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

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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.

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Recent Analyst Ratings for
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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

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Ormat Technologies Announces Major EPC Contract With Contact Energy for 101MW Geothermal Plant in New Zealand
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
11/12/24 4:05:00 PM ET
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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. 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
11/12/24 8:40:00 AM ET
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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
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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
$ORA
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Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2024 Financial Results
RENO, Nev., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, today announced that it plans to publish its third quarter financial results in a press release that will be issued on Wednesday, November 6, 2024, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday, November 7, 2024. To join the call, please dial +1-646-960-0440, approximately 15 minutes prior to the scheduled start of the call. The access code for the call is 2705841. Please request the "Ormat Technologies, Inc. call" when prompted by the conference call operator. The
10/8/24 8:00:00 AM ET
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Ormat Technologies Reports Second Quarter 2024 Financial Results
HIGHLIGHTS TOTAL REVENUES FOR THE SECOND QUARTER INCREASED BY 9.3% YEAR-OVER-YEAR, WITH GROWTH REALIZED ACROSS ALL THREE OPERATING SEGMENTSINCREASED PROFITABILITY IN ALL SEGMENTS DROVE A 45% INCREASE IN OPERATING INCOME AND A 25% INCREASE IN ADJUSTED EBITDAINCREASE IN FULL YEAR EBITDA GUIDANCE RANGE, DEMONSTRATING STRONG EXECUTION AND CONFIDENCE IN THE COMPANY'S FORWARD OUTLOOK RENO, Nev., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, today announced financial results for the second quarter ended June 30, 2024. KEY FINANCIAL RESULTS Q2 2024Q2 2023Change (%)H1 2024H1 2023Change (%)GAAP Measures Revenues ($ millions)
8/6/24 4:15:00 PM ET
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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.

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Ormat Technologies Announces Major EPC Contract With Contact Energy for 101MW Geothermal Plant in New Zealand

Ormat Technologies Announces Successful Monetization of 40% Investment Tax Credit for Bottleneck Energy Storage Facility

Ormat Technologies Reports Third Quarter 2024 Financial Results

$ORA Market Insights

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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.

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

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

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Director Stern Stanley covered exercise/tax liability with 1,038 shares and exercised 1,621 shares at a strike of $53.16, increasing direct ownership by 12% to 5,342 units (SEC Form 4)

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)

Ormat Technologies Reports Third Quarter 2024 Financial Results

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

SEC Form SC 13G filed by Ormat Technologies Inc.

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