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Ormat Technologies Inc (ORA.N)

ORA.N on New York Stock Exchange

57.92USD
23 May 2017
Change (% chg)

$0.33 (+0.57%)
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Latest Key Developments (Source: Significant Developments)

Migdal Insurance & Financial Holdings reports 9.89 pct passive stake in Ormat Technologies
Monday, 15 May 2017 06:12am EDT 

May 15 (Reuters) - Ormat Technologies Inc :Migdal Insurance & Financial Holdings Ltd reports 9.89 percent passive stake in Ormat Technologies Inc, as of May 10, 2017 - SEC filing.  Full Article

Ormat Technologies says Orix Corp to acquire 22% stake in Ormat for about $627 mln
Thursday, 4 May 2017 11:38am EDT 

May 4 (Reuters) - Ormat Technologies Inc ::Orix to acquire 22 percent ownership stake in Ormat from FIMI and Bronicki Investments and simultaneously enter into strategic partnership with Ormat.Orix will acquire an approximately $627 million ownership stake in Ormat.Under related agreements, Orix will have right to designate three persons to be appointed to an expanded nine-person Ormat board.In addition, Ormat will have certain rights to serve as technical partner and co-invest in Orix Geothermal Energy projects in Japan.Under terms company to have exclusive rights to develop, own, operate, provide equipment for Orix Geothermal Energy projects in markets outside Japan.A special committee of Ormat board of directors was formed to evaluate and negotiate shareholder arrangements proposed by Orix.Orix to purchase about 11.0 million shares of co from FIMI ENRG Limited Partnership, FIMI ENRG, Bronicki Investments, senior members of management.Orix to propose fourth person to be mutually agreed by co, Orix to serve as new independent director on Ormat board.Says per share sale price to be paid by Orix at closing is $57.Says Orix will acquire approximately 22.1 percent ownership position in Ormat.  Full Article

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

More From Around the Web

BRIEF-Migdal Insurance & Financial Holdings reports 9.89 pct passive stake in Ormat Technologies

* Migdal Insurance & Financial Holdings Ltd reports 9.89 percent passive stake in Ormat Technologies Inc, as of May 10, 2017 - SEC filing Source: (http://bit.ly/2rh3ZdE) Further company coverage: