Ormat Technologies (ORA) News
Market Cap: $4.30B
Avg Volume: 551.37K
Industry: Renewable Utilities
Sector: Utilities
CWENA vs. ORA: Which Stock Is the Better Value Option?
Investors interested in stocks from the Alternative Energy - Other sector have probably already heard of Clearway Energy (CWENA) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?
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CWENA vs. ORA: Which Stock Should Value Investors Buy Now?
Investors with an interest in Alternative Energy - Other stocks have likely encountered both Clearway Energy (CWENA) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?
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CWENA or ORA: Which Is the Better Value Stock Right Now?
Investors with an interest in Alternative Energy - Other stocks have likely encountered both Clearway Energy (CWENA) and Ormat Technologies (ORA). But which of these two stocks presents investors with the better value opportunity right now?
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Ormat Technologies Q4 Earnings Beat Estimates, Revenues Down Y/Y
ORA's fourth-quarter earnings beat estimates, while revenues decline year over year by 4.4%.
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Ormat Technologies, Inc. (ORA) Q4 2024 Earnings Call Transcript
Ormat Technologies, Inc. (NYSE:ORA ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Josh Carroll - Alpha IR Doron Blachar - Chief Executive Officer Assi Ginzburg - Chief Financial Officer Smadar Lavi - Vice President of Investor Relations and ESG Planning and Reporting Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH Capital Partners Hannah Velásquez - Jefferies Derek Podhaizer - Piper Sandler Jeff Osborne - TD Cowen Ryan Levine - Citigroup Operator Good morning, and welcome to the Ormat Technologies Fourth Quarter and Full Year 2024 Earnings Conference Call. All participants will be in a listen-only mode.
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Ormat Technologies (ORA) Tops Q4 Earnings Estimates
Ormat Technologies (ORA) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.67 per share a year ago.
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Ormat Technologies Reports Fourth Quarter and Year-End 2024 Financial Results
STRATEGIC PORTFOLIO EXPANSION SUPPORTS CONTINUED REVENUE AND ADJUSTED EBITDA GROWTH STRONG FULL-YEAR RESULTS REINFORCES ORMAT'S MOMENTUM, REMAINING ON PACE TO ACHIEVE GENERATING CAPACITY GOALS OF 2.6 TO 2.8 GW BY 2028 HIGHLIGHTS TOTAL REVENUES FOR THE FULL-YEAR INCREASED 6.1% COMPARED TO 2023, DRIVEN BY GROWTH IN ALL THREE SEGMENTS FULL YEAR OPERATING INCOME AND ADJUSTED EBITDA IMPROVED 3.5% AND 14.3%, RESPECTIVELY FOURTH QUARTER NET INCOME AND ADJUSTED NET INCOME IMPROVED BY 14.3% AND 7.7% YEAR-OVER-YEAR, RESPECTIVELY ORMAT ANNOUNCES FULL YEAR 2025 OUTLOOK AND GROWTH EXPECTATIONS RENO, Nev., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading renewable energy company, today announced financial results for the fourth quarter and full year ended December 31, 2024.
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Curious about Ormat Technologies (ORA) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Ormat Technologies (ORA) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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Ormat Technologies Awarded Tolling Agreements for Two Energy Storage Facilities in Israel
New Tolling Agreements Advance Ormat's Strategic Transition Towards a More Stable, Profitable Portfolio New Tolling Agreements Advance Ormat's Strategic Transition Towards a More Stable, Profitable Portfolio
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WKC or ORA: Which Is the Better Value Stock Right Now?
Investors interested in Alternative Energy - Other stocks are likely familiar with World Kinect (WKC) and Ormat Technologies (ORA). But which of these two stocks is more attractive to value investors?
