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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 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 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

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's Orandina I S.p.A., signs $98.8 mln EPC contract for Geothermal Project in Chile
Thursday, 7 May 2015 08:15am EDT 

Ormat Technologies Inc:Says its wholly owned subsidiary, Orandina I S.p.A., was selected through a competitive bid process and signs $98.8 million engineering, procurement and construction (EPC) contract for a geothermal project in Chile.Under the EPC contract, Ormat will provide two air-cooled ORMAT ENERGY CONVERTER (OEC) for high enthalpy reservoir.The project is scheduled to be completed by mid-2017.  Full Article

Ormat Technologies, Inc reiterates FY 2015 guidance
Wednesday, 6 May 2015 05:00pm EDT 

Ormat Technologies, Inc:Reiterates FY 2015 revenue guidance despite current oil and natural gas prices, which translates to a $26.6 million reduction in revenues compared to last year.Expects the 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 for FY 2015, which is also impacted by current oil and natural gas prices.  Full Article

Ormat Technologies, Inc declares quarterly dividend; gives FY 2015 EBITDA guidance
Tuesday, 24 Feb 2015 07:50pm EST 

Ormat Technologies, Inc:Says that it has declared a quarterly dividend of $0.08 per share for the fourth quarter of 2014.For FY 2015, it expect to generate Adjusted EBITDA of $280.0 to $290.0 million.  Full Article

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

BRIEF-Ormat Technologies to pay $11 mln in settlement claims

* Reached agreement in principle on a proposed settlement with certain former employees of co to settle claims brought by such relators against co