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Ormat Technologies Inc (ORA.N)

ORA.N on New York Stock Exchange

55.71USD
18 Aug 2017
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$0.10 (+0.18%)
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Latest Key Developments (Source: Significant Developments)

Ormat Technologies Q2 earnings per share $0.69
Thursday, 3 Aug 2017 06:26am EDT 

Aug 3 (Reuters) - Ormat Technologies Inc ::Ormat technologies reports 2017 second quarter earnings.Q2 adjusted earnings per share $0.58.Q2 earnings per share $0.69.Q2 revenue $179.4 million versus i/b/e/s view $169.8 million.Q2 earnings per share view $0.55 -- Thomson Reuters I/B/E/S.Ormat technologies inc - ‍expect 2017 adjusted ebitda between $340 million and $350 million for full year​.Ormat technologies inc says reiterate guidance and expect full-year 2017 total revenues between $680.0 million and $700.0 million.Ormat technologies inc - ‍qtr-end product segment backlog $192.0 million​.Fy2017 revenue view $692.0 million -- Thomson Reuters I/B/E/S.  Full Article

Ormat secures first portfolio power purchase agreement for 150 MW of geothermal capacity
Thursday, 1 Jun 2017 08:30am EDT 

June 1 (Reuters) - Ormat Technologies Inc :Ormat secures first portfolio PPA for 150 MW of geothermal capacity with SCPPA.Receipt of final approval required for execution of power purchase agreement between unit, Southern California Public Power Authority.Energy deliveries under portfolio PPA are expected to start in Q4 2017; entire portfolio is expected to be on line by end of 2022.Portfolio PPA is for a term of approximately 26 years, expiring in December 31, 2043 and has a fixed price of $75.50 per MWH.  Full Article

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