Plug Power raised its full-year revenue guidance, as the company narrowed its loss and reported higher revenue in its second quarter.

The hydrogen solutions company on Monday raised its revenue growth target to between 15% and 16%.

The company posted a loss of $188.2 million, or 14 cents a share, compared with a loss of $227.1 million, or 20 cents a share, a year earlier.

Adjusted earnings were a loss of 7 cents a share. Analysts polled by FactSet expected a loss of 8 cents a share.

Revenue rose to $178.3 million from $174 million, driven by an increase in fuel sales. Analysts polled by FactSet expected $169.1 million.

Chief Executive Jose Luis Crespo said the company was expanding its installed material handling base, which builds its recurring revenues through recruitment replacements, service and hydrogen fuel.