Ormat Technologies

growth-positive

SLB and Ormat Technologies have entered into a partnership to accelerate the development and commercialization of integrated geothermal assets, including enhanced geothermal systems. This collaboration aims to leverage the strengths of both companies to advance geothermal technology and expand its applications. The agreement signifies a strategic move for SLB to enhance its presence in the renewable energy sector, particularly in geothermal energy, which is gaining traction as a sustainable energy source. The partnership is expected to drive growth and innovation in geothermal technologies, benefiting both companies.

growth-negative

Clearway Energy is expected to report a year-over-year increase in earnings but a decrease in revenues for the quarter ending September 2025. The consensus estimate predicts earnings of $0.32 per share, a 3.2% increase from the previous year, but revenues are expected to fall by 13.1% to $422.26 million. The EPS estimate has been revised down by 23.08% over the past 30 days, reflecting analysts reassessment of the companys financial outlook. The upcoming earnings report, expected on November 4, could impact the stock price depending on whether the actual results meet or exceed these expectations.

growth-positive

SLB has announced a partnership with Ormat Technologies to accelerate the development and commercialization of integrated geothermal assets, focusing on enhanced geothermal systems (EGS). This collaboration aims to expand geothermal energy access beyond conventional regions and scale EGS technologies for a broader range of customers. The partnership is part of SLBs strategy to diversify into low-carbon and digital technologies, reinforcing its growth narrative in less cyclical and higher-margin segments. Additionally, SLBs collaboration with Google Cloud to speed up global geothermal energy adoption supports its renewable energy efforts. Despite these positive developments, SLB faces risks related to upstream investment declines and market instability.

growth-positive

Ormat Technologies and SLB have announced a partnership to advance geothermal energy projects, focusing on enhanced geothermal systems (EGS). This collaboration aims to develop, pilot, and scale EGS solutions, with an initial pilot project at an Ormat facility. The partnership leverages Ormats expertise in power plant design and SLBs strengths in subsurface engineering. The goal is to make geothermal energy more competitive and commercially viable, addressing the growing energy demand driven by AI and other factors. This initiative is expected to accelerate the growth of the geothermal industry by optimizing technology integration and maximizing production and sustainability.

growth-negative

Ormat Technologies is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ending September 2025. The company is projected to post earnings of $0.37 per share, a decrease of 11.9% from the previous year, while revenues are anticipated to rise by 10.3% to $233.48 million. The consensus EPS estimate has been revised slightly higher over the past 30 days. The upcoming earnings report, expected on November 3, could influence the companys stock price depending on whether the actual results meet or exceed these estimates. The Zacks Earnings ESP model suggests that a positive earnings surprise is possible if the Most Accurate Estimate exceeds the consensus estimate.

growth-positive

The article discusses the energy crisis caused by the rapid rise of AI, which is leading to increased electricity consumption by data centers in the U.S. Exxon Mobil is identified as a key player poised to benefit from this crisis due to its dominance in natural gas production and extensive infrastructure. The company is well-positioned to meet the immediate power demands of data centers, supported by favorable policies and strategic partnerships with tech firms. Brookfield Renewable Partners and Ormat Technologies are also highlighted as companies that stand to gain by providing renewable energy solutions. The article emphasizes the urgent need for interim energy solutions as nuclear energy development lags.

growth-positive

Bloom Energy Corporation is experiencing a bullish trend, trading above its 50-day and 200-day simple moving averages. The company has seen a significant stock gain of 756.9% over the past year, outperforming its industry peers and the broader market. Bloom Energy is capitalizing on the growing demand for clean power solutions, driven by the rise of AI data centers and the need for distributed energy solutions. Its Energy Server platform, which uses solid oxide technology for efficient power generation, positions the company well to meet increasing electricity demands. The company is benefiting from the shift towards reliable and clean power, which is crucial as utilities struggle to keep up with accelerating demand.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, announced plans to release its third-quarter financial results on November 3, 2025. The company will host a conference call on November 4, 2025, to discuss these results. Ormat is a vertically integrated company engaged in geothermal and recovered energy generation, with plans to expand its presence in the U.S. energy storage market. The company operates globally, with a total generating portfolio of 1,618 MW, including geothermal, solar, and energy storage facilities. Ormats focus on expanding its energy storage services and solar PV capabilities indicates a growth-positive outlook.

growth-positive

Ormat Technologies, Inc. has experienced a 40% increase in share price over the past five years, which is below the market average. However, newer shareholders have seen a 33% gain in the last year. The companys compound earnings per share (EPS) growth of 7.4% per year closely matches the annualized share price gain of 7%, indicating stable investor sentiment. The total shareholder return (TSR) over the last five years was 44%, surpassing the share price return due to dividends. The recent 34% TSR over the last year suggests improved business performance. Despite these gains, potential investors should consider investment risks, as there are warning signs associated with the company.

growth-positive

Ormat Technologies, Inc. (ORA) is a global leader in renewable energy, specializing in geothermal and waste-heat recovery, with a growing focus on energy storage. The company reported a 9.9% increase in Q2 revenue to $234M and a 20% rise in EPS. ORAs product and energy storage revenues surged, offsetting a slight decline in electricity revenue. The company expanded its geothermal capacity with a Nevada-based plant acquisition, contributing to its strong $263M backlog and $300M in secured development funding. Despite high valuation metrics, ORAs growth prospects remain strong, with a projected 45% EPS growth by 2026. The global geothermal market is expected to grow annually, positioning ORA favorably. The stock has appreciated 28% since May 2025, driven by its leadership in geothermal power and stable contracts.

The article discusses the performance of energy stocks, noting that the NYSE Energy Sector Index increased by 0.1% late Wednesday afternoon. The article is part of MT Newswires premium content, which requires a Silver or Gold subscription for full access. No specific company details, partnerships, investments, or other business activities are mentioned in the provided text.

growth-positive

Ormat Technologies has commenced commercial operations of its 60MW/120MWh Lower Rio Battery Energy Storage System in Texas. The company also announced a Hybrid Tax Equity partnership with Morgan Stanley Renewables to monetize $25 million in investment tax credits for the project. This expansion significantly boosts Ormats energy storage capacity in the US and aligns with its strategy to grow tax-advantaged clean energy assets. The partnership and recent developments are seen as positive catalysts for Ormats growth, although challenges such as supply chain issues and regulatory risks remain. The company projects $1.2 billion in revenue and $171.7 million in earnings by 2028.

growth-positive

Bloom Energy has experienced a significant increase in its stock value, rising 375.6% over the past year, outperforming both its industry and the broader market. The company is benefiting from the growing demand for clean energy solutions, particularly from AI-based data centers and other sectors requiring reliable power. Bloom Energys proprietary solid oxide fuel cell technology positions it well to meet this demand. The company has secured several utility agreements in 2024, indicating a positive outlook for broader adoption of its distributed energy solutions. This positions Bloom Energy to capitalize on the increasing power demand and the shift towards low-carbon energy sources.

growth-positive

Ormat Technologies, Inc. has commenced commercial operations at its Lower Rio energy storage facility in Texas, marking a significant expansion of its Energy Storage segment in the U.S. The 60 MW/120 MWh Battery Energy Storage System will operate under a seven-year tolling agreement, ensuring predictable revenues. This development aligns with Ormats strategy to enhance profitability and support sustainable growth. The U.S. energy storage market is projected to grow significantly, driven by increasing power demands and a shift towards renewable energy. Ormat is also constructing additional projects across California, Texas, and New Jersey, aiming for a substantial increase in its energy storage capacity by 2028.

growth-positive

Ormat Technologies, Inc. has secured a 25-year power purchase agreement extension with the Southern California Public Power Authority for its Heber 1 geothermal facility, effective February 2026. This agreement ensures a stable supply of renewable energy to the Imperial Irrigation District and LADWP through 2052, supporting Californias clean energy goals. The Heber complex, part of Ormats 1,558MW global portfolio, provides carbon-free electricity to over 77,000 households in Los Angeles. Ormat is also expanding into solar PV and energy storage. The article highlights Ormats role in the clean energy sector, while also mentioning the potential of AI stocks.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, released its 2024 Sustainability Report, highlighting significant progress in its sustainability strategy. The report showcases Ormats achievements in expanding renewable energy and storage capacity, reducing emissions, and enhancing ESG performance. Key accomplishments include avoiding over 2.4 million metric tons of CO2e emissions and contributing nearly $1 million to community initiatives. The report aligns with GRI and SASB standards and TCFD recommendations. Ormat continues to leverage its geothermal and REG capabilities to expand into energy storage and solar PV markets, aiming to establish a leading position in the U.S. energy storage market.

