UPDATE 2-Plug Power loss bigger than expected; to stay in the red

Wed May 14, 2014 12:58pm EDT
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* Expects Q2 sales of $16 mln-$18 mln

* Expects 2014 EBITDA loss of $0.5 mln-$3 mln

* Expects Q2 EBITDA loss of $3 mln-$4 mln

* Shares fall as much as 10 pct (Adds details from conference call, background, share movement)

May 14 (Reuters) - Fuel-cell maker Plug Power Inc warned it no longer expects to turn profitable this year, after reporting a bigger-than-expected first-quarter loss due to a fall in orders.

The company's shares fell as much as 10 percent on Wednesday.

Plug Power, which makes hydrogen fuel cells to power forklifts, told Reuters in March that it expects to report a profit on an EBITDA basis for the first time in 2014.

The company has been racking up orders ever since French industrial gas maker Air Liquide invested in it last May.

The New York-based company said it had already booked more than $80 million in orders to date in 2014 - double of last year's total orders - but costs have also climbed.   Continued...