Ormat Technologies, Inc.

ORA

US6866881021

Electric Utilities

Market Closed - Nyse Other stock markets 01:30:02 18/05/2024 am IST			5-day change	1st Jan Change
72.49 ^USD	+0.01%		+3.13%	-4.35%

14/05	UBS Adjusts Ormat Technologies Price Target to $100 From $95, Maintains Buy Rating	MT
09/05	Transcript : Ormat Technologies, Inc., Q1 2024 Earnings Call, May 09, 2024

Ormat Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 09, 2024 at 02:35 am IST

Ormat Technologies, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 224.17 million compared to USD 185.23 million a year ago. Revenue was USD 224.17 million compared to USD 185.23 million a year ago.

Net income was USD 38.59 million compared to USD 29.03 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 0.51 a year ago.

Latest news about Ormat Technologies, Inc.

UBS Adjusts Ormat Technologies Price Target to $100 From $95, Maintains Buy Rating	14/05	MT
Transcript : Ormat Technologies, Inc., Q1 2024 Earnings Call, May 09, 2024	09/05
Ormat Technologies Q1 Adjusted Earnings, Revenue Rise; Reaffirms Guidance	09/05	MT
Earnings Flash (ORA) ORMAT TECHNOLOGIES Posts Q1 Revenue $224.2M, vs. Street Est of $218.8M	09/05	MT
Ormat Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	09/05	CI
Transcript : Ormat Technologies, Inc. - Shareholder/Analyst Call	09/05
Ormat Technologies, Inc. Signs PPA for a New Geothermal Power Plant in Guadeloupe with Electricité de France	04/03	CI
Transcript : Ormat Technologies, Inc., Q4 2023 Earnings Call, Feb 22, 2024	22/02
Ormat Technologies Q4 Adjusted Earnings Fall, Revenue Rises; Declares Dividend	22/02	MT
Earnings Flash (ORA) ORMAT TECHNOLOGIES Posts Q4 EPS $0.67, vs. Street Est of $0.56	22/02	MT
Earnings Flash (ORA) ORMAT TECHNOLOGIES Posts Q4 Revenue $241.3M, vs. Street Est of $239.7M	22/02	MT
Ormat Technologies, Inc. Provides Revenue Guidance for the Year of 2024	22/02	CI
Ormat Technologies, Inc. Declares Quarterly Dividend, Payable on March 20, 2024; Provides Dividend Guidance for the Next Three Quarters	22/02	CI
Ormat Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	22/02	CI
Ormat Technologies Subsidiary Receives Approval for Amended Power Purchase Deal With Hawaiian Electric	12/02	MT
Barclays Adjusts Price Target on Ormat Technologies to $75 From $82, Keeps Equalweight Rating	05/02	MT
Oppenheimer Adjusts Ormat Technologies Price Target to $83 From $84, Maintains Outperform Rating	19/01	MT
UBS Trims Price Target on Ormat Technologies to $92 From $95, Keeps Buy Rating	04/01	MT
Italy's Enel finalises sale of several U.S. green assets to Ormat	04/01	RE
Ormat Technologies, Inc. completed the acquisition of 150 MW Portfolio of Enel Green Power North America, Inc.	04/01	CI
Ormat Technologies Signs Energy Storage Deal With San Diego Community Power	12/12	MT
Ormat Technologies, Inc. Secures 15-Year Energy Storage Service Agreement with San Diego Community Power for Pomona 2 Energy Storage Facility	12/12	CI
Ormat Technologies, Inc. Announces Development of 10 MW Binary Geothermal Power Plant in Caribbean Country of Dominica	06/12	CI
Ormat Signs Power Purchase Agreement with Dominica Electricity Services Ltd	06/12	CI
Transcript : Ormat Technologies, Inc., Q3 2023 Earnings Call, Nov 09, 2023	09/11

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Company Profile

Ormat Technologies, Inc. is a geothermal company that is engaged in geothermal and recovered energy generation (REG). The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter, a power generation unit that converts low, medium and high-temperature heat into electricity. It owns or has installed for utilities and developers worldwide, totaling approximately 3,200 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Electricity segment develops, builds, owns, and operates geothermal and solar Photovoltaic (PV). Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation. Energy Storage segment owns and operates a grid connected In Front of the Meter (IFM) Battery Energy Storage System (BESS) facilities. Its portfolio includes 1,385 MW with 1,215 MW geothermal and solar generation.

Sector

Electric Utilities

Calendar

21/05/2024 - Ex-dividend day

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Russell 2000

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Ratings for Ormat Technologies, Inc.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

72.49 USD

Average target price

78 USD

Spread / Average Target

+7.60%

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