Key Developments: Ormat Technologies Inc (ORA.N)

ORA.N on New York Stock Exchange

27.69USD
19 Dec 2014
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$-0.02 (-0.07%)
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Latest Key Developments (Source: Significant Developments)

Ormat Technologies, Inc Plans to seek multiple international listings
Wednesday, 10 Dec 2014 05:19pm EST 

Ormat Technologies, Inc:Says in connection with pending transaction, corporation's board of directors approved a decision to list its shares on two international stock exchanges.In addition to its current listing on the New York Stock Exchange (NYSE), one of which will be the Tel Aviv Stock Exchange (TASE).  Full Article

Ormat Technologies, Inc will acquire parent through share exchange
Monday, 10 Nov 2014 05:53pm EST 

Ormat Technologies, Inc:Says that it is entering into a definitive share exchange and plan of merger agreement with its parent entity, Ormat Industries Ltd.Says under this agreement, Ormat Technologies will acquire Ormat Industries through a share exchange that will eliminate OIL's majority ownership interest in, and control of, Ormat Technologies.Says OIL currently holds about 60 pct. of Ormat Technologies' outstanding common stock.  Full Article

Ormat Technologies, Inc raises low end of prior FY 2014 revenue guidance to a range in line with analysts' estimates
Wednesday, 5 Nov 2014 06:00pm EST 

Ormat Technologies, Inc:Sees FY 2014 revenues to be between $550.0 million to $560.0 million.FY 2014 revenue estimates of $554.9 mln - Thomson Reuters I/B/E/S.  Full Article

Ormat Technologies, Inc approves payment of quarterly dividend
Wednesday, 5 Nov 2014 05:48pm EST 

Ormat Technologies, Inc:Says that it has approved the payment of a quarterly dividend of $0.05 per share pursuant to the company's dividend policy, which targets an annual payoff ratio of at least 20 pct. of the company's net income.Says the dividend will be paid on Dec. 4, 2014 to shareholders of record as of closing of business on Nov. 20, 2014.  Full Article

Ormat Technologies Inc signs $22.3 mln contract with uamps for recovered energy generation project
Wednesday, 5 Nov 2014 08:02am EST 

Ormat Technologies Inc:Says that its wholly-owned subsidiary has entered into a $22.3 mln engineering, procurement and construction (EPC) contract with the Utah Associated Municipal Power Systems (UAMPS).Says it will install an air-cooled Ormat Energy Converter at the Kern River Gas Transmission company's Veyo natural gas compressor station in southern Utah.Ormat's energy converter will generate power using heat that would have otherwise gone to waste.  Full Article

Ormat Technologies Inc signs 25-Year PPA and Steam Supply Agreement for 35 MW Menengai Geothermal Project in Kenya
Monday, 3 Nov 2014 09:30am EST 

Ormat Technologies Inc:Says its majority owned Kenyan subsidiary (Project Company) owned by Ormat (51 pct), Symbion Power LLC (24.5 pct) and Civicon Ltd. (24.5 pct), signed a 25-year Power Purchase Agreement (PPA) with Kenya Power and Lighting Co. Ltd (KPLC).Also signed project implementation and steam supply agreement (PISSA) with Geothermal Development Company (GDC) for the 35 MW Menengai geothermal project in Kenya.Under the PISSA agreement, Project Company will finance, design, construct, install, operate and maintain the Menengai steam plant on a build-own-operate (BOO) basis for 25 years.GDC, which is wholly owned by the Government of Kenya, will develop the geothermal resource, supply the steam for conversion to electricity and maintain the geothermal field through the term of the agreement.Under the PPA, KPLC will purchase all the energy generated by the project.Menengai project is expected to benefit from the Partial Risk Guarantee (PRG) arrangement to be provided by the African Development Bank.Moreover, this project is part of the Power Africa initiative promoted by U.S. Government.Project Company expects to start construction upon financial closing.  Full Article

Ormat Technologies Inc reaffirms FY 2014 revenue guidance
Tuesday, 5 Aug 2014 07:30pm EDT 

Ormat Technologies Inc:Says that it reaffirms FY 2014 guidance and expect total revenues to be between $540.0 million to $560.0 million.FY 2014 revenue estimates of $556 mln - Thomson Reuters I/B/E/S.  Full Article

Ormat Technologies Inc approves payment of quarterly dividend
Tuesday, 5 Aug 2014 06:56pm EDT 

Ormat Technologies Inc:Says that it has approved the payment of a quarterly dividend of $0.05 per share pursuant to the company's dividend policy.Says the dividend will be paid on Aug. 28, 2014 to shareholders of record as of closing of business on Aug. 19, 2014.  Full Article

Ormat Technologies Inc announces Sarulla Consortium reached financial closing under $1.17 bln financing agreements
Friday, 23 May 2014 08:00am EDT 

Ormat Technologies Inc:Says Sarulla consortium fulfilled all conditions precedent and reached financial closing allowing the first drawdown under the $1.17 bln financing agreement for the 330 MW project in Indonesia.  Full Article

Ormat Technologies announces quarterly dividend
Thursday, 8 May 2014 04:49pm EDT 

Ormat Technologies Inc:Declares payment of a quarterly dividend of $0.05 per share.Payable on May 30 to shareholders of record as of closing of business on May 21.  Full Article

Deals of the day- Mergers and acquisitions

(Adds IBM, Ormat Technologies, Fiat Chrysler, Advent International, Banca Carige, E.ON, Orbital Sciences)

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