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Ormat Technologies Inc (ORA.N)

ORA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ORMAT TECHNOLOGIES QTRLY EPS $0.56
Tuesday, 28 Feb 2017 05:00pm EST 

Ormat Technologies Inc : ORMAT TECHNOLOGIES REPORTS ANOTHER YEAR WITH RECORD REVENUE OF $663.0 MILLION UP 11.4% OVER PRIOR YEAR . ORMAT TECHNOLOGIES INC QTRLY ADJUSTED EPS $ 0.56 . ORMAT TECHNOLOGIES INC QTRLY EPS $ 0.56 . ORMAT TECHNOLOGIES INC SEES FULL-YEAR 2017 TOTAL REVENUES BETWEEN $680.0 MILLION AND $700.0 MILLION . ORMAT TECHNOLOGIES INC SEES 2017 ADJUSTED EBITDA BETWEEN $340 MILLION AND $350 MILLION FOR FULL YEAR . ORMAT TECHNOLOGIES INC SEES 2017 ELECTRICITY SEGMENT REVENUES BETWEEN $460.0 MILLION AND $470.0 MILLION . ORMAT TECHNOLOGIES INC SEES 2017 PRODUCT SEGMENT REVENUES BETWEEN $220.0 MILLION AND $230.0 MILLION . FY2017 REVENUE VIEW $670.5 MILLION -- THOMSON REUTERS I/B/E/S . ORMAT TECHNOLOGIES INC QTRLY TOTAL REVENUES $166.5 MILLION VERSUS $171.1 MILLION .Q4 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $148.9 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Ormat Technologies says no discussions for sale of company or its business
Tuesday, 28 Feb 2017 02:16am EST 

Ormat Technologies Inc : Ormat technologies inc. Responds to press reports about potential transaction .Clarifies that there are no discussions for sale of company or its business.  Full Article

Ormat Technologies Inc says initial consideration for acquisition is $35 mln
Tuesday, 3 Jan 2017 07:00am EST 

Ormat Technologies Inc : Ormat Technologies inc - initial consideration for acquisition is $35 million . Ormat technologies inc - entered into a definitive agreement to acquire substantially all of business and assets of viridity energy, inc . Ormat - additional contingent consideration will be payable upon achievement of certain milestones measured at end of fiscal years 2017 and 2020 .Ormat technologies inc - expect viridity to generate a positive operating income in 2017.  Full Article

Ormat Technologies's unit concluded & signed $36 million engineering, procurement and construction contract with a unit of Cyrq energy
Tuesday, 6 Dec 2016 07:30am EST 

Ormat Technologies Inc :Co's unit concluded & signed $36 million engineering, procurement and construction contract with a unit of Cyrq energy.  Full Article

Ormat Tech says expect 2016 adjusted EBITDA between $310 mln and $320 mln
Tuesday, 2 Aug 2016 05:00pm EDT 

Ormat Technologies Inc : Ormat technologies inc qtrly total revenues of $159.9 million, up 13.8% compared to q2 of 2015 . Ormat technologies reports a double-digit growth in revenues, net income, and adjusted ebitda in the second quarter . Ormat technologies inc q2 shr $0.49 . Ormat technologies inc q2 revenue $159.9 mln vs i/b/e/s view $152.9 mln . Ormat technologies inc q2 shr view $0.42 -- thomson reuters i/b/e/s . Ormat technologies inc sets quarterly dividend of $0.07/shr . Ormat technologies inc - reiterate our revenue guidance and expect full-year 2016 total revenue of between $620 mln and $640 mln .Ormat technologies inc says now expect 2016 adjusted ebitda of between $310 mln and $320 mln for full year.  Full Article

Ormat Technologies, Inc signs definitive agreements to acquire Geothermal Power Plant in the Island of Guadeloupe
Monday, 14 Mar 2016 08:00am EDT 

Ormat Technologies, Inc:Says signed an Investment Agreement and Shareholders Agreement with Sageos holding to acquire, 85% of Geothermie Bouillante SA.Says expected in second quarter, Ormat will pay approximately EUR22 million to Sageos for 79.6% equity interest in GB.Says Ormat is committed to further invest EUR10 million during the first two years, which will increase its equity interest to 85%.Says cash will be used mainly for the enhancement of the power plant.  Full Article

Ormat to acquire Geothermal Power Plant in the Island of Guadeloupe
Monday, 7 Dec 2015 06:00am EST 

Ormat Technologies, Inc:Says it has signed a binding Memorandum of Understanding (MOU) to acquire, gradually, 85% of Geothermie Bouillante SA (GB) at a total company enterprise value of up to around EUR52 million (approximately $56 million).MOU was signed with the owner of GB, Sageos holding (Sageos), a fully owned subsidiary of Bureau de Recherches Géologiques et Minières (BRGM), the French geological survey.Upon closing, Ormat will hold approximately 80% of GB which will be increased to 85% within two years by capital investment agreed upon in the MOU.  Full Article

Ormat Technologies Inc and Toshiba Corp sign strategic collaboration agreement
Wednesday, 14 Oct 2015 01:00pm EDT 

Ormat Technologies Inc and Toshiba Corp:Says both companies have signed a strategic collaboration agreement to develop strategic opportunities for collaboration in the areas of geothermal power generation systems and related equipment.Says first project expected to be implemented under this collaboration is the menengai geothermal project in Kenya.Says parties have already initiated negotiations on the supply agreement and the plant design is at an advanced stage.Says project expected to be operated by the Ormat - symbion power llc - civicon ltd consortium, majority owned by Ormat.Says parties are analyzing global prospects for upcoming,potential projects to submit applications for geothermal power plants.  Full Article

Ormat Technologies Inc declares dividend
Monday, 3 Aug 2015 05:00pm EDT 

Ormat Technologies Inc:Declared a quarterly dividend of $0.06 per share for the second quarter of 2015.Dividend will be paid on Sept. 2, 2015 to shareholders of record as of the close of business on Aug. 18, 2015.  Full Article

Ormat Technologies Inc reiterates FY 2015 guidance
Monday, 3 Aug 2015 05:00pm EDT 

Ormat Technologies Inc:Reiterates FY 2015 revenue guidance and expect electricity segment revenues to be between $380.0 million and $390.0 million, and product segment revenues to be between $180.0 million and $190.0 million.Reiterates FY 2015 Adjusted EBITDA guidance of $280.0 to $290.0 million.FY 2015 revenue of $570 million - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Ormat Technologies unit enters into an agreement with Southern California Public Power Authority

* Unit entered into 25-year power purchase agreement with southern california public power authority to deliver electricity