growth-positive

Ormat Technologies, Inc., a leader in geothermal and renewable energy, has commenced commercial operations at its Lower Rio energy storage facility in Texas. This 60MW/120MWh Battery Energy Storage System will operate under a seven-year tolling agreement, providing energy and ancillary services. Ormat also signed a Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc., resulting in approximately $25 million in proceeds. This move is part of Ormats strategy to monetize $160 million in tax benefits this year and expand its Energy Storage segment in the U.S. With the new facility, Ormats total U.S. capacity is now 350MW/778MWh. The company aims to improve profitability and accelerate growth in the energy storage market.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, has announced a strategic commercial agreement with Sage Geosystems Inc. to pilot Sages advanced Pressure Geothermal technology. This collaboration aims to reduce the time needed to bring geothermal energy to market and enhance Ormats operational efficiency. The agreement allows Ormat to develop, build, own, and operate geothermal power plants and energy storage projects using Sages technology. The transaction is subject to closing conditions and is expected to close by the end of the year. This partnership aligns with Ormats commitment to advancing geothermal energy solutions and accelerating growth.

growth-positive

Ormat Technologies, Inc. (NYSE:ORA) is highlighted as a top-performing utilities stock, with Piper Sandler maintaining a Neutral rating but raising the price target from $78 to $90. This upgrade is attributed to an improved regulatory environment and increased demand for baseload power generation related to AI. Piper Sandler adjusted its valuation model, citing a de-risked project pipeline and legislative support, which has led to a doubling of Ormats EV/EBITDA for 2026. Ormat Technologies is a leading geothermal company providing sustainable energy solutions. Despite its potential, the article suggests that certain AI stocks may offer greater upside potential.

growth-positive

Ormat Technologies has extended its power purchase agreement with the Southern California Public Power Authority for 25 years, supplying 52MW of energy from its Heber 1 geothermal facility. This extension, effective from February 2026, will provide clean baseload energy to the Los Angeles Department of Water and Power and the Imperial Irrigation District until 2052. The Heber 1 plant has completed a repowering project to incorporate the latest air-cooled technology, enhancing its capacity to provide 91MW of carbon-free electricity. This agreement underscores the importance of geothermal energy in Californias renewable energy strategy, supporting grid stability and reducing fossil fuel dependence.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, has announced a 25-year extension to its power purchase agreement with the Southern California Public Power Authority (SCPPA) for 52MW from its Heber 1 geothermal facility. This agreement, effective February 2026, ensures the continued delivery of clean, baseload geothermal energy to the Los Angeles Department of Water and Power (LADWP) and the Imperial Irrigation District (IID). The Heber 1 power plant, a key asset in Ormats portfolio, will continue to supply carbon-free electricity to millions of California residents through 2052. This extension supports Californias climate and energy transition goals, providing reliable and sustainable power.

growth-positive

Ormat Technologies, Inc. is highlighted as a top alternative energy stock, with UBS reiterating a Buy rating and a $105 price target. The company is expanding its geothermal and energy storage projects to meet the rising demand for renewable energy solutions, driven by the AI revolution. A significant development is the acquisition of the Blue Mountain geothermal power plant for $88 million, which Ormat plans to upgrade and expand. The companys strategic plans also include adding a 13MW solar facility. While Ormat is seen as a strong investment, the article suggests that certain AI stocks may offer greater short-term potential.

growth-negative

Ormat Technologies, Inc. reported a tax benefit of $22 million, which is an unusual occurrence as companies typically pay taxes. This one-off benefit positively impacted the companys statutory profit figures, but it raises concerns about the sustainability of these profits. The article suggests that while the companys earnings per share (EPS) growth has been impressive over the past three years, the statutory profits may overstate the companys true earnings power. Investors are advised to consider potential risks and warning signs when evaluating the companys future profitability.

growth-positive

The article compares Cosan (CSAN) and Ormat Technologies (ORA) as potential value investment opportunities. Cosan currently holds a Zacks Rank of #1 (Strong Buy), indicating a positive earnings outlook, while Ormat Technologies holds a Zacks Rank of #3 (Hold). Cosan is highlighted as a superior value option due to its favorable valuation metrics, including a forward P/E ratio of 4.12, a PEG ratio of 0.13, and a P/B ratio of 0.34. These metrics suggest that Cosan is undervalued compared to Ormat Technologies, which has higher ratios. The article emphasizes the importance of these metrics for value investors.

growth-positive

Ormat Technologies Inc. reported a positive financial performance for the second quarter of 2025, with adjusted earnings per share of 48 cents, surpassing the Zacks Consensus Estimate by 29.7%. The companys revenues reached $234 million, exceeding expectations by 6% and marking a 9.9% year-over-year increase. The growth was driven by strong performance in the product and energy storage segments, despite a decline in the electricity segment due to operational challenges. Ormat reiterated its 2025 guidance, expecting revenues between $935-$975 million and adjusted EBITDA in the range of $563-$593 million.

growth-positive

Ormat Technologies reported a revenue of $234.0 million, marking a 9.9% increase from the second quarter of 2024. The net income rose by 26% to $28.0 million, with a profit margin increase from 10% to 12%, driven by higher revenue. Earnings per share (EPS) increased to $0.46, surpassing analyst estimates by 16%. The companys revenue exceeded analyst estimates by 5.6%. Looking forward, Ormats revenue is forecasted to grow at an average of 8.9% annually over the next three years, outpacing the US Renewable Energy industrys forecasted growth of 6.4%. Despite a recent 2.3% decline in share price, the companys financial performance remains strong.

growth-positive

Ormat Technologies Inc reported a strong second quarter with a 9.9% increase in revenue and a 26.1% rise in net income. The company completed the acquisition of the Blue Mountain geothermal power plant, enhancing its generating capacity. Ormat secured $300 million in funding through tax equity transactions and project finance debt to support future development. The energy storage segment showed robust growth with a 62.7% increase in revenue, driven by new projects and higher merchant prices. Despite a temporary reduction in electricity segment profitability due to maintenance and energy curtailment, the company remains on a growth trajectory.

growth-positive

Ormat Technologies reported a revenue of $234.02 million for the quarter ended June 2025, marking a 9.9% increase from the previous year. The companys EPS was $0.48, surpassing the consensus estimate of $0.37. The revenue and EPS surprises were +5.99% and +29.73%, respectively. The company saw significant growth in its product and energy storage revenues, with increases of 57.7% and 62.9% year-over-year. However, electricity revenue decreased by 3.8%. Despite a slight decline in stock performance over the past month, the companys financial results indicate a positive growth trajectory.

growth-positive

Ormat Technologies reported quarterly earnings of $0.48 per share, surpassing the Zacks Consensus Estimate of $0.37 per share, marking a 29.73% earnings surprise. The company also reported revenues of $234.02 million, exceeding expectations by 5.99%. Over the last four quarters, Ormat has consistently surpassed consensus EPS estimates. The companys stock has risen by 25.9% since the beginning of the year, outperforming the S&P 500s 7.1% gain. Despite the positive earnings report, the stock holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on managements commentary and earnings outlook.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, reported strong financial results for Q2 2025, with a 9.9% increase in revenue and a 26.1% rise in net income. The company successfully completed the acquisition of a 20MW Blue Mountain Geothermal Power Plant and secured $300 million in funding to support future development. Despite some challenges in the Electricity segment due to planned well field work and third-party curtailments, the Product and Energy Storage segments showed significant improvement. Ormat reiterated its full-year revenue and adjusted EBITDA guidance, indicating a positive outlook for the remainder of the year.

growth-positive

Ormat Technologies Inc., a geothermal company based in Reno, Nevada, reported a second-quarter net income of $28 million, translating to 46 cents per share. Adjusted earnings were 48 cents per share, exceeding Wall Street expectations of 37 cents per share. The company also reported revenue of $234 million, surpassing the forecasted $220.8 million. Ormat expects its full-year revenue to range between $935 million and $975 million. The positive earnings and revenue figures indicate a growth-positive impact on the company.

growth-positive

Gevo, Inc. is anticipated to report a year-over-year increase in earnings and higher revenues for the quarter ending June 2025. The earnings report, expected on August 11, could positively influence the stock price if the results exceed expectations. Gevo is projected to post a quarterly loss of $0.06 per share, marking a 33.3% improvement from the previous year. Revenues are expected to reach $43.69 million, a significant 730.6% increase from the same quarter last year. The consensus EPS estimate has been revised downward by 11.11% over the past 30 days. The Zacks Earnings ESP model suggests a potential positive earnings surprise, especially when combined with a strong Zacks Rank.

growth-negative

Ormat Technologies is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ending June 2025. The earnings report, anticipated on August 6, could influence the companys stock price depending on whether the results meet or exceed expectations. The company is projected to post earnings of $0.37 per share, a 7.5% decrease from the previous year, with revenues expected to rise by 4.1% to $221.71 million. The consensus EPS estimate has been revised downwards by 5.71% over the past 30 days. The Zacks Earnings ESP model suggests that a positive earnings surprise is possible, especially if combined with a strong Zacks Rank.

growth-positive

The article compares two companies, Cosan (CSAN) and Ormat Technologies (ORA), in the Alternative Energy sector to determine which is more attractive to value investors. Cosan is highlighted as a better option due to its strong Zacks Rank of #1 (Strong Buy) and impressive valuation metrics, including a forward P/E ratio of 4.01 and a PEG ratio of 0.13. These metrics suggest that Cosan is undervalued compared to Ormat Technologies, which has a Zacks Rank of #3 (Hold) and higher valuation ratios. The article emphasizes the importance of these metrics for value investors seeking undervalued stocks.

