Edition:
United States

Ormat Technologies Inc (ORA.N)

ORA.N on New York Stock Exchange

52.53USD
3:09pm EDT
Change (% chg)

$0.54 (+1.04%)
Prev Close
$51.99
Open
$51.89
Day's High
$52.53
Day's Low
$51.88
Volume
29,991
Avg. Vol
99,105
52-wk High
$70.66
52-wk Low
$50.44

Latest Key Developments (Source: Significant Developments)

Ormat Technologies Co's Unit Enters Into Partnership Deal With A Private Investor
Tuesday, 22 May 2018 05:00pm EDT 

May 22 (Reuters) - Ormat Technologies Inc ::ORMAT TECHNOLOGIES-CO'S UNIT THAT INDIRECTLY OWNS 26 MW TUNGSTEN MOUNTAIN GEOTHERMAL POWER PLANT ENTERED INTO PARTNERSHIP DEAL WITH A PRIVATE INVESTOR.ORMAT TECHNOLOGIES INC - AS PER DEAL WITH CO'S UNIT, PRIVATE INVESTOR ACQUIRED MEMBERSHIP INTERESTS IN PROJECT FOR ABOUT $33.4 MILLION.ORMAT TECHNOLOGIES - CO WILL CONTINUE TO OPERATE, MAINTAIN POWER PLANT & WILL RECEIVE ALL DISTRIBUTABLE CASH FLOW GENERATED BY POWER PLANT.  Full Article

Ormat Technologies Says Will Restate Q2, Q3 And Q4 And Full-Year 2017 Financial Statements
Wednesday, 16 May 2018 07:38am EDT 

May 16 (Reuters) - Ormat Technologies Inc ::ORMAT TECHNOLOGIES SAYS WILL RESTATE Q2, Q3 AND Q4 FINANCIAL STATEMENTS AND FULL-YEAR 2017 FINANCIAL STATEMENTS - SEC FILING.ORMAT TECHNOLOGIES - DECISION TO RESTATE FINANCIAL STATEMENTS IS BASED ON CONCLUSION THAT THERE WERE ERRORS IN INCOME TAX PROVISION.ORMAT TECHNOLOGIES - FURTHER DELAYING FILING OF QUARTERLY REPORT ON FORM 10-Q FOR Q1 2018 WITH SEC.ORMAT TECHNOLOGIES INC - RESTATEMENT EXPECTED TO IMPACT INCOME TAX (PROVISION) BENEFIT LINE ITEM IN CO'S STATEMENTS OF OPERATIONS.ORMAT TECHNOLOGIES INC - CO'S CONCLUSION THAT THERE WERE ERRORS IN INCOME TAX PROVISION PRIMARILY RELATING TO COS VALUATION ALLOWANCE.ORMAT TECHNOLOGIES - RELATED TO RESTATEMENT OF STATEMENTS, TO MAKE REVISIONS TO ITEMS IN CERTAIN QTRLY FINANCIAL STATEMENTS FOR 2016, 2015.ORMAT TECHNOLOGIES INC - RESTATEMENT IS EXPECTED TO IMPACT INCOME TAX (PROVISION) BENEFIT LINE ITEM IN COMPANY S STATEMENTS OF OPERATIONS.  Full Article

Ormat Says "Low Risk" Of Surface Lava Impacting Or Making Its Way To Puna Facility In Hawaii
Tuesday, 15 May 2018 06:03pm EDT 

May 15 (Reuters) - Ormat Technologies Inc ::ORMAT PROVIDES AN UPDATE ON THE PUNA POWER PLANT IN HAWAII FOLLOWING THE KILAUEA VOLCANIC ERUPTION.ORMAT TECHNOLOGIES INC - SHUTTING DOWN ALL GEOTHERMAL WELLS TO SECURE PUNA FACILITIES IN ACCORDANCE WITH EMERGENCY RESPONSE PLAN.ORMAT TECHNOLOGIES INC - CURRENTLY THERE IS NO PHYSICAL DAMAGE TO PUNA FACILITIES ABOVE-GROUND.ORMAT TECHNOLOGIES - TAKING ELECTRICITY GENERATION OFFLINE TO SECURE PUNA FACILITIES IN ACCORDANCE WITH EMERGENCY RESPONSE PLAN.ORMAT TECHNOLOGIES INC - THERE IS "LOW RISK" OF SURFACE LAVA IMPACTING OR MAKING ITS WAY TO PUNA FACILITY.  Full Article

