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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Ormat Commenced Commercial Operation of Eight Assets Under Both the Energy Storage and Electricity Segments and Met Its Growth Target for the First Half of 2023 Ormat Commenced Commercial Operation of Eight Assets Under Both the Energy Storage and Electricity Segments and Met Its Growth Target for the First Half of 2023

Ormat Commences Commercial Operation of Two New Battery Storage Facilities for 43MW/43MWh of Cumulative Capacity

RENO, Nev., June 20, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (Ormat), a leading geothermal, energy storage, photovoltaic (PV), solar and recovered energy power company, today announced the signing of agreements with Eastland Generation Limited (EGL) to build a 50MW power plant in New Zealand. EGL is a subsidiary of Eastland Group Limited and a regional infrastructure company. This agreement strengthens Ormat's presence in the thriving New Zealand market and supports the country's growing electricity needs while advancing its greenhouse gas emissions reduction efforts.

Ormat Signs Agreements To Develop 50MW Geothermal Power Plant In New Zealand

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Investors interested in Alternative Energy - Other stocks are likely familiar with Cosan (CSAN) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?

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

RENO, Nev., May 30, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies (NYSE: ORA), a leading geothermal, energy storage, photovoltaic (PV) solar and recovered energy power company, today announced the successful resumption of operations at the Heber 1 power plant in California. This achievement comes after the plant temporarily shut down due to a fire incident that occurred in February 2022. This significant milestone is a testament to Ormat's operational execution and its commitment to providing reliable and sustainable energy solutions to communities in California.

Ormat Resumes Operation at Its Heber 1 Power Plant in California and Completes Expansion of the Dixie Valley Power Plant in Nevada

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Ormat Technologies' (ORA) revenues of $185.2 million miss the Zacks Consensus Estimate by 12.8%. The top line rises 0.8% on a year-over-year basis.

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

Ormat Technologies, Inc. (NYSE:ORA ) Q1 2023 Results Conference Call May 23, 2023 9:00 AM ET Company Participants Alec Steinberg - Alpha IR Doron Blachar - CEO Assi Ginzburg - CFO Smadar Lavi - VP, IR and ESG Planning and Reporting Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH MKM Julien Dumoulin-Smith - Bank of America Jeffrey Osborne - TD Cowen Operator Good morning and welcome to the Ormat Technologies' First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Ormat Technologies, Inc. (ORA) Q1 2023 Earnings Call Transcript

Ormat Technologies (ORA) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.35 per share a year ago.

Ormat Technologies (ORA) Q1 Earnings Top Estimates

Continued Growth in Electricity Segment and Benefits From Inflation Reduction Act Drove Significant Expansion in Earnings and Adjusted EBITDA Continued Growth in Electricity Segment and Benefits From Inflation Reduction Act Drove Significant Expansion in Earnings and Adjusted EBITDA

Ormat Technologies Reports First Quarter 2023 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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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Investors interested in stocks from the Alternative Energy - Other sector have probably already heard of Clearway Energy (CWEN) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?

CWEN or ORA: Which Is the Better Value Stock Right Now?

RENO, Nev., April 10, 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 first quarter 2023 financial results in a press release that will be issued on Tuesday, May 09, 2023, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 09:00 a.m. ET on Wednesday, May 10, 2023.

Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2023 Financial Results

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RENO, Nev., March 14, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today that it has priced its previously announced underwritten public offering of 3,600,000 shares of its common stock. The offering is expected to close on March 16, 2023, subject to the satisfaction of customary closing conditions.

Ormat Announces Pricing of Public Offering of Common Stock

RENO, Nev., March 14, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today the launch of an underwritten public offering of 3,600,000 shares of its common stock. The underwriter will have a 30-day option to purchase up to an additional 540,000 shares of its common stock.

Ormat Announces Launch of Public Offering of Common Stock

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

Ormat Technologies operates in the geothermal energy industry. The company offers solutions on reuse and storage through traditional systems and solar panels. The company reported a backlog of $148.1 million, which represents an increase of 177% as compared to Q4 2021.

Ormat Technologies: New Geothermal Projects, Good Guidance, And Undervalued

Shares of Ormat Technologies Inc (NYSE: ORA) are trading up this morning after a UBS analyst turned bullish on the renewable energy company. Ormat stock is trading at a discount On Tuesday, Jon Windham upgraded the Reno-headquartered firm to “buy” and raised his price target to $105 – a 25% premium on its previous close.

This under-the-radar renewable energy stock could rally 25%

Ormat Technologies (ORA) generates fourth-quarter revenues of $205.2 million, which exceed the Zacks Consensus Estimate by 3.9%. Moreover, the top line increases 7.6% on a year-over-year basis.

Ormat Technologies (ORA) Q4 Earnings Top, Revenues Rise Y/Y

Ormat Technologies, Inc. (NYSE:ORA ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants Sam Cohen - Alpha IR Doron Blachar - CEO Assaf Ginzburg - CFO Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH MKM Jeffrey Osborne - Cowen and Company Julien Dumoulin-Smith - Bank of America Merrill Lynch Ryan Levine - Citigroup Operator Good morning, everyone, and welcome to the Ormat Technologies' Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions].

Ormat Technologies, Inc. (ORA) Q4 2022 Earnings Call Transcript

Ormat Technologies (ORA) delivered earnings and revenue surprises of 52.08% and 3.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Ormat Technologies (ORA) Q4 Earnings and Revenues Top Estimates

2023 Outlook Reflects Highest Total Revenue Ever and Record Adjusted EBITDA Growth 2023 Outlook Reflects Highest Total Revenue Ever and Record Adjusted EBITDA Growth

Ormat Technologies Reports Fourth Quarter and Year-End 2022 Financial Results

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