growth-positive

Ormat Technologies has experienced a significant 26% increase in its stock price over the last three months. This article examines the companys financial indicators, particularly its Return on Equity (ROE), to understand the factors contributing to this growth. Ormats ROE stands at 5.1%, which aligns with the industry average. Despite a modest net income growth of 14% over the past five years, the companys growth rate is lower than the industry average of 38%. The article suggests that strategic management decisions and a low payout ratio may be contributing to Ormats growth despite its average ROE.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, announced plans to release its second quarter financial results on August 6, 2025. The company will host a conference call on August 7, 2025, to discuss these results. Ormat is a vertically integrated company engaged in geothermal and recovered energy generation, with plans to expand its presence in the energy storage market. The company operates globally with a significant portfolio in geothermal and solar generation, as well as energy storage. Ormats current generating portfolio includes 1,558MW, with operations in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe.

growth-positive

The article compares Clearway Energy (CWEN) and Ormat Technologies (ORA) as potential value investments, highlighting Clearway Energy as the better option based on valuation metrics and earnings estimate revisions. Clearway Energy holds a Zacks Rank of #2 (Buy) and has more attractive valuation metrics, such as a lower forward P/E ratio and PEG ratio, compared to Ormat Technologies. The article suggests that value investors might find Clearway Energy more appealing due to its stronger estimate revision activity and better valuation grades. The analysis is based on various traditional financial metrics used by value investors.

growth-positive

Ormat Technologies has acquired the Blue Mountain geothermal power plant from Cyrq Energy for $88 million, expanding its electricity segment generating portfolio to 1,268MW. The acquisition aligns with Ormats strategic expansion plans, which include upgrading the geothermal plant by 3.5MW and adding a 13MW solar installation. The Blue Mountain facility is under a power purchase agreement with NV Energy until 2029. Ormat also entered a $62 million hybrid tax equity partnership with Morgan Stanley Renewables in May 2025, focusing on the Lower Rio energy storage facility. The acquisition and partnerships are part of Ormats commitment to sustainable energy solutions.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, has completed the acquisition of the Blue Mountain geothermal power plant from Cyrq Energy for $88 million. This acquisition increases Ormats electricity segment generating portfolio to 1,268MW. The Blue Mountain plant, located in Nevada, currently delivers power under a PPA with NV Energy, which expires in 2029. Ormat plans to upgrade the plant to increase its capacity by 3.5MW and add a 13MW solar facility, pending approvals. This strategic acquisition aligns with Ormats growth strategy and commitment to sustainable energy solutions.

growth-positive

Ormat Technologies has seen a 1.4% increase in its stock price since its last earnings report, although it has underperformed compared to the S&P 500. The company has a Growth Score of B and a Zacks Rank #2 (Buy), indicating expectations of above-average returns in the coming months. Despite a flat trend in fresh estimates, Ormat Technologies remains a strong contender in the alternative energy sector. The article also mentions Clearway Energy, another company in the same industry, which has shown a 5.4% increase in stock value over the past month.

growth-positive

Ormat Technologies, Inc., a leader in geothermal and renewable energy, has announced the appointment of two new executives to its senior management team. Aron Willis has been appointed as Executive Vice President of the Electricity Segment, effective June 4, 2025, and will oversee operations, optimize plant performance, and implement advanced AI tools. Daniel Moelk will join as Senior Vice President, Resources, Drilling & EGS in July 2025, focusing on innovative technologies and efficiencies in drilling and exploration. These strategic appointments are expected to drive the companys growth and enhance operational excellence in the renewable energy sector.

growth-positive

The US Department of the Interior has implemented emergency permitting procedures to expedite the review and advancement of geothermal energy projects, in response to a national energy emergency declared by President Trump. Ormat Nevadas projects, including Diamond Flat, McGinness Hills, and Pinto, will benefit from these procedures. The initiative aims to enhance energy resilience and independence while maintaining environmental standards. Ormat will conduct test drilling and resource confirmation activities to evaluate the feasibility of geothermal reservoirs. The McGinness Hills project will see upgrades to existing power plants, potentially increasing output. The Bureau of Land Management will oversee environmental assessments and compliance. This move supports President Trumps energy dominance agenda and aims to strengthen national security.

growth-positive

The article discusses the promising future of the alternative energy industry in the U.S., highlighting the growth potential driven by the electric vehicle (EV) market and wind energy. Despite challenges such as increased import tariffs, the U.S. Energy Information Administration forecasts a 4.5% increase in wind generation in 2025, which is expected to boost alternative energy stocks. Companies like Bloom Energy, Ormat Technologies, and Standard Lithium are positioned to benefit from these trends. The EV market is also expected to grow significantly, with a projected market volume of $154.2 billion by 2029, driven by government incentives and falling battery costs.

growth-positive

Ormat Technologies has entered into a $62 million hybrid tax equity partnership with Morgan Stanley Renewables to develop two energy storage facilities in Texas and California. This partnership is a strategic move to optimize project economics and enhance profitability, supporting Ormats long-term growth and goal of monetizing $160 million in tax benefits by 2025. The company is expanding its operations to include energy storage services, solar PV systems, and combined energy storage with solar PV. Ormat also reported a 2.5% increase in Q1 2025 revenues and a 4.6% growth in net income. Additionally, Ormat signed an agreement to acquire a 20MW geothermal power facility from Cyrq Energy for $88 million.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, announced a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. This partnership covers the Lower Rio and Arrowleaf storage and solar projects, expected to achieve commercial operation by the end of 2025. The partnership aims to optimize project economics and profitability, supporting Ormats long-term growth and monetizing $160 million in tax benefits. The transaction highlights Ormats innovative efforts in the energy storage market and its commitment to expanding its development pipeline to meet growing demand.

growth-positive

The article compares Ormat Technologies (ORA) and GE Vernova (GEV) as potential value investment opportunities. Both companies are evaluated based on their Zacks Rank and various valuation metrics such as P/E, PEG, and P/B ratios. ORA is highlighted as the superior value option due to its stronger earnings outlook and better valuation metrics, including a forward P/E ratio of 34.22 and a P/B ratio of 1.68. The article suggests that ORA presents a better value opportunity for investors compared to GEV. The analysis is based on data and recommendations from Zacks Investment Research.

growth-negative

The article discusses Ormat Technologies, Inc.s recent earnings report, highlighting a tax benefit of $20 million that the company received. While this tax benefit positively impacted the companys profits, it is noted as a one-off event that may not recur annually. This raises concerns about the sustainability of Ormats profitability moving forward. The article suggests that the companys statutory profits might appear better than its underlying earnings power. Despite impressive earnings per share growth over the past three years, investors are advised to consider other factors such as margins, forecast growth, and return on investment. The article emphasizes the importance of understanding risks and other financial indicators before making investment decisions.

growth-positive

Ormat Technologies Inc. reported a positive first-quarter 2025 performance, with adjusted earnings per share of 68 cents, surpassing the Zacks Consensus Estimate by 17.2%. The companys revenues amounted to $229.8 million, slightly below the consensus estimate but up 2.5% year over year. The growth was driven by the product and energy storage segments, despite a decline in the electricity segment due to energy curtailments and maintenance issues. Ormats operating expenses increased slightly, and operating income declined by 3.2%. The company maintained its 2025 revenue guidance, expecting to generate between $935-$975 million. The companys cash position improved to $112.7 million as of March 31, 2025.

growth-positive

Ormat Technologies reported a revenue of US$229.8 million, marking a 2.5% increase from the first quarter of 2024. The companys net income rose by 4.6% to US$40.4 million, with a profit margin of 18%. Earnings per share (EPS) increased to US$0.67, surpassing analyst estimates by 13%. The companys shares have risen by 3.2% over the past week. Looking forward, Ormat Technologies revenue is forecasted to grow at an average rate of 8.2% annually over the next three years, outpacing the 6.7% growth forecast for the US Renewable Energy industry. The article emphasizes the importance of considering risks and provides a warning sign for Ormat Technologies.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, reported strong financial results for Q1 2025, with a 2.5% increase in total revenues and a 4.6% rise in net income. The companys adjusted EBITDA reached a record $150.3 million, marking a 6.4% increase from the previous year. The energy storage segment saw a significant revenue increase of 120%, contributing to improved margins. Ormat also signed an agreement to acquire the 20MW Blue Mountain Geothermal Power Plant from Cyrq Energy. The company reiterated its 2025 full-year guidance, reflecting confidence in its business outlook.

growth-negative

Ormat Technologies reported a revenue of $229.76 million for the quarter ended March 2025, marking a 2.5% increase year-over-year but falling short of the Zacks Consensus Estimate of $233.11 million by 1.44%. The companys EPS of $0.68 exceeded the consensus estimate of $0.58 by 17.24%. While the product revenue increased by 28.1% year-over-year, electricity revenue decreased by 5.8%. Energy storage revenue saw a significant increase of 119.2%. Despite these mixed results, Ormats stock returned 8.5% over the past month, slightly underperforming the Zacks S&P 500 composites 10.6% change. The stock holds a Zacks Rank #3 (Hold), suggesting it may perform in line with the broader market.