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Ormat Commences Commercial Operation of 35 MW Ijen Geothermal Facility in Indonesia, Delivering Low Carbon Geothermal Power
RENO, Nev., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced the successful commencement of commercial operations (COD) for the 35MW Ijen geothermal power plant. The power plant is jointly owned with PT Medco Power Indonesia (“Medco Power”), through their subsidiary company, PT Medco Cahaya Geothermal (“MCG”). Ormat's share of the facility is 17MW. This is the first geothermal power plant in East Java, Indonesia, contributing to Indonesia's plan for an additional 7.2 GW of geothermal capacity by 2035.
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KGEI vs. ORA: Which Stock Should Value Investors Buy Now?
Investors interested in Alternative Energy - Other stocks are likely familiar with Kolibri Global Energy Inc. (KGEI) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?
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Ormat Technologies Signs 10-Year PPA With Calpine Energy Solutions for Up to 15MW of Carbon-Free Geothermal Capacity
New Geothermal PPA Advances Ormat's Portfolio Expansion Strategy and Long-Term Revenue and EBITDA Generation New Geothermal PPA Advances Ormat's Portfolio Expansion Strategy and Long-Term Revenue and EBITDA Generation
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CWEN or ORA: Which Is the Better Value Stock Right Now?
Investors with an interest in Alternative Energy - Other stocks have likely encountered both Clearway Energy (CWEN) and Ormat Technologies (ORA). But which of these two stocks presents investors with the better value opportunity right now?
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CORRECTION -- Ormat Technologies Inc.
RENO, Nev., Dec. 30, 2024 (GLOBE NEWSWIRE) -- In a release issued earlier today by Ormat Technologies Inc. (NYSE: ORA), please note the original headline read "20MW/120MWH" when it should have read "20MW/20MWH." This error was introduced by GlobeNewswire. The corrected release follows:
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Ormat Technologies Secures Land for Geothermal Projects in Utah
ORA acquires 1,678 acres of land in Utah during the Bureau of Land Management auction.
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Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM Market
RENO, Nev., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the successful commencement of commercial operations for its Montague energy storage facility. This 20MW/20MWh Battery Energy Storage System (BESS), located in New Jersey, will provide ancillary services on the merchant market to PJM.
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Ormat Technologies Inc. Secures Strategic Land Parcels in Utah BLM Auction to Advance Future Geothermal Development
RENO, Nev., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced it has successfully secured 1,678 acres in Utah's Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing operations and development projects in the state, further strengthening the company's commitment to advancing renewable energy solutions and meeting Utah's increasing demand for sustainable energy.
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2 Ideal Buys From 50 'Safer' Dividends In 100 December Sustainables
Calvert Research and Management ranked the 1,000 largest publicly traded companies by ESG performance, identifying the top 100 sustainable companies for 2024. Among 78 dividend paying sustainable companies, 8 met the Dogcatcher ideal, with annual dividends from a $1K investment exceeding their single share prices. Analysts estimate net gains of 15.68% to 48.08% for the top ten ESG companies by December 2025.
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Ormat Announces Pricing of Public Offering of Common Stock on Behalf of Stockholder Orix Corporation
RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the pricing of an underwritten secondary offering of 3,700,000 shares of its common stock on behalf of ORIX Corporation. The offering is expected to close on December 13, 2024, subject to customary closing conditions. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.
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Ormat Announces Public Offering of Common Stock on Behalf of Stockholder ORIX Corporation
RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the commencement of an underwritten secondary offering of an aggregate of 3,700,000 shares of its common stock on behalf of ORIX Corporation. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.
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EE vs. ORA: Which Stock Is the Better Value Option?
Investors with an interest in Alternative Energy - Other stocks have likely encountered both Excelerate Energy (EE) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?
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100 November Sustainable Dividend Dogs: 50 'Safer' And 2 Ideal Buys
Calvert Research and Management ranked the 100 most sustainable companies based on over 230 ESG indicators, including workplace diversity and greenhouse-gas emissions. Eight of 78 dividend-paying sustainable companies offer dividends exceeding their share prices, signalling potential buy opportunities for investors. Analysts estimate net gains of 17.47% to 69.69% for the top ten sustainable companies by November 2025, based on target prices and dividends.
