TD Cowen reiterated coverage on Ormat Tech with a new price target
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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
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $73.00 | Hold | Jefferies |
| 12/19/2024 | $78.00 | Neutral | Piper Sandler |
| 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 |
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)
4 - ORMAT TECHNOLOGIES, INC. (0001296445) (Issuer)
4 - ORMAT TECHNOLOGIES, INC. (0001296445) (Issuer)
4 - ORMAT TECHNOLOGIES, INC. (0001296445) (Issuer)
Jefferies initiated coverage of Ormat Tech with a rating of Hold and set a new price target of $73.00
Piper Sandler initiated coverage of Ormat Tech with a rating of Neutral and set a new price target of $78.00
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
8-K - ORMAT TECHNOLOGIES, INC. (0001296445) (Filer)
424B4 - ORMAT TECHNOLOGIES, INC. (0001296445) (Filer)
424B3 - ORMAT TECHNOLOGIES, INC. (0001296445) (Filer)
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: Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/20MWh of Energy Storage Capacity to the PJM Market 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 St
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. The Montague project, which is expected to be eligible for a 30% Investment Tax Credit, represents Ormat's continued commitment to strategically growing its Energy Storage segment in key U.S. markets. With the addition of Montague, Ormat's total capacity in the PJM mar
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. The newly leased acres should allow Ormat to develop two new power plants near our Cove Fort facility in Utah. Exploration work on the first plant (Cove Fort 2) is expected to begin in 20
SC 13D/A - ORMAT TECHNOLOGIES, INC. (0001296445) (Subject)
SC 13G/A - ORMAT TECHNOLOGIES, INC. (0001296445) (Subject)
SC 13G - ORMAT TECHNOLOGIES, INC. (0001296445) (Subject)
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