growth-positive

Ormat Technologies reported quarterly earnings of $0.68 per share, surpassing the Zacks Consensus Estimate of $0.58 per share, marking a 17.24% earnings surprise. This performance continues a trend of surpassing consensus EPS estimates over the last four quarters. Despite missing revenue estimates slightly with $229.76 million, the company has shown resilience with a 6.4% share price increase since the beginning of the year, outperforming the S&P 500. The companys future stock performance will depend on managements commentary and earnings outlook. Currently, Ormat holds a Zacks Rank #3 (Hold), indicating expected market-aligned performance.

growth-positive

Ormat Technologies, Inc. (ORA) is highlighted as an undervalued company with significant long-term potential in the geothermal energy sector. Despite market aversion to the upfront capital requirements and lengthy timelines of geothermal projects, Ormats stable cash flows from long-term, inflation-linked contracts in the U.S., Kenya, and Indonesia position it for steady growth. The company benefits from strong political support and a vertically integrated business model, with forecasted revenue growth from $937 million to $1.57 billion by 2033. Ormats target share price is $87, offering a 23% upside. The company is not among the most popular stocks among hedge funds, but its predictable cash flows and global diversification make it an attractive investment.

growth-positive

Ormat Technologies Inc., a geothermal company based in Reno, Nevada, reported first-quarter earnings of $40.4 million, or 66 cents per share, surpassing Wall Street expectations of 58 cents per share. Adjusted earnings were 68 cents per share. However, the companys revenue of $229.8 million fell short of the expected $233.1 million. Despite the revenue miss, Ormat Technologies remains optimistic, projecting full-year revenue between $935 million and $975 million. The report was generated using data from Zacks Investment Research.

growth-positive

The article compares Clearway Energy (CWEN) and Ormat Technologies (ORA) as potential investment options in the Alternative Energy sector. Clearway Energy is highlighted as a better value investment due to its stronger Zacks Rank of #2 (Buy) and superior Style Scores, particularly in the Value category. CWENs forward P/E ratio, PEG ratio, and P/B ratio are more favorable compared to ORA, making it a more attractive option for value investors. The article emphasizes the importance of these metrics in identifying undervalued stocks and suggests that CWEN is currently a better choice for investors seeking value opportunities.

growth-positive

Kolibri Global Energy Inc. is expected to report a year-over-year increase in earnings and revenues for the quarter ending March 2025. The market anticipates earnings of $0.13 per share, a 44.4% increase from the previous year, and revenues of $15.17 million, up 6.2%. Despite a 17.65% downward revision in the consensus EPS estimate over the last 30 days, the companys stock price may rise if actual results exceed expectations. The Zacks Earnings ESP model suggests that a positive Earnings ESP reading could indicate an earnings beat, especially when combined with a strong Zacks Rank.

growth-negative

Ormat Technologies is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ending March 2025. The companys earnings per share (EPS) is projected at $0.59, a 9.2% decrease from the previous year, while revenues are anticipated to rise by 4.6% to $234.55 million. The consensus EPS estimate has been revised upward by 7.41% over the past 30 days, reflecting analysts reassessment of their initial estimates. The upcoming earnings report, expected on May 7, could influence Ormats stock price depending on whether the actual results meet or exceed expectations. The Zacks Earnings ESP model suggests that a positive Earnings ESP reading, combined with a strong Zacks Rank, could indicate a likely earnings beat.

growth-negative

The article discusses Ormat Technologies and its financial performance, focusing on its Return on Capital Employed (ROCE). The companys ROCE has decreased from 6.7% five years ago to 3.4%, underperforming the renewable energy industry average of 4.4%. Despite a 76% increase in capital employed, sales have not significantly increased. The company recently conducted a capital raising, which may have contributed to the increased capital employed. However, the funds have not yet fully contributed to earnings, impacting the ROCE. The stock has returned only 14% over the last five years, indicating lackluster growth prospects.

growth-positive

The article compares Kolibri Global Energy Inc. (KGEI) and Ormat Technologies (ORA) in terms of value investing. KGEI is highlighted as a better value investment due to its strong Zacks Rank of #2 (Buy) and superior valuation metrics, including a forward P/E ratio of 9.90 and a PEG ratio of 0.71. In contrast, ORA has a Zacks Rank of #3 (Hold) and higher valuation ratios. KGEIs improving earnings outlook and favorable valuation metrics make it an attractive option for value investors. The article emphasizes the importance of traditional valuation metrics like P/E, P/S, and P/B ratios in assessing stock value.

growth-positive

ProFrac Holding Corp. (ACDC) experienced a significant increase in its stock price, rising by 23% in the last trading session to close at $5.30. This surge was supported by a higher-than-usual trading volume. The rise in stock price follows an analyst from Stifel raising the target price for ProFracs stocks. Despite the recent price increase, the company is expected to report a quarterly loss of $0.31 per share, a significant year-over-year decline. Revenues are also projected to decrease by 15.9% compared to the previous year. The consensus EPS estimate for the quarter has been revised downwards by 11.7% over the last 30 days. ProFrac Holding Corp. is part of the Zacks Alternative Energy - Other industry and currently holds a Zacks Rank #3 (Hold).

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, announced plans to release its first quarter financial results on May 7, 2025. The company will host a conference call on May 8, 2025, to discuss these results. Ormat is a vertically integrated company engaged in geothermal and recovered energy generation, with plans to expand its presence in the energy storage market. The company operates globally with a total generating portfolio of 1,538MW, including geothermal, solar, and energy storage facilities. Ormats operations span the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe.

growth-positive

Dandelion Energy, a private company specializing in geothermal heating and cooling, has announced a significant partnership with a major homebuilder to integrate geothermal systems into over 1,500 new homes in Colorado. This initiative, one of the largest residential geothermal deployments in the U.S., aims to standardize geothermal heating and cooling in new constructions, potentially saving homeowners $30 million over 20 years. The collaboration underscores a growing trend towards sustainable homebuilding and reducing carbon footprints. The geothermal market is expanding rapidly, with potential to meet up to 15% of global power demand by 2050. Despite challenges like workforce shortages and environmental concerns, government support could significantly reduce costs, making geothermal energy competitive with solar and wind.

growth-negative

The article discusses the current state of the clean energy sector, focusing on Ormat Technologies, Inc. amidst a bearish trend in the energy market. Despite the overall decline in energy stocks due to economic concerns and tariffs, the global renewable energy industry is experiencing significant growth. The article highlights the rapid expansion of renewable power capacity, particularly in the US, and the increasing interest in nuclear energy and energy storage. However, the US energy storage sector faces challenges due to its reliance on Chinese lithium-ion cells. Ormat Technologies is positioned within this dynamic environment, facing both opportunities and challenges.

growth-negative

Ormat Technologies, Inc. has experienced a 14% decline in share price over the past three years, despite an improvement in earnings per share (EPS) by 23% annually. This decline contrasts with a market return of about 27% over the same period. The companys revenue has grown at an 11% annual rate, and the CEOs remuneration is modest compared to peers. Shareholders have seen a 6.6% return this year, which is below the market average but better than the companys five-year average return. The article suggests that the stock might be undervalued and worth further investigation.

growth-positive

The article discusses the position of Ormat Technologies, Inc. in the context of the growing alternative energy market. As the world transitions away from fossil fuels, renewable energy sources are gaining traction, driven by favorable policies, technological advancements, and rising energy demands from sectors like AI-driven data centers. Investments in solar, wind, and battery storage are increasing, with solar investments surpassing $500 billion. Federal policies, such as the U.S. Inflation Reduction Act, are supporting this growth through tax credits and incentives. The demand for electricity is expected to rise, particularly from data centers, further boosting the need for renewable energy solutions. Nuclear energy is also seeing renewed interest as a reliable emissions-free option.

growth-positive

The article compares two companies, Clearway Energy (CWENA) and Ormat Technologies (ORA), in the Alternative Energy sector to determine which is a better option for value investors. Clearway Energy is highlighted as the more attractive investment due to its stronger Zacks Rank of #2 (Buy) compared to Ormat Technologies #3 (Hold). CWENA also boasts better valuation metrics, including a lower forward P/E ratio and PEG ratio, as well as a more favorable P/B ratio. These factors contribute to CWENAs higher Value grade of B, compared to ORAs C. The article suggests that value investors might find CWENA a better choice at present.

growth-positive

The article compares Clearway Energy (CWENA) and Ormat Technologies (ORA) to determine which is a better option for value investors. Clearway Energy is highlighted as the superior choice due to its strong Zacks Rank of #2 (Buy) and impressive valuation metrics, including a forward P/E ratio of 17.52 and a PEG ratio of 0.43. These metrics indicate that CWENA is undervalued compared to ORA, which has a higher forward P/E ratio of 32.70 and a PEG ratio of 3.27. The article emphasizes that CWENAs solid earnings outlook and favorable valuation figures make it a more attractive investment option.