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Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand
ORA secures an EPC contract valued at approximately $200 million with Contact Energy.
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Ormat Technologies Announces Successful Monetization of 40% Investment Tax Credit for Bottleneck Energy Storage Facility
RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced the successful deal to transfer investment tax credits (ITCs) from the 80MW/320MWh Bottleneck Project to third party. This transaction, which was facilitated under the Inflation Reduction Act (IRA), represents a significant achievement in our goal to collect up to $152 million in cash tax benefits this year.
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Ormat Technologies Q3 Earnings Beat Estimates, Revenues Rise Y/Y
ORA's third-quarter earnings beat estimates, while revenues rise year over year by 1.8%%. The company has updated its 2024 outlook.
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Ormat Technologies, Inc. (ORA) Q3 2024 Earnings Call Transcript
Ormat Technologies, Inc. (NYSE:ORA ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Josh Carroll - Alpha IR Group, IR Doron Blachar - CEO Assi Ginzburg - CFO Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH Capital Mark Strouse - JPMorgan Operator Good morning, and welcome to the Ormat Technologies Third Quarter 2024 Earnings Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions.
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Ormat Technologies: Growth Prospects Outpaced By Overvaluation
Ormat Technologies is a leading geothermal power company with a stable revenue growth and an ambitious growth plan targeting 2.1GW-2.3GW capacity by FY26. Geothermal energy's stable output and lower construction costs make it a crucial component of the electricity transition, offering a valuable alternative to nuclear power. Increased debt and potential policy changes under the new Trump administration pose risks, though high margins and steady OCF production remain strengths.
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Ormat Technologies (ORA) Q3 Earnings and Revenues Top Estimates
Ormat Technologies (ORA) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.47 per share a year ago.
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Ormat Releases 2023 Sustainability Report
RENO, Nev., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced the release of its annual Sustainability Report, providing an overview of the Company's environmental, social, and governance (ESG) performance in 2023.
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CWEN vs. ORA: Which Stock Is the Better Value Option?
Investors interested in Alternative Energy - Other stocks are likely familiar with Clearway Energy (CWEN) and Ormat Technologies (ORA). But which of these two stocks is more attractive to value investors?
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Analysts Estimate Ormat Technologies (ORA) to Report a Decline in Earnings: What to Look Out for
Ormat Technologies (ORA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Ormat Commences Commercial Operation of Bottleneck Storage Facility in California, Delivering 80MW/320MWh of Energy Storage Capacity
RENO, Nev., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, announces the successful commencement of commercial operations for its largest energy storage facility, the Bottleneck project. This 80MW/320MWh Battery Energy Storage System (BESS), located in the Central Valley of California, will provide energy, capacity, and ancillary services to San Diego Gas & Electric (SDG&E) under a 15-year Power Purchase Agreement (also known as a Tolling Agreement) signed in 2022.
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Ormat Technologies Inc. Secures Land Parcels in Nevada's BLM Auction to Advance Future Geothermal Development
RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced it has successfully secured multiple land parcels in Nevada's Annual Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing exploration and expansion efforts in the state, further strengthening the company's commitment to advancing renewable energy solutions and meeting Nevada's increasing demand for sustainable energy.
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Ormat Technologies (ORA) Inks Deals for Two Storage Facilities
Ormat Technologies (ORA) has signed agreements to build energy storage facilities in Texas, which is likely to help ORA achieve its long-term goal.
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Ormat (ORA) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
Ormat's (ORA) second-quarter revenues of $213 million beat the Zacks Consensus Estimate by 0.9%. The top line also rises 9.3% year over year.
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Ormat Technologies (ORA) Q2 Earnings and Revenues Top Estimates
Ormat Technologies (ORA) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.40 per share a year ago.
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Ormat Technologies Reports Second Quarter 2024 Financial Results
Consistent Improvement Across All Operating Segments Highlights Committement Toward Continued Profitable Growth Consistent Improvement Across All Operating Segments Highlights Committement Toward Continued Profitable Growth
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TRP or ORA: Which Is the Better Value Stock Right Now?
