Ormat Technologies

Ormat Technologies, Inc. operates as a holding company. The firm engages in the geothermal and recovered energy power businesses. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses on the sale of electricity from the company's power plants pursuant to power purchase agreements. The Product segment involves the manufacture, including design and development, of turbines and power units for the supply of electrical energy and in the associated construction of power plants utilizing the power units manufactured by the company to supply energy from geothermal fields and other alternative energy sources. The Energy Storage segment consists of battery energy storage systems as a service and management of curtailable customer loads under contracts with U.S. retail energy providers and directly with large commercial and industrial customers. The company was founded in 1965 and is headquartered in Reno, NV.

Earnings data Q1 2021

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ormat Technologies reports strong 2022 finish and projects growth

Ormat Technologies had a robust 2022, expecting continued growth in 2023 with strong global demand for renewable energy.
The company's focus on capital investment in geothermal and storage assets positions it well for future expansion.
Challenges like delays and market fluctuations are being addressed strategically to maintain stability and drive growth.
Opportunities in revenue growth, new projects, and market conditions offer a positive outlook for Ormat's future performance.

Ormat Technologies reports robust Q1 earnings and growth opportunities

Ormat Technologies' Q1 2023 performance reflects strong financial growth and operational resilience.
The company's ESG commitment and growth plans position it well for future opportunities in the renewable energy sector.
Challenges in managing capital expenditure and balancing growth with sustainability efforts require strategic focus.
Anticipated benefits from regulatory initiatives offer potential for enhanced profitability and market positioning.

Ormat Technologies posts robust Q2 results, eyes geothermal expansion

Ormat Technologies delivered a strong quarter with significant growth in geothermal, solar, and energy storage projects, setting the stage for future expansion.
The company's focus on portfolio expansions, financial stability, and commitment to geothermal development positions it well for future growth.
Despite margin challenges and pricing fluctuations, Ormat's strategic initiatives and asset eligibility for tax credits offer avenues for sustained success.

Ormat Technologies reports strong Q3 results and strategic acquisitions

Ormat Technologies' Q3 2023 earnings call showcased robust financial results, operational progress, and strategic initiatives positioning the company for future growth. While facing challenges from interest rate impacts and market dynamics, Ormat is capitalizing on opportunities for expansion and efficiency improvements.

Ormat Technologies excels in Q4, eyes growth in renewables

Ormat Technologies delivered strong financial performance in Q4 2023, with revenue and EBITDA growth, strategic acquisitions, and positive outlook for 2024.
The company's strengths include a solid balance sheet, commitment to renewable energy, and clear growth strategies, despite facing challenges like PTC reduction and portfolio adjustments.
Opportunities in expanding storage capacity, margin improvements, and unveiling longer-term targets at Analyst Day highlight Ormat's potential for sustained growth and value creation.
Navigating challenges, seizing opportunities, and leveraging strengths position Ormat Technologies for continued success in the renewable energy sector.

Ormat Technologies excels in Q1 2024, eyes renewable energy growth

Ormat Technologies' strong Q1 2024 performance underscores its growth trajectory driven by operational improvements and strategic acquisitions.
While facing challenges in PPA negotiations and pricing pressures, the company remains well-positioned to capitalize on the global shift towards renewable energy.
With a focus on expanding generating capacity, optimizing agreements, and engaging stakeholders, Ormat is poised for continued success in the renewable energy sector.

Ormat Technologies excels in Q2 2024, eyes U.S. market expansion

Ormat Technologies' Q2 2024 performance reflects strong revenue growth, improved margins, and a positive outlook for future expansion. The company's strategic focus on portfolio expansion, operational efficiency, and revenue diversification positions it well for sustained growth in the renewable energy sector.

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Shares of Ormat Technologies (NYSE:ORA) moved higher by 0.98% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 3.33% over the past year to $0.31, which beat the estimate of $0.28.

Recap: Ormat Technologies Q3 Earnings

FAVORABLE SETTLEMENT WITH THE KENYAN TAX AUTHORITIES;OPERATING INCOME INCREASED 33.5% OVER LAST YEAR;IMPROVED CASH FLOW FROM OPERATION SUPPORTED BY COLLECTION IN HONDURAS AND KENYA

Ormat Technologies Reports Third Quarter 2020 Financial Results

Los Angeles, California--(Newsfile Corp. - October 14, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Ormat Technologies, Inc. ("Ormat" or "the Company") (NYSE: ORA) for potential breaches of fiduciary duty on the part of its directors and management.If you are a shareholder, click here to participate.We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century...

