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.

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Ormat Technologies reports 57.5% increase in net income for Q1 2023, anticipates significant revenue growth and ESG commitment

Ormat Technologies reported robust financial results for Q1 2023, driven by strategic investments, portfolio expansion, and favorable regulatory benefits. The company's commitment to ESG initiatives and expectations of substantial revenue and income growth position it well for the future. However, successful project completion and adaptation to market changes will be crucial for sustained success.

Ormat Technologies reports strong Q2 earnings and accelerates growth

Ormat Technologies delivered strong financial performance, showcasing growth in revenue and profitability. The company's focus on portfolio expansion and asset development positions it for future growth, despite challenges related to fluctuating battery prices. Ormat Technologies has opportunities for growth through accelerated drilling, testing, and access to tax credits.

Ormat Technologies reports robust Q3 earnings and eyes growth opportunities

Ormat Technologies delivered impressive financial results, demonstrating strong revenue and earnings growth, strategic acquisitions, and a commitment to sustainability. While facing challenges related to increased interest rates, the company remains well-positioned with 100% contracted assets and a focus on mitigating potential limitations in geothermal energy expansion.

Ormat reports robust Q4 results, eyes growth in renewable energy

Ormat's strong performance in Q4 2023 sets a positive outlook for 2024. Strategic acquisitions, growing backlog, and focus on renewable energy highlight the company's potential for continued success.

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

Ormat Technologies (ORA) Down 7.8% Since Last Earnings Report: Can It Rebound?

Ormat Technologies, Inc. (ORA) CEO Isaac Angel on Q4 2019 Results - Earnings Call Transcript

Ormat Technologies' (ORA) operating income during Q4 amounts to $54.5 million compared with the $68 million registered in the year-ago quarter.

Ormat Technologies (ORA) Q4 Earnings Miss, Revenues Up Y/Y

Company Exceeds Guidance Achieving Record Revenue of $746 Million and Meets Guidance for EBITDA Company Exceeds Guidance Achieving Record Revenue of $746 Million and Meets Guidance for EBITDA

Ormat Technologies Reports Fourth Quarter and Full Year 2019 Financial Results; Announces Transition of Senior Management

New geothermal power requirements in California may set the stage for Ormat to line up new business based on its experience in the market.

Is Ormat Stock Ready to Surge On a Geothermal Power Comeback?

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TRP vs. ORA: Which Stock Is the Better Value Option?

RENO, Nev., Jan.  13, 2020  (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced the signing of two similar Power Purchase Agreements (PPA) with Silicon Valley Clean Energy (SVCE) and Monterey Bay Community Power (MBCP). Under the PPAs, SVCE and MBCP will each purchase 7MW (for a total of 14 MW) of power generated by the expected 30MW Casa Diablo-IV (CD4) geothermal project located in Mammoth Lakes, California. The PPAs are for a term of 10 years and have a fixed MWh price, which includes energy, capacity, environmental attributes, and all other ancillary benefits. The remaining 16 MW of generating capacity will be sold under an additional PPA with Southern California Public Power Authority, which was signed in early 2019.

Ormat Signs 10-Year PPAs With Silicon Valley Clean Energy and Monterey Bay Community Power for Its CD4 Geothermal Power Plant in California

Fixed Energy Rate, PPA Extension and Project Expansion Fixed Energy Rate, PPA Extension and Project Expansion

Ormat’s Puna Geothermal Venture and Hawaiian Electric Announce Amended Power Purchase Agreement

Continued Support of Geothermal Industry Creates Jobs and Contributes to Nation’s Energy Independence Continued Support of Geothermal Industry Creates Jobs and Contributes to Nation’s Energy Independence

Ormat Commends the Extension of Geothermal Tax Credits

Ormat Technologies, Inc. (ORA) CEO Isaac Angel on Q3 2019 Results - Earnings Call Transcript

Ormat Technologies' (ORA) Q3 revenues of $170.5 million miss the Zacks Consensus Estimate by a whisker but improve 2.4% on a year-over-year basis.

Ormat Technologies (ORA) Q3 Earnings Miss, Revenues Up Y/Y

Ormat Technologies (ORA) delivered earnings and revenue surprises of -9.09% and -0.47%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Ormat Technologies (ORA) Lags Q3 Earnings and Revenue Estimates

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Ormat Announces Commercial Operation of Hinesburg Battery Energy Storage System, Under an Agreement With Vermont Electric Cooperative

TRP vs. ORA: Which Stock Should Value Investors Buy Now?

Why Is Ormat Technologies (ORA) Up 1% Since Last Earnings Report?

RENO, Nev., Aug.  29, 2019  (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:  ORA), announced today that its Board of Directors will call a special meeting on November 6, 2019 to submit to a stockholder vote amendments to the Company’s Certificate of Incorporation and By-laws to declassify the Board, from three classes of directors who serve three-year terms, to a single class of directors serving annual terms. The Board of Directors plans to recommend that stockholders vote in favor of such amendments.

Ormat Technologies, Inc.’s Board of Directors to Call Special Meeting of Stockholders to Declassify Board

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Ormat Technologies (ORA) continues to develop geothermal projects across the globe. One of its wholly-owned unit enters into an agreement with a private investor for the McGinness Hills Phase 3 Plant.

Ormat Arm Enters Agreement for McGinness Hills Phase 3 Plant

RENO, Nev., Aug.  21, 2019  (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) today announced that one of its wholly owned subsidiaries that owns the 48MW McGinness Hills Phase 3 Geothermal power plant entered into a partnership agreement with a private investor.

Ormat Announces Closing of $59.3 Million Partnership Transaction for McGinness Hills Phase 3 Geothermal Power Plant

EVP Sales Marketing BD of Ormat Technologies Inc (30-Year Financial, Insider Trades) Bob Sullivan (insider trades) sold 13,212 shares of ORA on 08/19/2019 at an average price of $72.48 a share.

Ormat Technologies Inc (ORA) EVP Sales Marketing BD Bob Sullivan Sold $957,606 of Shares

Ormat Technologies, Inc. (ORA) CEO Isaac Angel on Q2 2019 Results - Earnings Call Transcript

Ormat Technologies (ORA) posts better-than-expected second-quarter 2019 results. Both earnings and revenues increase on a year-over-year basis.

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

Ormat Technologies (ORA) delivered earnings and revenue surprises of 29.03% and 4.87%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Ormat Technologies Stock (ORA)