exceeded $60 million.

Plug Power's shares have skyrocketed in recent sessions as investors become increasingly bullish on the prospects of fuel-cell makers.

Ballard Power Systems Inc. (BLDP) was up 8% premarket Thursday while FuelCell Energy Inc. (FCEL) rose 6%.