Ormat's Viridity To Begin Construction Of 40MWh Energy Storage Systems In New Jersey
Monday, 16 Apr 2018 05:00pm EDT 

April 16 (Reuters) - Ormat Technologies Inc ::ORMAT'S VIRIDITY TO BEGIN CONSTRUCTION OF 40MWH ENERGY STORAGE SYSTEMS IN NEW JERSEY.ORMAT TECHNOLOGIES INC - PROJECTS WERE INITIATED BY ORMAT'S VIRIDITY AND ARE EXPECTED TO BE OPERATIONAL IN Q4 OF 2018.ORMAT TECHNOLOGIES INC - ORMAT, THROUGH VIRIDITY, WILL FINANCE, CONSTRUCT, OWN AND OPERATE PROJECTS.ORMAT TECHNOLOGIES INC - IN 2019, PROJECTS ARE EXPECTED TO GENERATE AVERAGE REVENUES OF BETWEEN $7 MILLION AND $8 MILLION, MAINLY FROM ANCILLARY SERVICES.  Full Article

Ormat Technologies Inc Files For Non-Timely 10-K
Friday, 2 Mar 2018 10:16am EST 

March 2 (Reuters) - Ormat Technologies Inc ::ORMAT TECHNOLOGIES INC FILES FOR NON-TIMELY 10-K - SEC FILING.ORMAT TECHNOLOGIES - REQUIRES ADDITIONAL TIME TO COMPLETE REVIEW PROCEDURES, WITH RESPECT TO CO’S ACCOUNTING FOR INCOME TAXES AND FINANCIAL REPORTING.ORMAT TECHNOLOGIES SAYS CO IS IN PROCESS OF PREPARING REQUIRED MATERIAL WEAKNESS DISCLOSURES FOR INCLUSION IN 2017 FORM 10-K.ORMAT TECHNOLOGIES SAYS EXPECTS TO FILE THE 2017 FORM 10-K ON OR BEFORE MARCH 16, 2018.  Full Article

CLAL Insurance Enterprises Holdings Ltd Reports 5.04 pct Passive Stake In Ormat Technologies As Of Jan. 7, 2018
Wednesday, 17 Jan 2018 11:41am EST 

Jan 17 (Reuters) - Ormat Technologies Inc ::CLAL INSURANCE ENTERPRISES HOLDINGS LTD REPORTS 5.04 PERCENT PASSIVE STAKE IN ORMAT TECHNOLOGIES INC AS OF JANUARY 7, 2018 - SEC FILING‍​.  Full Article

Ormat Secures $50 Mln EPC Contract For Ngawha Extension Geothermal Project In New Zealand
Wednesday, 13 Dec 2017 08:00am EST 

Dec 13 (Reuters) - Ormat Technologies Inc ::ORMAT SECURES $50 MILLION EPC CONTRACT FOR THE NGAWHA EXTENSION GEOTHERMAL PROJECT IN NEW ZEALAND.ORMAT TECHNOLOGIES INC - PROJECT IS EXPECTED TO BE COMPLETED IN Q1 OF 2021.  Full Article

Ormat Technologies reports 2017 third quarter earnings
Tuesday, 7 Nov 2017 06:11pm EST 

Nov 7 (Reuters) - Ormat Technologies Inc ::Ormat Technologies reports 2017 third quarter earnings.Q3 adjusted earnings per share $0.42.Q3 earnings per share $0.38.Q3 revenue $157.2 million vs I/B/E/S view $159 million.Q3 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.‍Management affirms full-year total revenue and adjusted ebitda guidance​.‍Ormat's product segment backlog, as of November 8, 2017, was $182.0 million​.  Full Article

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

BRIEF-Ormat Technologies Co's Unit Enters Into Partnership Deal With A Private Investor

* ORMAT TECHNOLOGIES-CO'S UNIT THAT INDIRECTLY OWNS 26 MW TUNGSTEN MOUNTAIN GEOTHERMAL POWER PLANT ENTERED INTO PARTNERSHIP DEAL WITH A PRIVATE INVESTOR