growth-positive

The article compares Clearway Energy (CWENA) and Ormat Technologies (ORA) to determine which presents a better value opportunity for investors. Clearway Energy is highlighted as the superior value option due to its strong Zacks Rank of #2 (Buy) and favorable valuation metrics, such as a forward P/E ratio of 18 and a PEG ratio of 0.45. The article emphasizes the importance of these metrics in identifying undervalued companies. Clearway Energys solid earnings outlook and better valuation figures make it a more attractive investment compared to Ormat Technologies, which has a Zacks Rank of #3 (Hold) and higher valuation ratios.

growth-positive

Ormat Technologies, Inc. recently released its full-year results, reporting US$880 million in revenue, which aligns with analyst forecasts. The companys earnings per share (EPS) of US$2.04 exceeded expectations by 9%. Analysts have updated their earnings models, predicting revenues of US$961.6 million in 2025, representing a 9.3% increase over the past year. Despite a minor downgrade in EPS forecasts to US$2.02, the consensus price target remains unchanged at US$83.78. Analysts expect Ormat Technologies growth to accelerate, with a forecasted 9.3% annual growth rate through 2025, comparable to the industry average of 7.5%. The companys growth prospects are viewed positively, with no significant changes in valuation expectations.

growth-positive

Ormat Technologies Inc reported a 6.1% increase in total revenues for 2024, driven by growth in its business segments. The company achieved a 14.3% increase in adjusted EBITDA, indicating strong financial performance. The acquisition of strategic assets significantly boosted revenues and EBITDA in the electricity segment. Ormat secured three new PPAs with higher rates, reflecting strong demand for geothermal energy. The energy storage segment saw a 56.7% revenue increase in Q4 and 30.6% for the full year, driven by new facilities coming online. However, fourth-quarter revenue decreased by 4.4% year over year, primarily due to curtailment impacts in the electricity segment. The company anticipates continued curtailment issues in 2025, potentially impacting revenues by $10 million to $15 million.

growth-positive

Ormat Technologies Inc held its fourth-quarter and full-year 2024 earnings conference call, led by CEO Doron Blachar and CFO Assaf Ginzburg. The call included discussions on forward-looking statements, financial projections, and non-GAAP financial measures. Analysts from various financial institutions participated, including Oppenheimer & Co., Roth Capital Partners, Jefferies, Piper Sandler, and Citi. The company emphasized the importance of understanding risk factors and uncertainties as outlined in their SEC filings. The event was recorded, and a slide presentation is available on Ormats website.

growth-positive

Ormat Technologies reported a revenue of $879.7 million, marking a 6.1% increase from the previous fiscal year. The net income remained flat at $123.7 million, while the profit margin was consistent at 14%. Earnings per share (EPS) slightly decreased to $2.05 from $2.09. The companys revenue was primarily driven by its Electricity segment, contributing $702.3 million. Despite high costs of sales, the company is forecasted to grow its revenue by 8.8% annually over the next three years, outpacing the US Renewable Energy industrys forecasted growth of 7.6%. The article highlights the companys stable financial performance and future growth prospects.

growth-positive

Ormat Technologies Inc. reported a positive earnings surprise for the fourth quarter of 2024, with adjusted earnings per share of 72 cents, surpassing the Zacks Consensus Estimate of 47 cents. This represents a 53.2% increase over the estimate and a 7.5% increase from the previous year. However, the companys revenues of $230.7 million fell short of the consensus estimate of $234 million and declined 4.4% year over year, primarily due to lower revenues from its electricity and product segments. Despite this, Ormats annual revenues for 2024 increased by 6.1% to $879.7 million. The company has provided guidance for 2025, expecting revenues between $935 million and $975 million, with anticipated growth in its electricity and energy storage segments.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, reported strong financial results for the year ending December 31, 2024. The company achieved a 6.1% increase in total revenues, driven by growth across its electricity, product, and energy storage segments. Operating income rose by 3.5%, while adjusted EBITDA saw a significant 14.3% increase. The company also expanded its generating capacity by 253MW through organic growth and strategic M&A activities. Ormat remains on track to achieve its generating capacity goals of 2.6 to 2.8 GW by 2028. The positive financial performance and strategic expansion efforts underscore Ormats growth momentum and its commitment to enhancing its renewable energy portfolio.

growth-positive

Ormat Technologies Inc., a geothermal company based in Reno, Nevada, reported a fourth-quarter net income of $40.8 million, translating to a profit of 67 cents per share. Adjusted earnings were 72 cents per share, surpassing Wall Street expectations of 47 cents per share. However, the companys revenue of $230.7 million fell short of the anticipated $233.7 million. For the full year, Ormat Technologies reported a profit of $123.7 million and revenue of $879.7 million. The company projects its full-year revenue to be between $935 million and $975 million.

growth-positive

Ormat Technologies reported quarterly earnings of $0.72 per share, surpassing the Zacks Consensus Estimate of $0.47 per share, marking a 53.19% earnings surprise. This is an improvement from the previous years $0.67 per share. However, the company reported revenues of $230.74 million, which fell short of the consensus estimate by 1.27%. Despite underperforming the market with a 1.2% share increase compared to the S&P 500s 1.3% gain, Ormat has consistently exceeded earnings expectations in three of the last four quarters. The companys future stock performance will depend on managements commentary and earnings outlook. The current consensus EPS estimate for the next quarter is $0.67 on $234.83 million in revenues.

growth-negative

Ormat Technologies is expected to report quarterly earnings of $0.46 per share, indicating a 31.3% year-over-year decline. Revenues are projected to be $234.1 million, down 3% from the previous year. Analysts have revised the consensus EPS estimate downward by 1.3% over the past 30 days. The report highlights changes in key metrics, with Revenues- Product expected to decrease by 31%, while Revenues- Energy storage is anticipated to increase by 45.7%. Revenues- Electricity is projected to rise by 2.8%. Despite these challenges, Ormat Technologies stock has increased by 5.4% over the past month, compared to a -0.5% change in the Zacks S&P 500 composite.

growth-positive

Ormat Technologies has entered the Israeli utility-scale energy storage market by securing two 15-year tolling agreements for energy storage facilities, developed in partnership with Allied Infrastructure. The projects, with a combined capacity of 300MW/1200MWh, mark Ormats first owned project in Israel. This strategic move is expected to enhance the companys portfolio profitability and stability, aligning with its growth strategy in energy storage. The partnership aims to expand Ormats activities by developing additional facilities in the region. Construction is set to begin in early 2025, with operations anticipated by 2028. The agreement includes an option to transition to the merchant market.

growth-positive

Ormat Technologies, Inc. has secured two 15-year tolling agreements for energy storage facilities in Israel, marking its first major entry into the Israeli utility-scale energy storage market. The projects, developed in partnership with Allied Infrastructure LTD, will have a combined capacity of 300MW/1200MWh. This strategic move is expected to enhance Ormats portfolio profitability and stability, aligning with its growth strategy in the energy storage sector. The partnership with Allied is a significant step towards achieving Israels renewable energy goals. The commercial operation of these projects is expected by 2028.

growth-negative

The article discusses Ormat Technologies, focusing on its Return on Equity (ROE) and overall financial performance. Despite a 20% drop in stock value over the past three months, Ormats financial indicators suggest potential long-term growth. The companys ROE is 5.0%, which is slightly above the industry average of 4.3%. However, its net income growth of 9.3% is below the industry average of 18% over the same period. This discrepancy suggests that while Ormat is managing its resources effectively, it may not be growing as rapidly as its peers. The article implies that strategic management decisions or a low payout ratio might be contributing to its current growth.

growth-positive

The article compares World Kinect Corporation (WKC) and Ormat Technologies (ORA) from a value investment perspective. WKC is highlighted as a more attractive option due to its stronger Zacks Rank of #2 (Buy) compared to ORAs #4 (Sell). WKCs valuation metrics, such as a forward P/E ratio of 11.16 and a PEG ratio of 0.92, indicate it is undervalued relative to ORA, which has a forward P/E of 29.71 and a PEG ratio of 2.97. WKC also has a P/B ratio of 0.80, compared to ORAs 1.53. These factors contribute to WKCs Value grade of A, suggesting it is a superior value investment.

growth-positive

Ormat Technologies has announced the successful commencement of commercial operations for the 35MW Ijen geothermal power plant in East Java, Indonesia. The plant is a joint venture with PT Medco Power Indonesia, with Ormat owning a 17MW share. This facility is part of Indonesias plan to expand its geothermal capacity by 7.2 GW by 2035. The Ijen plant, equipped with Ormat Energy Converter, has a total planned capacity of 110 MW under a 30-year power purchase agreement. This marks a significant milestone for Ormat in expanding its geothermal energy footprint.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, announced the successful commencement of commercial operations for the 35MW Ijen geothermal power plant in East Java, Indonesia. The plant is jointly owned with PT Medco Power Indonesia through their subsidiary PT Medco Cahaya Geothermal. Ormats share of the facility is 17MW. This marks a significant step in Indonesias plan to increase geothermal capacity by 7.2 GW by 2035. The Ijen facility, with a total planned capacity of 110 MW, operates under a 30-year power purchase agreement. Ormat aims to expand its presence in Indonesia, leveraging the countrys vast geothermal potential to support its growth strategy and contribute to Indonesias net-zero emissions goal.

