Plug Power (PLUG) said Thursday that it expects Q3 revenue to increase more than 10% from a year earlier.

The company said it is on track to meet its full-year revenue guidance growth of 15% to 16%.

The company said that based on preliminary, unaudited estimates, net cash usage was an estimated $28 million in Q3, with $134 million in cash and cash equivalents remaining as of the end of the quarter.

Plug Power is set to report its Q3 earnings on Nov. 9.

Shares of the company were down 3.5% in recent Thursday premarket activity.