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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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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RENO, Nev., May 19, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced the execution of two Power Purchase Agreements (PPAs) between two of its subsidiaries and NV Energy. Under the first PPA, signed in 2021, NV Energy will purchase 25 MW of power over 25 years generated by the North Valley Geothermal Project, a new facility expected to come online by early 2023. Additionally, NV Energy will purchase up to 135 MW of power generated by a portfolio of the Company's new and existing geothermal power plants under a PPA signed this week. Both PPAs are subject to the Nevada Public Utility Commission's approval.

Ormat Technologies Signs Two PPAs With NV Energy for Up to 160 MW of Geothermal Capacity

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Ormat Technologies, Inc. (NYSE:ORA ) Q1 2022 Earnings Conference Call May 3, 2022 8:30 AM ET Company Participants Samuel Cohen – Alpha IR Group 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 & Co. Julien Dumoulin-Smith – Bank of America Operator Hello, everyone and welcome to the Ormat Technologies First Quarter 2022 Earnings Call. My name is Victoria and I'll be coordinating your call today.

Ormat Technologies' (ORA) CEO Doron Blachar on Q1 2022 Results - Earnings Call Transcript

Ormat Technologies (ORA) delivered earnings and revenue surprises of 9.38% and 5.46%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Ormat Technologies (ORA) Tops Q1 Earnings and Revenue Estimates

Company Delivers Strong First Quarter Results Driven by Growth in Electricity Segment Company Delivers Strong First Quarter Results Driven by Growth in Electricity Segment

Ormat Technologies Reports First Quarter 2022 Financial Results

Ormat Technologies provides geothermal and alternative energy solutions to various countries across the globe. The alternative and clean energy industries experienced rapid growth and are set to continue as world economies battle climate change.

Ormat Technologies: A Cleaner And Profitable Future

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RENO, Nev., April 14, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today that it has signed a 15-year power purchase agreement (PPA) with Peninsula Clean Energy, a Community Choice Aggregator that provides more than 3,500 gigawatt hours of electricity to San Mateo County and the City of Los Banos. Under the terms of the agreement approved by Peninsula Clean Energy's Board of Directors, effective January 1, 2023, the CCA will purchase 26 MW of clean, renewable energy from Ormat's Heber 2 geothermal facility located in Imperial Valley, CA.

Ormat Technologies Signs 15-Year Power Purchase Agreement With Peninsula Clean Energy for Heber 2 Geothermal Facility

CALL WILL BE WEBCAST SIMULTANEOUSLY CALL WILL BE WEBCAST SIMULTANEOUSLY

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

Ormat Technologies (ORA) reported earnings 30 days ago. What's next for the stock?

Ormat Technologies (ORA) Up 12.7% Since Last Earnings Report: Can It Continue?

RENO, Nev., March 25, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced that the Company will host its investor day event on March 30, 2022. The event will begin at 9:00 a.m. Eastern Time, in New York City.

Ormat Technologies to Host Investor Day

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Ormat Technologies, Inc. (ORA) CEO Doron Blachar on Q4 2021 Results - Earnings Call Transcript

2022 Outlook Reflects Meaningful Revenues and Adjusted EBITDA Growth 2022 Outlook Reflects Meaningful Revenues and Adjusted EBITDA Growth

Ormat Technologies Reports Fourth Quarter and Year-End 2021 Financial Results

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RENO, Nev., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading vertically integrated geothermal energy and recovered energy power company businesses, today announced that it plans to announce its fourth quarter and year-end 2021 financial results in a press release that will be issued on Wednesday, February 23, 2022, after the market closes. In conjunction with this report, the Company will host a conference call and webcast to discuss its financial results and growth expectations at 10 a.m. ET on Thursday, February 24, 2022.

Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-end 2021 Financial Results

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Ormat Technologies (ORA) generates revenues of $158.8 million, lagging the Zacks Consensus Estimate by 1.6%. Moreover, the top line slipped 0.1% on a year-over-year basis.

News for Ormat Technologies Stock (ORA)