growth-positive

The article compares Kolibri Global Energy Inc. (KGEI) and Ormat Technologies (ORA) as potential value stocks for investors interested in alternative energy. KGEI is highlighted as the better option due to its stronger earnings outlook and more attractive valuation metrics, such as a lower forward P/E ratio and PEG ratio compared to ORA. KGEI holds a Value grade of A, while ORA has a Value grade of D. The article emphasizes the importance of using a combination of Zacks Rank and Style Scores to identify undervalued stocks with positive earnings estimate revision trends.

growth-positive

Ormat Technologies, Inc., a leader in geothermal and renewable energy, has signed a 10-year Power Purchase Agreement (PPA) with Calpine Energy Solutions. This agreement involves the purchase of up to 15 megawatts of renewable energy from Ormats Mammoth 2 geothermal power plant, starting in 2027. The new PPA replaces an existing agreement with Southern California Edison Company and features increased production capacity and a higher price point. This partnership underscores the growing demand for renewable energy in California, driven by compliance needs and corporate demand. Ormats CEO, Doron Blachar, emphasized the companys commitment to expanding its generation capacity and supporting sustainability goals.

growth-negative

The article reports on a decline in energy stocks, specifically mentioning ORA, which saw a decrease of 3.01% in its stock value. The NYSE Energy Sector Index also decreased by 0.6% on Wednesday afternoon. The article suggests a negative impact on ORA due to the overall downturn in the energy sector. The report is part of a premium news service, requiring a subscription for full access.

growth-positive

Ormat Technologies, Inc., a leader in geothermal and renewable energy, announced plans to release its fourth quarter and full year 2024 financial results on February 26, 2025. The company will hold a conference call on February 27, 2025, to discuss these results. Ormat is a vertically integrated company engaged in geothermal and recovered energy generation, with a focus on expanding its presence in the energy storage market. The company operates globally, with a total generating portfolio of 1,520MW, including geothermal, solar, and energy storage facilities. Ormats strategic growth in energy storage and renewable energy sectors positions it for long-term success.

growth-negative

Jefferies has initiated coverage of Ormat Technologies with a Hold rating and a price target of $73. The firm identifies near-term recontracting as a potential growth opportunity for Ormat, which specializes in geothermal and battery storage. However, execution risks are highlighted due to Ormats recent performance history. The article also mentions Ormats commercial operation commencement of the Montague facility and its acquisition of strategic land parcels in Utah. The analysis suggests potential challenges in the solar industry due to added tariff costs. Overall, the article presents a cautious outlook for Ormat Technologies, emphasizing the need for careful execution to capitalize on growth opportunities.

growth-positive

The article compares Clearway Energy (CWEN) and Ormat Technologies (ORA) as potential value investment opportunities in the alternative energy sector. Clearway Energy is highlighted as the superior value option due to its strong earnings outlook and favorable valuation metrics. The article emphasizes the importance of the Zacks Rank and Style Scores system in identifying value stocks, noting that CWEN has a Zacks Rank of #2 (Buy) and a Value grade of A. Key valuation metrics such as P/E, PEG, and P/B ratios are discussed, with CWEN showing more favorable figures compared to ORA. The article suggests that CWEN is currently undervalued and presents a better investment opportunity.

growth-positive

Ormat Technologies, Inc., a leader in geothermal and renewable energy, announced the successful start of commercial operations for its Montague energy storage facility in New Jersey. This 20MW/20MWh Battery Energy Storage System will provide ancillary services to the PJM market and is expected to qualify for a 30% Investment Tax Credit. The Montague project increases Ormats total capacity in the PJM market to 120MW/120MWh, reflecting the companys strategic growth in the U.S. energy storage sector. Ormat aims to achieve a 950MW-1050MW/2.5GWh-2.9GWh energy storage portfolio by 2028. The project supports grid reliability and the transition to cleaner energy. Ormat continues to expand its energy storage and renewable energy capabilities globally.

growth-positive

Ormat Technologies, Inc. announced the successful commencement of commercial operations for its Montague energy storage facility in New Jersey. The facility, with a capacity of 20MW/20MWh, will provide ancillary services to the PJM market. This development is part of Ormats strategic growth in the U.S. energy storage market, increasing its total capacity in the PJM market to 120MW/120MWh. The Montague project is expected to be eligible for a 30% Investment Tax Credit, reflecting Ormats commitment to expanding its energy storage portfolio and improving profitability. The company aims to achieve a 950MW-1050MW/2.5GWh-2.9GWh energy storage portfolio capacity target by 2028.

growth-positive

Ormat Technologies Inc. recently acquired 1,678 acres of land in Utah during a Bureau of Land Management auction. This acquisition is part of Ormats strategy to expand its geothermal energy footprint by building two new geothermal power plants near its Cove Fort facility. The first plants exploration is set to begin in 2025, with commercial operations expected by 2027. This move aligns with the growing transition to renewable energy sources, driven by climate change impacts. Ormats expansion is supported by the forecasted growth in the global geothermal energy market, with a projected CAGR of 3.1% from 2024 to 2030. The company has been enhancing its capacity, reaching 1.4 gigawatts by September 2024, primarily from geothermal sources.

growth-negative

The article discusses Teslas Q4 delivery expectations, with Barclays projecting 515,000 units, slightly above the consensus estimate of 511,000. Despite this potential beat, Barclays suggests that it may not significantly impact Teslas stock narrative, which is heavily influenced by technicals and options rather than fundamentals. The firm maintains an Equal Weight rating on Tesla with a $270 price target, noting a disconnect between the stocks rally and the companys fundamentals. The article also highlights Teslas focus on autonomous vehicles and artificial intelligence, with the planned launch of Unsupervised FSD in 2025. Overall, the article portrays a cautious outlook on Teslas growth, emphasizing the narrative-driven nature of its stock performance.

growth-positive

Ormat Technologies, Inc., a leader in geothermal and renewable energy, has secured 1,678 acres in Utahs Bureau of Land Management auction. This acquisition supports Ormats ongoing operations and development projects, enabling the company to develop two new power plants near its Cove Fort facility. The first plant, Cove Fort 2, is expected to begin exploration in 2025, with a commercial operation date anticipated in 2027. The second plant, Cove Fort North, will be developed later. This strategic move aligns with Ormats commitment to advancing renewable energy solutions and meeting Utahs growing demand for sustainable energy. The acquisition marks a significant milestone in Ormats efforts to harness geothermal energy and contribute to a sustainable future.

growth-positive

The article discusses the involvement of activist investors with several companies, including First Solar, Bicycle Therapeutics, Garrett Motion, Frontier Communications, nCino, and Ormat Technologies. These investors have reported their activities to the SEC, indicating potential strategic changes or influence on the companies mentioned. The presence of activist investors is generally seen as a growth-positive indicator as they often push for changes that can enhance shareholder value.

growth-negative

Ormat Technologies, Inc. announced a secondary offering of 3,700,000 shares of its common stock on behalf of ORIX Corporation, priced at $76.20 per share. The offering is expected to close on December 13, 2024, with Goldman Sachs & Co. LLC acting as the sole book-running manager. Ormat will not receive any proceeds from this sale, as it is not offering any shares for its own account. The offering is part of a shelf registration statement filed with the U.S. Securities and Exchange Commission. Ormat is a leading geothermal and renewable energy company with a significant presence in energy storage and solar PV markets globally.

growth-negative

Ormat Technologies, Inc., a leader in geothermal and renewable energy, announced a secondary offering of 3,700,000 shares of its common stock on behalf of ORIX Corporation. The company itself is not offering any shares and will not receive proceeds from this sale. Goldman Sachs & Co. LLC is managing the offering, with an option to purchase an additional 555,000 shares. Ormat is focused on expanding its energy storage market presence in the U.S. and globally. The company has a significant portfolio in geothermal and solar generation, with operations in multiple countries. This offering is part of a shelf registration filed with the SEC.

growth-negative

Ormat Technologies recently released its third-quarter 2024 earnings report, which showed mixed results. The company reported adjusted earnings per share of 42 cents, surpassing the Zacks Consensus Estimate of 30 cents by 40%. However, this was a decline from the previous years 47 cents per share. Revenues increased by 1.8% year-over-year to $211.8 million, driven by higher electricity segment revenues, particularly from acquired Enel assets and increased generation at Puna. Despite the revenue growth, the companys operating income and net interest expenses saw negative trends. Ormats updated 2024 revenue guidance is now between $875-$893 million, slightly narrower than previous estimates. The companys shares have declined by 5.8% since the last earnings report, underperforming the S&P 500.

growth-positive

The article compares two alternative energy companies, Excelerate Energy (EE) and Ormat Technologies (ORA), focusing on their valuation metrics and Zacks Rank. Excelerate Energy is highlighted as the better option for value investors due to its stronger Zacks Rank of #2 (Buy) compared to Ormat Technologies #3 (Hold). EE also has more favorable valuation metrics, including a lower forward P/E ratio and PEG ratio, indicating it may be undervalued at its current share price. The article suggests that Excelerate Energy is likely to see its earnings outlook improve, making it an attractive choice for investors seeking undervalued stocks.

