Ormat Secures 15-Year Resource Adequacy Purchase And Sale Agreement With The City Of Riverside For The 80MW/320MWh Shirk Battery Energy Storage System Located In Visalia, California.

7/23/24 8:21:14 AM ET

Electric Utilities: Central

Utilities

Get the next $ORA alert in real time by email

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.

Get the next $ORA alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$ORA

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

More analyst ratings

$ORA
Financials

Live finance-specific insights

Ormat Technologies Reports Third Quarter 2024 Financial Results
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
11/6/24 4:15:00 PM ET
$ORA
Electric Utilities: Central
Utilities
Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2024 Financial Results
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
10/8/24 8:00:00 AM ET
$ORA
Electric Utilities: Central
Utilities
Ormat Technologies Reports Second Quarter 2024 Financial Results
HIGHLIGHTS TOTAL REVENUES FOR THE SECOND QUARTER INCREASED BY 9.3% YEAR-OVER-YEAR, WITH GROWTH REALIZED ACROSS ALL THREE OPERATING SEGMENTSINCREASED PROFITABILITY IN ALL SEGMENTS DROVE A 45% INCREASE IN OPERATING INCOME AND A 25% INCREASE IN ADJUSTED EBITDAINCREASE IN FULL YEAR EBITDA GUIDANCE RANGE, DEMONSTRATING STRONG EXECUTION AND CONFIDENCE IN THE COMPANY'S FORWARD OUTLOOK RENO, Nev., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, today announced financial results for the second quarter ended June 30, 2024. KEY FINANCIAL RESULTS Q2 2024Q2 2023Change (%)H1 2024H1 2023Change (%)GAAP Measures Revenues ($ millions)
8/6/24 4:15:00 PM ET
$ORA
Electric Utilities: Central
Utilities

Ormat Technologies Reports Third Quarter 2024 Financial Results
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
11/6/24 4:15:00 PM ET
$ORA
Electric Utilities: Central
Utilities
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. The Bottleneck project is expected to be eligible for a 40% Investment Tax Credit, which the Company plans to monetize by the end of the year. The project repre
10/28/24 8:50:00 AM ET
$ORA
Electric Utilities: Central
Utilities
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. The newly leased parcels hold substantial potential for geothermal energy production including a new greenfield prospect, an expansion opportunity for an existing operational asset, and s
10/10/24 8:30:00 AM ET
$ORA
Electric Utilities: Central
Utilities

Ormat Secures 15-Year Resource Adequacy Purchase And Sale Agreement With The City Of Riverside For The 80MW/320MWh Shirk Battery Energy Storage System Located In Visalia, California.

Chat with this insight

Recent Analyst Ratings for $ORA

$ORA Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

TD Cowen reiterated coverage on Ormat Tech with a new price target

TD Cowen reiterated coverage on Ormat Tech with a new price target

Ormat Tech upgraded by ROTH MKM with a new price target

$ORA Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G/A filed by Ormat Technologies Inc. (Amendment)

SEC Form SC 13G filed by Ormat Technologies Inc.

SEC Form SC 13G/A filed by Ormat Technologies Inc. (Amendment)

$ORA Market Insights

Live Market Insights

Ormat Secures 15-Year Resource Adequacy Purchase And Sale Agreement With The City Of Riverside For The 80MW/320MWh Shirk Battery Energy Storage System Located In Visalia, California.

JP Morgan Maintains Neutral on Ormat Technologies, Raises Price Target to $75

Oppenheimer Maintains Outperform on Ormat Technologies, Raises Price Target to $85

$ORA SEC Filings

SEC Form 10-Q filed by Ormat Technologies Inc.

Ormat Technologies Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 144 filed by Ormat Technologies Inc.

$ORA Financials

Live finance-specific insights

Ormat Technologies Reports Third Quarter 2024 Financial Results

Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2024 Financial Results

Ormat Technologies Reports Second Quarter 2024 Financial Results

$ORA Leadership Updates

Live Leadership Updates

Ormat Technologies Appoints Two New Independent Directors to the Company's Board

Gstaad Enters into Letter of Intent to Acquire Luxhygenix

$ORA Press Releases

Fastest customizable press release news feed in the world

$ORA Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Ormat Technologies Reports Third Quarter 2024 Financial Results

Ormat Commences Commercial Operation of Bottleneck Storage Facility in California, Delivering 80MW/320MWh of Energy Storage Capacity

Ormat Technologies Inc. Secures Land Parcels in Nevada's BLM Auction to Advance Future Geothermal Development

Director Wong Byron G. sold $94,925 worth of shares (1,266 units at $74.98), decreasing direct ownership by 15% to 6,906 units (SEC Form 4)

Director Sharir Dafna exercised 1,621 shares at a strike of $53.16, returned $86,154 worth of shares to the company (1,188 units at $72.52) and sold $32,436 worth of shares (433 units at $74.91) (SEC Form 4)

Director Wong Byron G. exercised 7,500 shares at a strike of $57.97 and covered exercise/tax liability with 5,665 shares, increasing direct ownership by 29% to 8,172 units (SEC Form 4)

Recent Analyst Ratings for
$ORA

$ORA
Analyst Ratings

$ORA
Large Ownership Changes

$ORA
Market Insights

$ORA
SEC Filings

$ORA
Financials

$ORA
Leadership Updates

$ORA
Press Releases

$ORA
Insider Trading