Carbonate fuel cell technology developer FuelCell Energy (NASDAQ:FCEL) will be announcing earnings results tomorrow before market open. Here’s what to expect.

FuelCell Energy beat analysts’ revenue expectations by 21% last quarter, reporting revenues of $49.33 million, up 120% year on year. It was a slower quarter for the company, with a significant 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 117% year on year to $36.27 million, a reversal from the 55% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.35 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 three times over the last two years.

Looking at FuelCell Energy’s peers in the renewable energy segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Bloom Energy delivered year-on-year revenue growth of 60.4%, beating analysts’ expectations by 12.8%, and American Superconductor reported revenues up 56%, topping estimates by 8.4%. Bloom Energy traded up 4.4% following the results while American Superconductor was also up 33.9%.

Read our full analysis of Bloom Energy’s results here and American Superconductor’s results here.

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