growth-positive

The article discusses Ormat Technologies, highlighting its consistent profitability and growth in earnings per share (EPS). Despite some dampening in EBIT margins, the company has shown a 19% compound annual growth in EPS over the past three years, which is a positive indicator for long-term investors. The article suggests that if Ormat Technologies can maintain its revenue growth and stabilize EBIT margins, it could continue to add long-term value for shareholders. The analysis also notes that the CEOs compensation is around the median for companies with similar market caps, indicating a consideration for shareholder interests.

growth-positive

Ormat Technologies has secured a $200 million contract with Contact Energy to develop the 101MW Te Mihi Stage 2 geothermal power plant in New Zealand. This project, expected to be operational by mid-2027, is Ormats fourth major project in the country and will replace the Wairakei geothermal power station. The agreement highlights Ormats expertise in binary technology for high enthalpy geothermal reservoirs. A potential third phase, Te Mihi Stage 3, is also under consideration, which could further increase New Zealands geothermal energy capacity by mid-2031. This partnership strengthens Ormats position as a market leader and supports New Zealands zero emissions goal.

growth-positive

Ormat Technologies, Inc. has signed a $200 million Engineering, Procurement, and Construction (EPC) contract with Contact Energy for the development of the 101-megawatt Te Mihi Stage 2 geothermal power plant in New Zealand. This project is part of a broader shift towards renewable energy sources to combat climate change. The contract is expected to boost Ormats revenue, with most earnings recognized in 2026 and 2027. The project strengthens Ormats position in New Zealands renewable energy sector and highlights its expertise in geothermal technology. The company anticipates further growth opportunities with the potential for a second phase, Te Mihi Stage 3, by 2031.

growth-positive

Ormat Technologies, Inc., a leading geothermal and renewable energy company, has announced a significant partnership with Contact Energy to develop the Te Mihi Stage 2 geothermal power plant in New Zealand. The Engineering, Procurement, and Construction (EPC) contract is valued at approximately $200 million and is expected to be signed following board approval from Contact Energy. This project will replace the older Wairakei geothermal power station and is part of Ormats strategy to expand its presence in New Zealand and support the countrys zero emissions goal. The project is expected to be completed by mid-2027, with a potential second phase, Te Mihi Stage 3, planned for mid-2031.

growth-positive

Ormat Technologies Inc., a leading renewable energy company, announced a successful transaction to transfer investment tax credits (ITCs) from its Bottleneck Project to a third party. This deal, facilitated under the Inflation Reduction Act, is expected to yield up to $152 million in cash tax benefits for the year. The transactions net proceeds amounted to approximately $46.7 million after fees. This marks Ormats first large ITC transfer, highlighting its innovative funding approach for long-term growth. The proceeds, along with $14 million from monetized PTCs, will support the companys growth capital expenditures while maintaining a strong balance sheet. Ormats financial advisor was Paragon Energy Capital, and legal counsel was Sheppard Mullin.

growth-negative

Ormat Technologies Inc. reported its third-quarter 2024 financial results, which showed a mixed performance. The company achieved adjusted earnings per share of 42 cents, surpassing the Zacks Consensus Estimate of 30 cents, but this was a decline from the previous years 47 cents. The decline was attributed to the absence of tax income from changes in Kenya’s tax laws. Revenues increased by 1.8% year over year to $211.8 million, driven by the electricity segment, which benefited from acquired Enel assets. However, the product and energy segments saw revenue declines. Operating expenses rose, and net interest expenses increased significantly. Ormat updated its 2024 revenue guidance to a narrower range, with expectations for the electricity segment slightly reduced. The company projects annual adjusted EBITDA to be higher than previously guided.

growth-negative

Ormat Technologies, Inc. recently released its quarterly results, leading to a 5.6% increase in share price to $83.13. Despite revenues of $212 million falling short of expectations, the company reported statutory per-share profits of $0.36, which were 27% ahead of estimates. Analysts have adjusted their earnings model, predicting revenues of $979.4 million and earnings per share of $2.21 by 2025, reflecting a 10% revenue increase and a 12% EPS increase. However, these figures are slightly lower than previous forecasts, indicating a minor downgrade in earnings expectations. The consensus price target remains largely unchanged at $85.57, suggesting that the forecasted decline in earnings is not expected to significantly impact valuation. Analysts anticipate Ormats growth to align with the industry average, with a forecasted annual growth rate of 7.9% through 2025.

growth-positive

The article discusses the valuation of Ormat Technologies, Inc. (NYSE:ORA) using a two-stage Discounted Cash Flow (DCF) model. The analysis suggests that the companys fair value is estimated at US$126 per share, indicating that the current share price of US$83.05 is potentially 34% undervalued. Analysts have set a price target of US$82.57, which is 35% below the fair value estimate. The DCF model used in the analysis considers two stages of growth: an initial high growth period followed by a steady growth phase. The model estimates the companys future cash flows over the next ten years, which are then discounted to present value. This analysis highlights the potential undervaluation of Ormat Technologies stock.

growth-negative

Ormat Technologies Inc reported a mixed financial performance with a 16.3% increase in adjusted EBITDA, driven by operational improvements and strategic acquisitions. However, the company faced challenges, including a decline in net income to $22.1 million due to tax changes in Kenya and an unplanned outage at the Dixie Valley facility, which negatively impacted revenues and EBITDA. The energy storage segment saw an 11.1% revenue decline due to lower market prices. Despite these setbacks, Ormat signed two tolling agreements in Texas and one in California, indicating potential future growth. The companys total debt rose to approximately $2.4 billion, reflecting a significant leverage position. The report highlights Ormats commitment to compliance, as evidenced by the resolution of an SEC investigation without enforcement action.

growth-positive

The article discusses Ormat Technologies Incs third-quarter 2024 earnings conference call. The call was hosted by key executives including CEO Doron Blachar and CFO Assaf Ginzburg, with participation from analysts and investor relations representatives. The discussion focused on the companys financial performance, future expectations, and the use of non-GAAP financial measures like adjusted EBITDA. The company emphasized that forward-looking statements are based on current estimates and projections, and actual results may vary due to risks and uncertainties. The presentation accompanying the call is available on Ormats website. No specific financial figures, partnerships, or customer details were disclosed in the article.

growth-positive

Ormat Technologies reported quarterly earnings of $0.42 per share, surpassing the Zacks Consensus Estimate of $0.30 per share, marking a 40% earnings surprise. The companys revenue for the quarter was $211.78 million, slightly above the consensus estimate and higher than the previous years $208.06 million. Despite underperforming the S&P 500s gain of 21.2% with an 8% increase in share price since the beginning of the year, Ormat has consistently exceeded earnings and revenue estimates in three of the last four quarters. The companys future stock performance will depend on managements commentary and earnings outlook, with a current Zacks Rank of #3 (Hold).

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, reported strong financial results for the third quarter of 2024, ending September 30. The company achieved revenue and adjusted EBITDA growth, driven by solid operational execution and an expanded generation portfolio. The electricity segment saw a 4.7% increase in revenues, while the energy storage segment experienced a decline. Despite a decrease in net income, adjusted EBITDA grew by 16.3%, prompting the company to raise its full-year adjusted EBITDA guidance. The company also announced the commercial operation of its largest storage project to date and plans to complete the projects investment tax credit transfer by the end of the year. The results reflect Ormats robust performance and confidence in future growth.

growth-positive

Ormat Technologies Inc., a geothermal company based in Reno, Nevada, reported third-quarter earnings of $22.1 million, or 36 cents per share. Adjusted earnings were 42 cents per share, surpassing Wall Street expectations of 30 cents per share. The company also reported revenue of $211.8 million, slightly exceeding forecasts of $211.7 million. Ormat Technologies anticipates full-year revenue to be between $875 million and $893 million. The positive earnings and revenue results indicate a growth-positive impact for the company.

growth-positive

Ormat Technologies Inc., a prominent player in the renewable energy sector, has released its 2023 Sustainability Report, highlighting significant achievements in environmental, social, and governance (ESG) performance. The report details the companys success in avoiding over 2.2 million metric tons of CO2e emissions, reducing GHG emissions intensity by 28% from a 2019 baseline, and donating $1.3 million to community development projects. Ormat has established an ESG Board Committee and conducted a comprehensive mapping of Scope 3 emissions. The company continues to focus on sustainability as a core business philosophy, aiming to enhance decision-making, risk management, and stakeholder engagement. Ormat is also expanding its presence in the energy storage market, with a total generating portfolio of 1,500MW, including geothermal, solar, and energy storage capacities.

growth-positive

Ameresco is anticipated to report a year-over-year increase in earnings and revenues for the quarter ending September 2024. The company is expected to post earnings of $0.50 per share, a 25% increase from the previous year, and revenues of $485.86 million, up 45%. The earnings report, scheduled for November 7, could influence the companys stock price depending on whether the actual results meet or exceed expectations. The Zacks Earnings ESP model suggests that a positive earnings surprise is likely, especially when combined with a strong Zacks Rank. The consensus EPS estimate has been slightly revised downward by 1.36% over the past 30 days, reflecting analysts reassessment of their initial estimates.