Investors interested in Alternative Energy - Other stocks are likely familiar with TC Energy (TRP) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?
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Ormat Technologies (ORA) Expected to Beat Earnings Estimates: Should You Buy?
Ormat Technologies (ORA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Ormat Secures 15-Year Resource Adequacy Purchase and Sale Agreement With the City of Riverside for the 80MW/320MWh Shirk Energy Storage Facility
AGREEMENT SUPPORTS ORMAT'S GROWTH TRAJECTORY AND ADVANCES THE ONGOING TRANSITION TO A MORE STABLE, PROFITABLE ENERGY STORAGE PORTFOLIO AGREEMENT SUPPORTS ORMAT'S GROWTH TRAJECTORY AND ADVANCES THE ONGOING TRANSITION TO A MORE STABLE, PROFITABLE ENERGY STORAGE PORTFOLIO
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TRP vs. ORA: Which Stock Is the Better Value Option?
Investors looking for stocks in the Alternative Energy - Other sector might want to consider either TC Energy (TRP) or Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?
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3 Green Energy Stocks Set to Dominate by 2026
While sustainable energy infrastructure might not address all of our power-related concerns, investors should nevertheless consider green energy stocks for the long haul. Fundamentally, the broader political and ideological winds are pushing in the direction of holistic sustainability.
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The 3 Best Renewable Energy Stocks to Buy in July 2024
While hydrocarbons still power the world, increasingly, green and sustainable infrastructure is flexing its muscle. In full disclosure, the idea that all energy sources will be sustainable might be a stretch.
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Rag to Riches: 3 Renewable Energy Stocks That Could Make Early Investors Rich
When it comes to targeting renewable energy stocks, the narrative comes down to one thing: demand and lots of it. Sure, the sector may conjure up images of environmental activists chaining themselves to trees and similar activities.
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Why Is Ormat Technologies (ORA) Up 9.1% Since Last Earnings Report?
Ormat Technologies (ORA) reported earnings 30 days ago. What's next for the stock?
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7 Energy Stocks to Buy as Big Tech's Power Consumption Skyrockets
While artificial intelligence is all the rage these days, investors need to think about the darker side of this narrative, which brings us to energy stocks to buy. You didn't think that AI is “free,” did you?
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Energy's Geopolitical Jackpot: 7 Stocks to Ride the Tightening Screws
With news that the Russians opened another front in its belligerence against Ukraine, it's clear that energy stocks to buy need to rise to the forefront. Geopolitically, the narrative is only becoming more intense, with fears rising that global supply chains could be disrupted.
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Ormat Technologies, Inc. (ORA) Q1 2024 Earnings Call Transcript
Ormat Technologies, Inc. (NYSE:ORA ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Josh Carroll - Alpha IR Group, IR Doron Blachar - CEO Assaf Ginzburg - CFO Conference Call Participants Andre Adams - Oppenheimer Justin Clare - Roth MKM Ryan Levine - Citi Derek Podhaizer - Barclays Jeff Osborne - TD Cowen Operator Good morning, and welcome to the Ormat Technologies First Quarter 2024 Earnings Conference Call. [Operator Instructions].
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Ormat (ORA) Q1 Earnings Miss Estimates, Revenues Rise Y/Y
Ormat's (ORA) first-quarter revenues of $224.2 million miss the Zacks Consensus Estimate by 0.1%. However, the top line rises 21.1% year over year.
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Ormat Technologies (ORA) Lags Q1 Earnings and Revenue Estimates
Ormat Technologies (ORA) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.51 per share a year ago.
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Ormat Technologies Reports First Quarter 2024 Financial Results
Significant Expansion of Profitability and Earnings, Supported by All Three Operating Segments Significant Expansion of Profitability and Earnings, Supported by All Three Operating Segments
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Ormat Technologies (ORA) Reports Next Week: Wall Street Expects Earnings Growth
Ormat Technologies (ORA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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WKC vs. ORA: Which Stock Is the Better Value Option?
