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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RENO, Nev., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced that it plans to publish its fourth quarter and full year 2022 financial results in a press release that will be issued on Wednesday, February 22, 2023, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday, February 23, 2023.

Ormat Technologies, Inc. To Host Conference Call Announcing Fourth Quarter and Year End 2022 Financial Results

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RENO, Nev., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) - Ormat Technologies (NYSE: ORA) and PT Medco Power Indonesia (“Medco Power”) through their subsidiary company, PT Medco Cahaya Geothermal (“MCG”), signed a Financing Agreement with PT Sarana Multi Infrastruktur (Persero) (“SMI”) for development of Ijen Geothermal Power Plant. The signing was witnessed by Harris Yahya, Geothermal Director of the Ministry of Energy and Mineral Resources, Adi Lumakso Director of Generation Management of PT PLN (Persero), Hilmi Panigoro President Director of MedcoEnergi, Doron Blachar CEO of Ormat, Eka Satria President Director of Medco Power and Edwin Syahruzad President Director of SMI.

Ormat Secured a Financing Agreement for the Development of Ijen Geothermal Project

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After resetting its base count, geothermal energy stock Ormat Technologies has generated a new breakout and remains within buy zone. The post Geothermal Energy Stock Heats Up New Buy Zone appeared first on Investor's Business Daily.

Geothermal Energy Stock Heats Up New Buy Zone

RENO, Nev., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today the pricing of an upsized underwritten secondary offering of 3,750,000 shares of its common stock on behalf of ORIX Corporation at a price of $90.00 per share. The offering is expected to close on November 21, 2022, subject to customary closing conditions. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.

Ormat Announces Pricing of Upsized Public Offering of Common Stock on Behalf of Stockholder ORIX Corporation

RENO, Nev., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today the commencement of an underwritten secondary offering of an aggregate of 3,500,000 shares of its common stock on behalf of ORIX Corporation. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.

Ormat Announces Launch of Public Offering of Common Stock on Behalf of Stockholder ORIX Corporation

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Ormat Technologies, Inc. (NYSE:ORA ) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Sam Cohen - IR, Alpha IR Group Doron Blachar - CEO Assi Ginzburg - CFO Smadar Lavi - VP, IR & ESG Planning & Reporting Conference Call Participants Noah Kaye - Oppenheimer Mark Strouse - J.P. Morgan Ryan Levine - Citi Jeff Osborne - Cowen and Company Justin Clare - ROTH Capital Partners Julien Dumoulin-Smith - Bank of America Operator Good morning, and welcome to the Ormat Technologies Third Quarter 2022 Earnings Conference Call.

Ormat Technologies, Inc. (ORA) Q3 2022 Earnings Call Transcript

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Ormat Technologies (ORA) delivered earnings and revenue surprises of 32% and 1.60%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Ormat Technologies (ORA) Q3 Earnings and Revenues Beat Estimates

New Power Plants and Strong Energy Prices Drive Significant Top Line and Operating Income Expansion New Power Plants and Strong Energy Prices Drive Significant Top Line and Operating Income Expansion

Ormat Technologies Reports Third Quarter 2022 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) Q3 Earnings Expected to Decline

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Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2022 Financial Results

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Geothermal power leader Ormat sees a "strong tailwind" from new green energy policies. ORA stock is near a buy point.

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