ORA LONG TERM SHAREHOLDER REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Ormat Technologies, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

RENO, Nev., Oct. 12, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) announced today that it plans to announce its third quarter 2020 financial results in a press release that will be issued on Tuesday, November 3, 2020 after the market closes. The Company has scheduled a conference call to discuss the results at 10 a.m. ET on Wednesday, November 4, 2020. To participate, please dial 1-877-511-6790 approximately 15 minutes prior to the scheduled start of the call. If calling outside of the United States and Canada, please dial 1-412-902-4141. Please request the “Ormat Technologies, Inc. call” when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of the Company's website.

Ormat Technologies, Inc. to Host Conference Call and Webcast Announcing Third Quarter 2020 Financial Results

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Los Angeles, California--(Newsfile Corp. - October 2, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Ormat Technologies, Inc. (NYSE: ORA) ("Ormat" or "the Company") for potential breaches of fiduciary duty on the part of its directors and management.If you are a shareholder, click here to participate.We also encourage you to contact Brian Schall of the Schall Law Firm, 1880...

ORA LONG TERM SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Ormat Technologies, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Signs Resource Adequacy Agreements totaling 5mw/20mwh with two California Community Choice Aggregators Signs Resource Adequacy Agreements totaling 5mw/20mwh with two California Community Choice Aggregators

Ormat Technologies Expands Energy Storage Footprint in California

Management Intends to Expedite the Development of Additional 20MW Geothermal Power Plant in Honduras Management Intends to Expedite the Development of Additional 20MW Geothermal Power Plant in Honduras

Ormat Technologies Confirms Receipt of Payment for All Prior-Year Invoices by ENEE in Honduras

Ormat Technologies (ORA) reported earnings 30 days ago. What's next for the stock?

Ormat Technologies (ORA) Down 1.3% Since Last Earnings Report: Can It Rebound?

Ormat Technologies (ORA) generates Q2 revenues of $174.9 million, which exceed the Zacks Consensus Estimate by 4.8%.

Ormat Technologies (ORA) Q2 Earnings Beat, Revenues Drop Y/Y

Ormat Technologies, Inc. (ORA) CEO Doron Blachar on Q2 2020 Results - Earnings Call Transcript

COMPANY IMPROVED ITS MARGINS IN ALL OPERATING SEGMENTS, LED BY THE STRENGTH AND RESILIENCY OF OUR ELECTRICITY SEGMENT

Ormat Technologies Reports Second Quarter 2020 Financial Results

Ormat Technologies (ORA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Ormat Technologies (ORA) Q2 Earnings Expected to Decline

$47 Million Acquisition to add a 20 MW / 80 MWh Contracted, Operating Asset to Broaden Ormat’s Energy Storage Portfolio $47 Million Acquisition to add a 20 MW / 80 MWh Contracted, Operating Asset to Broaden Ormat’s Energy Storage Portfolio

Ormat Announces Closing of the Pomona Energy Storage Facility Acquisition in California

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RENO, Nev., July  01, 2020  (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that it has concluded an auction tender and accepted subscriptions for NIS 1.0 billion aggregate principal amount of senior unsecured bonds (the "Bonds"). The Bonds are being issued in Israeli Shekels and will be converted to approximately $290.0 million using a cross-currency swap transaction (the “Swap”) shortly after the completion of such issuance. Ormat will issue the Bonds in an unregistered offering outside the United States to investors who are not "U.S. persons", as such term is defined in Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), and otherwise subject to the requirements of Regulation S. Completion of the issuance of the Bonds is expected to be in the first week of July 2020.

Ormat Technologies Inc. Concludes Auction to Price Approximately $290 Million Aggregate Principal Amount of Senior Unsecured Bonds in Proposed Regulation As Offering

Increasing the Steamboat Complex Capacity From 65 MW to 84 MW Increasing the Steamboat Complex Capacity From 65 MW to 84 MW

Steamboat Hills Geothermal Power Plant Enhancement in Nevada Begins Commercial Operation

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Ormat Technologies' (ORA) top line declines 3.5% on a year-over-year basis due to lower revenues from product and energy storage & management services segments in the first quarter.

Ormat Technologies (ORA) Q1 Earnings Beat, Revenues Drop Y/Y

Ormat Technologies, Inc. (ORA) CEO Isaac Angel on Q1 2020 Results - Earnings Call Transcript

Ormat Technologies (ORA) delivered earnings and revenue surprises of 2.00% and 3.27%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Ormat Technologies (ORA) Q1 Earnings and Revenues Beat Estimates

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Commercial Operation at Full Nameplate Capacity of Approximately 10 MW Started in April 2020 Commercial Operation at Full Nameplate Capacity of Approximately 10 MW Started in April 2020

Ormat Announces Commercial Operation of Rabbit Hill Battery Energy Storage System Participating in Markets Run by the Electric Reliability Council of Texas

Ormat Technologies, Inc. (ORA) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

News for Ormat Technologies Stock (ORA)