Investors interested in stocks from the Alternative Energy - Other sector have probably already heard of World Kinect (WKC) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?
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7 Alternative Energy Stocks to Buy on the Fossil Fuel Fallout
Amid escalating geopolitical flashpoints, a clear lesson is emerging for western economies, which may lead to a renaissance for alternative energy stocks. The world continues to run on hydrocarbons and that might not change in the foreseeable future.
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CRGY vs. ORA: Which Stock Is the Better Value Option?
Investors with an interest in Alternative Energy - Other stocks have likely encountered both Crescent Energy (CRGY) and Ormat Technologies (ORA). But which of these two stocks presents investors with the better value opportunity right now?
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Hot Stocks: The 3 Best Opportunities for Investing in Renewable Energy
Renewable energy stocks may be a controversial idea for some folks. After all, the concept of green solutions sometimes conjures up images of tree-hugging activists disrupting various commercial activities.
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Ormat Technologies: An Expensive Vertically Integrated Gem
Ormat Technologies is a leading global company in geothermal power generation with an installed capacity of 1215 MW. The company's business is structured around three segments: Electricity, Product, and Energy Storage. Ormat's financial performance improved in FY23, with revenues increasing 13% YoY, but the stock is currently expensive.
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Get Your Green With These 3 Renewable Energy Stock Picks
The bullish case for renewable energy stocks arguably comes down to one central theme: rising relevance. For years, scientists and former Vice President Al Gore have been warning Americans and the global community about climate change.
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Ormat (ORA) Q4 Earnings Top Estimates, Revenues Rise Y/Y
Ormat (ORA) Q4 revenues of $241.3 million surpass the Zacks Consensus Estimate. Moreover, the top line rises 17.4% year over year.
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Ormat Technologies (ORA) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Ormat Technologies (ORA) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Ormat Technologies Reports Fourth Quarter and Year-End 2023 Financial Results
DELIVERED A 77.8% INCREASE IN ANNUAL DILUTED EPS AND A 25.0% INCREASE IN ANNUAL ADJUSTED DILUTED EPS COMPARED TO PRIOR YEAR
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Ormat Technologies (ORA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Ormat Technologies (ORA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Ormat Secures Approval for PPA Amendments Between Its Puna Geothermal Venture and Hawaiian Electric
Amended and restated PPA secures fixed energy rate, PPA extension and project expansion
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Will Ormat Technologies (ORA) Beat Estimates Again in Its Next Earnings Report?
Ormat Technologies (ORA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year End 2023 Financial Results
RENO, Nev., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its fourth quarter and full year 2023 financial results in a press release that will be issued on Wednesday, February 21, 2024, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on, February 22, 2024.
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7 Green Stocks Powering the Sustainability Revolution
With the political and ideological winds pushing for increased sustainability, the concept of green stocks have jumped to the forefront. And don't worry, this isn't about tree hugging for its own sake (though you can do that if you wish).
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Ormat Technologies (ORA) Acquires Renewable Assets for $271M
Ormat Technologies (ORA) further expands its renewable portfolio through the acquisition of a portfolio of assets from Enel SpA.
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Ormat Completed the Acquisition of Contracted Operating Geothermal and Solar Assets From Enel Green Power North America
RENO, Nev., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announces that it has closed the previously announced acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA), a subsidiary of Enel SpA (ENEL.MI, LLC). Under the agreement, Ormat paid $271 million for 100% of the equity interest in the portfolio assets.
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Green Giants: 7 ESG Stocks Leading the Way in Sustainable Investing
The surge in interest in ESG stocks among millennials and Generation Z is effectively reshaping the investment landscape. Firms ignoring ESG principles risk major backlash as ethical considerations become imperative in business.
