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

Earnings data Q2 2021

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Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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Ormat Technologies (ORA) delivered earnings and revenue surprises of 9.52% and -0.35%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Ormat Technologies (ORA) Surpasses Q2 Earnings Estimates

Shares of Ormat Technologies (NYSE:ORA) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 48.89% year over year to $0.23, which missed the estimate of $0.25.

Ormat Technologies: Q2 Earnings Insights

Continues to Deliver Top Line Growth in Electricity and Energy Storage Segments

Ormat Technologies Reports Second Quarter 2021 Financial Results

TORONTO, Aug. 4, 2021 /PRNewswire/ - Polaris Infrastructure Inc. (TSX: PIF) ("Polaris Infrastructure" or the "Company"), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, is pleased to announce that it has signed a definitive agreement with a wholly subsidiary ("Ormat) of Ormat Technologies Inc. (NYSE: ORA) for the supply of a 10 MW (net) Binary Unit at its San Jacinto facility in Nicaragua (the "Agreement"). The additional Binary Unit is in response to Polaris' previously announced December 2020 extension of the Power Purchase Agreement in Nicaragua, which extended its term to 2039, and allowed for additional capacity through the inclusion of a Binary Unit.

Polaris Infrastructure Signs Binary Unit Contract

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

Ormat Technologies is planning to expand its electricity-generating capacity substantially by 2023. Energy storage could be a growth opportunity for Ormat Technologies.

Ormat Technologies: Electricity Segment Growth And Energy Storage Potential

RENO, Nev., July 14, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) announces that it has closed the previously announced acquisition of TG Geothermal Portfolio, LLC, paying $171 million for 100% of the equity interests and assumed debt and associated lease obligations with a book value of approximately $206 million as of June 30, 2021.

Ormat Completed the Acquisition of TG Geothermal Portfolio, LLC; Increasing Its Total Operating Portfolio to 1.1 GW

Call Will Be Webcast Simultaneously Call Will Be Webcast Simultaneously

Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2021 Financial Results

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Contract Award Signals Markets Reopening Post-Covid Contract Award Signals Markets Reopening Post-Covid

Ormat Signed a New Product Segment Supply Contract in Indonesia Supporting Its Backlog

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RENO, Nev., June 07, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) announced the completion of the expansion of its McGinness Hills Phase 3 geothermal power plant in Eastern Nevada. The expansion increases the power plant net capacity to approximately 69 MW, bringing the entire McGinness Hills complex capacity to a total of approximately 160 MW.

Ormat Completes McGinness Hills Complex Expansion

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Ormat Technologies, Inc. (NYSE:ORA) shares are trading higher after the company announced it will acquire contracted geothermal assets in Nevada and a transmission line connecting Nevada with California for a total estimated consideration of $377 million. Ormat Technologies derives approximately 80% of its revenue from building and operating geothermal plants and the rest from manufacturing geothermal and recovered energy equipment.

What's Up With Ormat Technologies Stock Today?

NEW YORK--(BUSINESS WIRE)-- #ORA--Scott+Scott Attorneys at Law LLP Investigates Ormat Technologies, Inc.'s Directors and Officers for Breach of Fiduciary Duties – ORA

Scott+Scott Attorneys at Law LLP Investigates Ormat Technologies, Inc.'s Directors and Officers for Breach of Fiduciary Duties – ORA

RENO, Nev., May 24, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it has entered into a purchase agreement with TG Geothermal Portfolio, LLC (a subsidiary of Terra-Gen, LLC) to acquire two contracted geothermal assets in Nevada with a total net generating capacity of 67.5 MW (net), a greenfield development asset adjacent to one of the plants, and an underutilized transmission-line. The acquisition is expected to close in the second half of 2021, subject to regulatory and other customary closing conditions.

Ormat to Acquire Contracted Operating Geothermal Assets in Nevada and a Transmission Line Connecting Nevada With California for Total Estimated Consideration of $377M

Ormat Technologies (ORA) has plans to expand geothermal operation in the United States. It has recently entered into a 15-year PPA with Clean Power Alliance.

Ormat (ORA) Signs Long-Term Deal With Clean Power Alliance

Ormat Technologies (ORA) Q1 revenues of $166.4 million exceed the Zacks Consensus Estimate by 0.4% but decline13.4% on a year-over-year basis.

Ormat Technologies (ORA) Q1 Earnings Top, Revenues Fall Y/Y

First PPA With Clean Power Alliance (CPA), With Potential for Additional Agreements in the Future First PPA With Clean Power Alliance (CPA), With Potential for Additional Agreements in the Future

Ormat Signs 15-Year Power Purchase Agreement With Clean Power Alliance for Heber South Geothermal Facility

Ormat Technologies' (ORA) CEO Doron Blachar on Q1 2021 Results - Earnings Call Transcript

Ormat Technologies (ORA) delivered earnings and revenue surprises of 16.67% and 0.38%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Ormat Technologies (ORA) Surpasses Q1 Earnings and Revenue Estimates

CONTINUE TO DELIVER REVENUE GROWTH AT BOTH ELECTRICITY AND ENERGY STORAGE SEGMENTS REITERATE 2021 ANNUAL ADJUSTED EBITDA GUIDANCEINCREASED ENERGY STORAGE PIPELINE TO 2 GW

Ormat Technologies Reports First Quarter 2021 Financial Results

Ormat Technologies (ORA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ormat Technologies (ORA) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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