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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NextEra Energy

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

New Contracts Highlight Ormat's Ability to Capture Opportunities in the Attractive Geothermal Markets of Indonesia and New Zealand to Rebuild Its Product Segment Backlog New Contracts Highlight Ormat's Ability to Capture Opportunities in the Attractive Geothermal Markets of Indonesia and New Zealand to Rebuild Its Product Segment Backlog

Ormat Secures $100 Million Supply and EPC Contracts in New Zealand and Indonesia

Constellation Energy Corp

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

Ormat Technologies, Inc. (NYSE:ORA ) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Sam Cohen - Investor Relations Doron Blachar - Chief Executive Officer Assi Ginzburg - Chief Financial Officer Smadar Lavi - Vice President, Investor Relations and ESG Planning & Reporting Conference Call Participants Noah Kaye - Oppenheimer Mark Strouse - JPMorgan Operator Good morning and welcome to the Ormat Technologies Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded.

Ormat Technologies, Inc. (ORA) CEO Doron Blachar on Q2 2022 Results - Earnings Call Transcript

Ormat Technologies (ORA) delivered earnings and revenue surprises of 4.76% and 5.52%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Ormat Technologies (ORA) Beats Q2 Earnings and Revenue Estimates

Strategic Portfolio Additions and Capacity Expansions, Together With Improved Operations Drive Significant Operating Income and Adjusted EBITDA Growth Strategic Portfolio Additions and Capacity Expansions, Together With Improved Operations Drive Significant Operating Income and Adjusted EBITDA Growth

Ormat Technologies Reports Second Quarter 2022 Financial Results

Geothermal energy and solar power play Ormat Technologies is heating up a double-bottom buy point with earnings due. The post Geothermal Energy Play Heats Up Solar Expansion And New Buy Point appeared first on Investor's Business Daily.

Geothermal Energy Play Heats Up Solar Expansion And New Buy Point

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

Geothermal Facility Will Utilize Ormat's Binary Technology to Further Reduce Greenhouse Gas Emissions and Decarbonize the California Power Grid Geothermal Facility Will Utilize Ormat's Binary Technology to Further Reduce Greenhouse Gas Emissions and Decarbonize the California Power Grid

Ormat Commences Commercial Operation of the 30MW CD4 Geothermal Project

Flexible Solutions

LGL Group

Rio Tinto plc Sponsored

Turquoise Hill Resources

A discussion of atypical 2022 VBR winners and losers is laid out. Several potential trading strategies are explored.

Volume Breakout Report: July 9, 2022

Brookfield Renewable Partners

Clearway Energy

First Solar

Hannon Armstrong Sustainable Infrastructure Capital

TotalEnergies SE

Climate change concerns have accelerated the shift from fossil fuels to green energy sources, putting the best renewable energy stocks in the limelight. The post 7 Best Renewable Energy Stocks to Buy in July 2022  appeared first on InvestorPlace.

7 Best Renewable Energy Stocks to Buy in July 2022

CALL WILL BE WEBCAST SIMULTANEOUSLY CALL WILL BE WEBCAST SIMULTANEOUSLY

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

Ligand Pharmaceuticals

Radius Global Infrastructure Inc

Zalando SE

Just like picking up stocks with strong growth potential, pinpointing toxic stocks and abandoning them at the right time hold the key to protecting your portfolio from big losses.

Sever Your Ties With These 4 Toxic Stocks to Ward Off Losses

Ormat Technologies (ORA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Ormat Technologies (ORA) Stock Jumps 5.9%: Will It Continue to Soar?

Encompass Health

Stride

Neenah

S&P Global

Schweitzer-Mauduit

Southwestern Energy

NEW YORK , June 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: S&P SmallCap 600 constituent Omnicell Inc (NASD: OMCL) will replace Coherent Inc. (NASD: COHR) in the S&P MidCap 400, and Stride Inc (NYSE: LRN) will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent II-VI Inc. (NASD: IIVI) is acquiring Coherent in a deal expected to be completed on July 1, pending final closing conditions.

Omnicell, Southwestern Energy and Ormat Technologies Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

RENO, Nev., June 22, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Company” or “Ormat”) announced today that it priced an upsized private offering of $375.0 million aggregate principal amount of 2.50% Green Convertible Senior Notes due 2027 (the “Notes”). The Notes will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted to the initial purchasers an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $56.25 million aggregate principal amount of Notes. The sale is expected to close on June 27, 2022, subject to satisfaction of the conditions to closing.

Ormat Technologies, Inc. Announces Pricing of Upsized $375 Million Offering of Green Convertible Senior Notes

Ormat Technologies, Inc (NYSE: ORA) plans to offer a $350 million aggregate principal amount of Green Convertible Senior Notes due 2027 in a private offering. The notes will mature on July 15, 2027; interest will be payable semiannually in arrears on January 15 and July 15 of each.

Ormat Technologies Shares Slip On Offer To Raise $350M Via Private Convertible Senior Notes

RENO, Nev., June 21, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Company” or “Ormat”) announced today its intention to offer $350 million aggregate principal amount of Green Convertible Senior Notes due 2027 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions and other factors. The Company also expects to grant to the initial purchasers an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $52.5 million aggregate principal amount of Notes.

Ormat Technologies, Inc. Announces Proposed Offering of $350 Million of Green Convertible Senior Notes

Ormat Technologies (ORA) commences the operation of its 5 MW/20 MWh Tierra Buena facility in California, thus further boosting its energy storage portfolio.

Ormat (ORA) 3rd BESS Facility Starts Operation in California

Battery Energy Storage Facility Will Help to Further Reduce Greenhouse Gas Emissions and Increase the Usage of Renewable Electricity Sources Within the California Power Grid Battery Energy Storage Facility Will Help to Further Reduce Greenhouse Gas Emissions and Increase the Usage of Renewable Electricity Sources Within the California Power Grid

Ormat Commences Commercial Operation of the 5 MW/20 MWh Tierra Buena Battery Energy Storage Facility in California

Brenmiller Energy Ltd

ConocoPhillips

Marathon Oil

NuScale Power Corp

Sunoco

Exxon Mobil

With power demands soaring, it's time to just take what the market is giving you and consider the best energy stocks to buy. The post 7 Best Energy Stocks to Buy for June 2022 appeared first on InvestorPlace.

7 Best Energy Stocks to Buy for June 2022

Albemarle

Warren Buffett's Berkshire Hathaway is one of the "prospectors" in California's Lithium Valley.

A Lithium Rush Is On at California's Salton Sea: Who Are the Players?

RENO, Nev., June 03, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) (“Ormat,” the “Company,” “we” or “us”) today announced the election at its annual meeting of stockholders, held on June 2, 2022, of Michal Marom and Karin Corfee to the Company's Board of Directors, effective immediately. Ms. Marom will also serve as the Chair of the Audit Committee and a member of the Compensation Committee. Ms. Marom and Ms. Corfee will replace the departing Board members Dan Falk and Albertus Bruggink, respectively. With these new additions, one third of Ormat's Board of Directors will be represented by women.

Ormat Technologies Appoints Two New Independent Directors to the Company's Board

PPA agreement highlights Ormat's growing development of renewable power projects in California and Nevada regions PPA agreement highlights Ormat's growing development of renewable power projects in California and Nevada regions

News for Ormat Technologies Stock (ORA)