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Ormat Secures 15-Year Energy Storage Service Agreement With San Diego Community Power for Pomona 2 Energy Storage Facility
Agreement Supports SDCP's Mission to Bring Clean, Reliable Energy to Its Customers Agreement Supports SDCP's Mission to Bring Clean, Reliable Energy to Its Customers
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Ormat Technologies (ORA) Up 12.9% Since Last Earnings Report: Can It Continue?
Ormat Technologies (ORA) reported earnings 30 days ago. What's next for the stock?
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3 Green Energy Stocks That Will Have You Cleaning Up for Years
Before even discussing the concept of green energy stocks to buy, one must acknowledge the 800-pound gorilla in the room: this sector stinks. As a Barron's report pointed out recently, green energy stocks have turned a decidedly dark shade of crimson.
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Ormat Technologies, Inc. (ORA) Q3 2023 Earnings Call Transcript
Ormat Technologies, Inc. (NYSE:ORA ) Q3 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Alec Steinberg - Investor Relations, Alpha IR Doron Blachar - Chief Executive Officer Assi Ginzburg - Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH MKM Mark Strouse - JPMorgan Julien Dumoulin-Smith - Bank of America Jon Windham - UBS Jeff Osborne - TD Cowen Ryan Levine - Citi Operator Good morning, and welcome to the Ormat Technologies' Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.
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3 Clean Energy Stocks That Can Survive Anything
Clean energy stocks haven't performed well in 2023. In fact, the iShares Global Clean Energy ETF (NASDAQ: ICLN ) plummeted more than 30% since the start of the year.
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Ormat Technologies (ORA) Q3 Earnings Top, Revenues Rise Y/Y
Ormat Technologies' (ORA) third-quarter revenues improve 18.3% year over year. However, the reported figure lags the Zacks Consensus Estimate by 1.4%.
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Compared to Estimates, Ormat Technologies (ORA) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Ormat Technologies (ORA) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Ormat Technologies Reports Third Quarter 2023 Financial Results
Execution of Growth Strategy Drives Double Digit Net Income and Adjusted EBITDA Expansion Execution of Growth Strategy Drives Double Digit Net Income and Adjusted EBITDA Expansion
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DINO or ORA: Which Is the Better Value Stock Right Now?
Investors with an interest in Alternative Energy - Other stocks have likely encountered both HF Sinclair (DINO) and Ormat Technologies (ORA). But which of these two stocks offers value investors a better bang for their buck right now?
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Ormat Technologies: EGS Could Provide Unexpected Upside
EGS is still an unproven technology, but there has been recent progress towards commercialization. Ormat Technologies, although not currently involved in EGS projects, could benefit from the commercialization of EGS due to its involvement in conventional geothermal power plants. Ormat's stock has been highly overvalued in recent years and probably still needs to fall further before it provides investors with an attractive risk/reward ratio.
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Ormat to Acquire Contracted Operating Geothermal and Solar Assets in Nevada, Utah, and Connecticut for $271 Million
RENO, Nev., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announced today that it has entered into a purchase agreement with Enel Green Power North America (EGPNA), a subsidiary of Enel SpA (ENEL.MI), to acquire a 150 MW portfolio, which includes two contracted operating geothermal power plants and one triple hybrid geothermal, solar PV (20MW nameplate) and solar thermal power plant with a total generation of approximately 43 MW, two Solar assets with a total nameplate capacity of 40 MW, and two greenfield development assets, for a total of $271 million. The acquisition of these US-based operating geothermal and solar assets supports Ormat's strategic portfolio expansion goals. The acquisition is expected to close by the first quarter of 2024, subject to regulatory approvals and customary closing conditions.
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DINO vs. ORA: Which Stock Is the Better Value Option?
Investors interested in Alternative Energy - Other stocks are likely familiar with HF Sinclair (DINO) and Ormat Technologies (ORA). But which of these two stocks offers value investors a better bang for their buck right now?
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Ormat Releases 2022 Sustainability Report
Company Continues Its Commitment to Corporate Responsibility and Sustainability Company Continues Its Commitment to Corporate Responsibility and Sustainability
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Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2023 Financial Results
RENO, Nev., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its third quarter 2023 financial results in a press release that will be issued on Wednesday, November 08, 2023, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on, November 9, 2023.
