Citigroup initiated coverage on Ormat Tech with a new price target
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Citigroup initiated coverage of Ormat Tech with a rating of Neutral and set a new price target of $91.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/10/2024 | $70.00 → $76.00 | Hold | TD Cowen |
| 2/23/2024 | $74.00 → $70.00 | Market Perform | TD Cowen |
| 8/7/2023 | $92.00 | Neutral → Buy | ROTH MKM |
| 5/22/2023 | $89.00 | Equal Weight | Barclays |
| 3/1/2023 | $103.00 → $105.00 | Neutral → Buy | UBS |
| 11/22/2022 | $92.00 | Neutral | BofA Securities |
| 10/21/2022 | $91.00 | Neutral | Citigroup |
| 2/25/2022 | $86.00 → $85.00 | Outperform | Oppenheimer |
Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, today announced the signing of a 15-year Resource Adequacy Purchase and Sale Agreement (RA Agreement) with the City of Riverside for the 80MW/320MWh Shirk Battery Energy Storage System (BESS) located in Visalia, California.
JP Morgan analyst Mark Strouse maintains Ormat Technologies (NYSE:ORA) with a Neutral and raises the price target from $69 to $75.
Oppenheimer analyst Noah Kaye maintains Ormat Technologies (NYSE:ORA) with a Outperform and raises the price target from $83 to $85.
REVENUE AND ADJUSTED EBITDA GROWTH HIGHLIGHT CONTINUED PROGRESS TOWARDS ACHIEVING GROWTH TARGETS HIGHLIGHTS ELECTRICITY SEGMENT REVENUES AND ADJUSTED EBITDA INCREASE DRIVEN BY SOLID OPERATIONAL EXECUTION AND A STRATEGICALLY EXPANDED GENERATION PORTFOLIOCOMPANY NARROWS ITS FULL YEAR REVENUE GUIDANCE AND INCREASES ITS FULL YEAR ADJUSTED EBITDA GUIDANCE, FOLLOWING STRONG THIRD QUARTER RESULTSCOMPANY ANNOUNCED IN OCTOBER THE COMMERCIAL OPERATION OF ITS LARGEST STORAGE PROJECT TO DATE AND PLANS TO COMPLETE THE PROJECT'S INVESTMENT TAX CREDIT TRANSFER BY END OF YEAR RENO, Nev., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, today ann
RENO, Nev., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, today announced that it plans to publish its third quarter financial results in a press release that will be issued on Wednesday, November 6, 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 Thursday, November 7, 2024. To join the call, please dial +1-646-960-0440, approximately 15 minutes prior to the scheduled start of the call. The access code for the call is 2705841. Please request the "Ormat Technologies, Inc. call" when prompted by the conference call operator. The
HIGHLIGHTS TOTAL REVENUES FOR THE SECOND QUARTER INCREASED BY 9.3% YEAR-OVER-YEAR, WITH GROWTH REALIZED ACROSS ALL THREE OPERATING SEGMENTSINCREASED PROFITABILITY IN ALL SEGMENTS DROVE A 45% INCREASE IN OPERATING INCOME AND A 25% INCREASE IN ADJUSTED EBITDAINCREASE IN FULL YEAR EBITDA GUIDANCE RANGE, DEMONSTRATING STRONG EXECUTION AND CONFIDENCE IN THE COMPANY'S FORWARD OUTLOOK RENO, Nev., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, today announced financial results for the second quarter ended June 30, 2024. KEY FINANCIAL RESULTS Q2 2024Q2 2023Change (%)H1 2024H1 2023Change (%)GAAP Measures Revenues ($ millions)
SC 13G/A - ORMAT TECHNOLOGIES, INC. (0001296445) (Subject)
SC 13G - ORMAT TECHNOLOGIES, INC. (0001296445) (Subject)
SC 13G/A - ORMAT TECHNOLOGIES, INC. (0001296445) (Subject)
TD Cowen reiterated coverage of Ormat Tech with a rating of Hold and set a new price target of $76.00 from $70.00 previously
TD Cowen reiterated coverage of Ormat Tech with a rating of Market Perform and set a new price target of $70.00 from $74.00 previously
ROTH MKM upgraded Ormat Tech from Neutral to Buy and set a new price target of $92.00
RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading geothermal and renewable energy technology company, today announced that it has reached an understanding with Contact Energy to sign an Engineering, Procurement, and Construction (EPC) contract for the development of the Te Mihi Stage 2 101MW geothermal power plant in New Zealand. The EPC contract, valued at approximately $200 million, is expected to be signed following the approval received today by Contact Energy's Board of Directors. Te Mihi Stage 2 geothermal power plant is expected to be completed by mid-2027. This significant agreement marks Ormat's fourth large project in New Zealand curren
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. The gross proceeds from this transaction were priced at $0.93 per dollar. After deducting the buyer's broker and legal fees, the net proceeds from the transaction amounted to approximately $46.7 million. Doron Blachar, Chief Executive Officer of Ormat
REVENUE AND ADJUSTED EBITDA GROWTH HIGHLIGHT CONTINUED PROGRESS TOWARDS ACHIEVING GROWTH TARGETS HIGHLIGHTS ELECTRICITY SEGMENT REVENUES AND ADJUSTED EBITDA INCREASE DRIVEN BY SOLID OPERATIONAL EXECUTION AND A STRATEGICALLY EXPANDED GENERATION PORTFOLIOCOMPANY NARROWS ITS FULL YEAR REVENUE GUIDANCE AND INCREASES ITS FULL YEAR ADJUSTED EBITDA GUIDANCE, FOLLOWING STRONG THIRD QUARTER RESULTSCOMPANY ANNOUNCED IN OCTOBER THE COMMERCIAL OPERATION OF ITS LARGEST STORAGE PROJECT TO DATE AND PLANS TO COMPLETE THE PROJECT'S INVESTMENT TAX CREDIT TRANSFER BY END OF YEAR RENO, Nev., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, today ann
10-Q - ORMAT TECHNOLOGIES, INC. (0001296445) (Filer)
8-K - ORMAT TECHNOLOGIES, INC. (0001296445) (Filer)
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4 - ORMAT TECHNOLOGIES, INC. (0001296445) (Issuer)
4 - ORMAT TECHNOLOGIES, INC. (0001296445) (Issuer)
RENO, Nev., June 03, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) ("Ormat," the "Company," "we" or "us") today announced the election at its annual meeting of stockholders, held on June 2, 2022, of Michal Marom and Karin Corfee to the Company's Board of Directors, effective immediately. Ms. Marom will also serve as the Chair of the Audit Committee and a member of the Compensation Committee. Ms. Marom and Ms. Corfee will replace the departing Board members Dan Falk and Albertus Bruggink, respectively. With these new additions, one third of Ormat's Board of Directors will be represented by women. Ms. Marom joins Ormat's Board of Directors having served in numerous senior exe
Not for distribution to United States newswire services or for release, publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the United States.VANCOUVER, BC / ACCESSWIRE / December 15, 2021 / Gstaad Capital Corp. (the "Company") (TSXV:GTD) is pleased to announce that it has entered into a letter of intent, dated effective November 29, 2021 (the "LOI") with LuxHygenix Inc. ("LuxHygenix"), an arms-length privately held Delaware corporation. The LOI sets out the general terms and conditions pursuant to which the Company will acquire all of the issued and outstanding securities and convertible notes of LuxHygenix in exchange for securities of the Co