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 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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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.

Moving Average Crossover Alert: Ormat Technologies

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?

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

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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)