Carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL) will be reporting results tomorrow before market hours. Here’s what you need to know.

FuelCell Energy beat analysts’ revenue expectations by 4.7% last quarter, reporting revenues of $23.7 million, down 7.1% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates but a miss of analysts’ adjusted operating income estimates.

Is FuelCell Energy a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting FuelCell Energy’s revenue to grow 76.6% year on year to $39.66 million, a reversal from the 42.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.59 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FuelCell Energy has missed Wall Street’s revenue estimates four times over the last two years.

Looking at FuelCell Energy’s peers in the renewable energy segment, some have already reported their Q3 results, giving us a hint as to what we can expect. EVgo delivered year-on-year revenue growth of 92.4%, beating analysts’ expectations by 2.4%, and ChargePoint reported a revenue decline of 9.7%, topping estimates by 11.2%. EVgo traded down 3.7% following the results while ChargePoint was up 10.7%.

Read our full analysis of EVgo’s results here and ChargePoint’s results here.

Investors in the renewable energy segment have had steady hands going into earnings, with share prices flat over the last month. FuelCell Energy is up 30.4% during the same time and is heading into earnings with an average analyst price target of $29.38 (compared to the current share price of $10.38).

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