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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 Technologies Buys 49% Of Ijen Geothermal Project In Indonesia
Tuesday, 2 Jul 2019 05:00am EDT 

July 2 (Reuters) - Ormat Technologies Inc ::ORMAT TECHNOLOGIES ACQUIRES 49% OF IJEN GEOTHERMAL PROJECT IN INDONESIA.ORMAT TECHNOLOGIES INC - SUBSIDIARY OF MEDCO POWER WILL RETAIN 51% OWNERSHIP IN COMPANY.ORMAT TECHNOLOGIES INC - ORMAT AND MEDCO WILL DEVELOP PROJECT JOINTLY.ORMAT TECHNOLOGIES - GEOTHERMAL PROJECT IS READY FOR EXPLORATION AND COMMERCIAL OPERATION IS EXPECTED AT END OF 2022.  Full Article

Ormat Technologies Q1 Earnings Per Share $0.51
Monday, 6 May 2019 05:00pm EDT 

May 6 (Reuters) - Ormat Technologies Inc ::ORMAT TECHNOLOGIES REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.51.Q1 EARNINGS PER SHARE $0.51.Q1 REVENUE $199 MILLION VERSUS REFINITIV IBES ESTIMATE OF $183.6 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.49 -- REFINITIV IBES DATA.EXPECT FULL-YEAR 2019 TOTAL REVENUES BETWEEN $720 MILLION AND $742 MILLION.EXPECT 2019 ADJUSTED EBITDA BETWEEN $370 MILLION AND $380 MILLION FOR FULL YEAR.FY2019 REVENUE VIEW $729.1 MILLION -- REFINITIV IBES DATA.  Full Article

Ormat Technologies Inc says Third Phase Of Mcginness Hills Geothermal Complex Located In Lander County, Nevada Has Begun Commercial Operation
Thursday, 20 Dec 2018 11:10am EST 

Dec 20 (Reuters) - Ormat Technologies Inc ::ORMAT TECHNOLOGIES INC - THIRD PHASE OF ITS MCGINNESS HILLS GEOTHERMAL COMPLEX LOCATED IN LANDER COUNTY, NEVADA HAS BEGUN COMMERCIAL OPERATION.ORMAT TECHNOLOGIES INC - THIRD PHASE IS EXPECTED TO GENERATE APPROXIMATELY $30 MILLION IN AVERAGE ANNUAL REVENUE.ORMAT TECHNOLOGIES INC - 48-MEGAWATT (NET CAPACITY) POWER PLANT STARTED SELLING ELECTRICITY TO SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY.  Full Article

Ormat Technologies Third Quarter Earnings Per Share $0.21
Tuesday, 6 Nov 2018 06:00am EST 

Nov 6 (Reuters) - Ormat Technologies Inc ::ORMAT TECHNOLOGIES REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 EARNINGS PER SHARE $0.21.Q3 REVENUE $166.5 MILLION VERSUS I/B/E/S VIEW $173 MILLION.Q3 EARNINGS PER SHARE VIEW $0.42 -- THOMSON REUTERS I/B/E/S.ORMAT TECHNOLOGIES - QTRLY ADJUSTED EARNINGS PER SHARE$0.31.REAFFIRMING FULL-YEAR 2018 GUIDANCE FOR ELECTRICITY SEGMENT REVENUES TO BE BETWEEN $500 MILLION AND $510 MILLION.EXPECT FY PRODUCT SEGMENT REVENUES TO BE BETWEEN $190 MILLION AND $200 MILLION.SEES FY REVENUES FROM ENERGY STORAGE AND DEMAND RESPONSE ACTIVITY TO BE BETWEEN $8 MILLION AND $12 MILLION.SEES FY TOTAL REVENUES IS BETWEEN $698 MILLION AND $722 MILLION.FY2018 REVENUE VIEW $709.9 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Ormat Technologies Q2 Adjusted Earnings Per Share $0.32
Tuesday, 7 Aug 2018 05:00pm EDT 

Ormat Technologies Inc ::ORMAT TECHNOLOGIES REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.32.Q2 LOSS PER SHARE $0.01.Q2 REVENUE $178.3 MILLION VERSUS I/B/E/S VIEW $175.6 MILLION.Q2 EARNINGS PER SHARE VIEW $0.44 -- THOMSON REUTERS I/B/E/S.ORMAT TECHNOLOGIES - SEES 2018 ELECTRICITY SEGMENT REVENUES TO BE BETWEEN $500 MILLION AND $510 MILLION, REFLECTING PUNA PLANT SHUTDOWN.SEES 2018 PRODUCT SEGMENT REVENUES TO BE BETWEEN $190 MILLION AND $200 MILLION.SEES 2018 TOTAL REVENUES BETWEEN $698 MILLION AND $722 MILLION.SEES 2018 ADJUSTED EBITDA BETWEEN $370 MILLION AND $380 MILLION.ORMAT - IN EVENT OF NOT REACHING RESOLUTION OF PUNA PLANT INSURANCE CLAIM BY YEAR-END, 2018 ADJUSTED EBITDA TO BE NEGATIVELY IMPACTED BY ABOUT $20 MILLION.  Full Article

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