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Ormat Secures Contract With Mercury New Zeleand to Construct and Supply New 56 MW Geothermal Power Plant
RENO, Nev., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that the Company has signed new contracts with Mercury NZ Limited for the supply and Engineering, Procurement and Construction (EPC) of a new 56 MW (gross) geothermal power plant at Ngatamariki, New Zealand.
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Ormat and Gotion Sign a New Multi-Year Agreement Supporting the Company's Energy Storage Growth Plans
RENO, Nev., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that it has secured a new multi-year contract in partnership with Gotion High-Tech to supply batteries in support of Ormat's upcoming Energy Storage projects. Under this supply contract, Gotion will provide Ormat with batteries at a capacity of up to 750MWh, with a variable pricing structure, partly linked to Lithium Carbonate prices. In addition to the signed agreement, the companies are discussing additional supply contracts and expansions to the existing signed agreement to provide Ormat with U.S. domestic manufactured batteries from Gotion's planned battery plant in Manteno, Illinois which will allow Ormat to benefit from higher Investment Tax Credits.
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Ormat to Ring Opening Bell at the New York Stock Exchange to Celebrate Entering Its 20th Year of Trading on the NYSE
RENO, Nev., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it will ring the opening bell at the New York Stock Exchange on Wednesday, September 6th as the Company celebrates entering its 20th year of listing on the exchange. CEO, Doron Blachar, along with colleagues and management members, will be at the Stock Exchange to commemorate this important milestone in the Company's history.
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Ormat Technologies (ORA) Up 0.2% Since Last Earnings Report: Can It Continue?
Ormat Technologies (ORA) reported earnings 30 days ago. What's next for the stock?
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3 Clean Energy Stocks to Buy as Gas Prices Rise
Amid rising gas prices, there's another way to mitigate the damage aside from acquiring shares of hydrocarbon businesses. That involves clean energy stocks to buy.
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Ormat Technologies (ORA) Q2 Earnings Top, Revenues Rise Y/Y
Ormat Technologies' (ORA) Q2 revenues of $194.8 million miss the Zacks Consensus Estimate by 1.5%. The top line, however, rises 15.2% on a year-over-year basis.
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Ormat Technologies (ORA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Ormat Technologies (ORA) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Ormat Technologies (ORA) Q2 Earnings Beat Estimates
Ormat Technologies (ORA) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.22 per share a year ago.
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Ormat Technologies Reports Second Quarter 2023 Financial Results
STRATEGIC PORTFOLIO GROWTH AND CAPACITY ADDITIONS DRIVE SUBSTANTIAL INCREASE IN NET INCOME NEW TARGET INCREASED TO 1.9 GW - 2.0 GW BY YEAR END 2025, DRIVEN BY SUCCESSFUL EXPANSION EFFORTS HIGHLIGHTS TOTAL REVENUES FOR THE SECOND QUARTER INCREASED BY 15.2% YEAR-OVER-YEAR, DRIVEN PRIMARILY BY ROBUST GROWTH IN THE PRODUCT SEGMENT COMPANY REITERATES ITS FULL YEAR REVENUE AND EBITDA GUIDANCE, DEMONSTRATING STRONG EXECUTION AND CONFIDENCE IN THE BUSINESS'S OUTLOOK RENO, Nev., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced financial results for the second quarter ended June 30, 2023.
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3 Renewable Energy Stocks Set to Skyrocket by 2030
While many opportunities compete for your attention, investing in renewable energy stocks may be one of the best decisions ever. From a sustainability perspective, burgeoning political and ideological forces demand government bodies to take action.
investorplace.com
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These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
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Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2023 Financial Results
RENO, Nev., July 06, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its second quarter 2023 financial results in a press release that will be issued on Wednesday, August 2, 2023, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday, August 3, 2023.
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