growth-negative

Ormat Technologies is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending September 2024. The earnings report, expected on November 6, 2024, could influence the companys stock price based on whether the results meet or exceed expectations. The company is projected to post earnings of $0.33 per share, a decrease of 29.8% from the previous year, while revenues are expected to rise by 1.7% to $211.64 million. Analysts have revised the EPS estimate downward by 2.62% in the past 30 days. The Zacks Earnings ESP model suggests that a positive Earnings ESP reading, combined with a strong Zacks Rank, could predict an earnings beat, potentially impacting the stock price positively.

growth-positive

The article compares Clearway Energy (CWEN) and Ormat Technologies (ORA) to determine which is more attractive to value investors. Clearway Energy currently has a Zacks Rank of #2 (Buy), indicating strong earnings estimate revision trends, while Ormat Technologies has a Zacks Rank of #5 (Strong Sell). CWENs valuation metrics, such as a forward P/E ratio of 30.32 and a PEG ratio of 2.17, suggest it is undervalued compared to ORA, which has higher ratios. CWEN also has a P/B ratio of 0.91, compared to ORAs 1.96. Based on these metrics, CWEN is considered the superior value option. The article highlights the importance of combining Zacks Rank with Style Scores for identifying value opportunities.

growth-positive

Ormat Technologies Inc. has commenced commercial operations for its largest energy storage facility, the Bottleneck project, located in Californias Central Valley. This 80MW/320MWh Battery Energy Storage System will provide services to San Diego Gas & Electric under a 15-year Power Purchase Agreement. The project is expected to qualify for a 40% Investment Tax Credit, which Ormat plans to monetize by year-end. This development is part of Ormats strategic growth in the energy storage sector, aiming to achieve a 950MW-1050MW/2.5GWh-2.9GWh portfolio capacity by 2028. The Bottleneck project enhances Ormats storage segment with long-term contracted revenues and improved margins, supporting Californias clean energy goals.

growth-positive

Ormat Technologies has experienced an improvement in its stock price performance, leading to an upgrade in its IBD Relative Strength Rating. This positive development indicates a growth-positive impact on the company, as recognized by Investors Business Daily. The article highlights the companys rising stock performance, which is a key theme of the report.

growth-negative

The article discusses Ormat Technologies and its current financial performance, focusing on the Return on Capital Employed (ROCE). The companys ROCE has decreased from 6.7% five years ago to 3.6% currently, which is below the industry average. Despite this decline, both revenue and capital employed have increased, suggesting potential long-term growth if the additional capital generates returns. The stock has delivered a 4.3% gain over the last five years, indicating some investor confidence. However, the current low ROCE is a concern, and the article suggests that while Ormat Technologies may not be the best performer now, it could be a worthwhile investment if other fundamentals are strong.

growth-positive

Ormat Technologies Inc., a leading renewable energy company, announced the acquisition of multiple land parcels in Nevada during the Annual Bureau of Land Management Auction. These acquisitions are expected to bolster Ormats exploration and expansion efforts, particularly in geothermal energy production. The newly leased parcels include a greenfield prospect and expansion opportunities for existing assets, which align with Ormats commitment to providing sustainable energy solutions in Nevada. The company, with nearly 60 years of experience, is a leader in geothermal energy and is expanding into energy storage and solar PV markets. This strategic move is seen as growth-positive, enhancing Ormats position in the U.S. energy market.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, announced plans to release its third-quarter financial results on November 6, 2024. The company will host a conference call on November 7, 2024, to discuss these results. Ormat Technologies is a vertically integrated company specializing in geothermal and recovered energy generation, with a focus on expanding its presence in the energy storage market. The company operates globally, with a significant portfolio in geothermal and solar generation, as well as energy storage. Ormats strategic growth in the energy storage sector is expected to bolster its long-term growth prospects.

growth-positive

Ormat Technologies, Inc. (NYSE:ORA) has seen its share price increase by 13% over the last three years, although this is below the market return. The companys EPS grew at an annual rate of 22% over the same period, suggesting that market expectations for growth have moderated. The total shareholder return (TSR) for the last three years was 16%, boosted by dividends. Over the past year, the stock is up 8.1%, which is better than the average annual return of 1.6% over five years. The article suggests that returns may improve along with business fundamentals.

growth-positive

Ormat Technologies stock has risen by 1.6% over the past month, likely due to its decent financial performance. The companys return on equity (ROE) is 5.6%, which is higher than the industry average of 4.6%. This has contributed to a respectable earnings growth of 7.2% over the past five years. Despite a lower-than-industry net income growth rate, Ormat has effectively used its retained earnings, maintaining a moderate payout ratio and consistently paying dividends for at least ten years. Analysts expect the companys earnings to gain momentum in the future.

growth-positive

Ormat Technologies has signed two seven-year tolling agreements with Equilibrium Energy for Texas-based energy storage facilities, Lower Rio and Bird Dog. The facilities, each with a storage capacity of 60 MW/120 MWh, are expected to be operational in Q2 2023 and Q4 2025 respectively. The agreements secure fixed revenues for the energy and services provided by the facilities, ensuring a steady revenue stream for Ormat. The company is also constructing seven additional energy storage projects in California, Texas, and New Jersey, with a total capacity of 355 MW/1,060 MWh.

growth-positive

Ormat Technologies, Inc. has signed two seven-year tolling agreements with Equilibrium Energy for the Lower Rio and Bird Dog Energy Storage facilities in Texas. This marks Ormat’s first tolling agreements in the ERCOT market. The Lower Rio project is expected to be online in Q2 2025, while the Bird Dog facility is anticipated to be operational in Q4 2025. Both projects are entitled to receive a 40% investment tax credit under the Inflation Reduction Act. This has enabled Ormat to start construction on the recently announced 100MW/200MWh Louisa project, expected to be online by the end of 2026.

growth-negative

Ormat Technologies reported its Q2 2024 results with revenue of $213.0m, up 9.3% from Q2 2023, and net income of $22.2m, down 8.1% from Q2 2023. The profit margin was 10%, down from 12% in Q2 2023 due to higher expenses. EPS was $0.37, down from $0.40 in Q2 2023. Revenue exceeded analyst estimates by 1.6%, but EPS missed estimates by 1.3%. The companys shares are down 6.6% from a week ago.

growth-positive

Ormat Technologies Inc reported strong financial results for the second quarter of 2024, with a 9.3% increase in total revenues and a 25% increase in adjusted EBITDA compared to the same period last year. The improved performance was primarily driven by the expansion of the companys capacity-generating portfolio and improved operating performance. The companys electricity segment saw consistent growth during the quarter, largely driven by the addition of the Enel assets that were acquired at the beginning of the year. The companys energy storage segment also showed improved results, with strong revenue growth compared to the prior year.

growth-positive

Ormat Technologies, a global player in geothermal, solar and storage, plans to double its portfolio capacity to at least 2.6 gigawatts by 2028. The Nevada-based company has 10 geothermal, three solar and seven energy storage projects under development. It is focusing on U.S. growth as the country adds more renewable energy and battery energy storage systems to grids. Ormat reported quarterly revenues increased year-over-year by 9.3% to $213 million. The company plans to start commercial operations at several geothermal sites in the U.S. by year-end 2025 and bring more projects into commercial operation in 2026.

growth-positive

Ormat Technologies Inc. reported its Q2 2024 earnings, with an adjusted EPS of 40 cents, beating the Zacks Consensus Estimate by 8.1%. The companys revenues were $213 million, a 9.3% YoY increase, driven by higher revenues from all three of its segments. The companys total operating expenses were $26.3 million, a 3.9% YoY increase. The company updated its 2024 guidance, expecting to generate revenues in the range of $875-$910 million. The annual adjusted EBITDA is projected to be in the band of $520-$550 million.

growth-positive

Ormat Technologies Inc. reported a second-quarter net income of $22.2 million, surpassing Wall Street expectations. The companys earnings, adjusted for non-recurring costs, were 40 cents per share, exceeding the average estimate of 37 cents per share by four analysts surveyed by Zacks Investment Research. The geothermal company also posted revenue of $213 million in the period, again exceeding Street forecasts. Ormat Technologies expects full-year revenue in the range of $875 million to $910 million.

growth-positive

Ormat Technologies reported quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.37 per share. The company posted revenues of $212.96 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.91%. Despite this, Ormat Technologies shares have lost about 4% since the beginning of the year. The companys earnings outlook will be a key factor in determining future stock movements. The companys performance is also influenced by the outlook of the Alternative Energy - Other industry, which is currently in the bottom 34% of the 250 plus Zacks industries.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, has announced its financial results for the second quarter ended June 30, 2024. The company reported a 9.3% increase in total revenues year-over-year, with growth realized across all three operating segments. The increased profitability in all segments led to a 45% increase in operating income and a 25% increase in adjusted EBITDA. The companys CEO, Doron Blachar, attributed the strong results to strategic expansion and improved operating performance. The company also increased its full year EBITDA guidance range, demonstrating strong execution and confidence in the company’s forward outlook.

Growth-Negative

Crescent Energy reported quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.26 per share. This is an increase from earnings of $0.15 per share a year ago. The company posted revenues of $653.28 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.54%. Despite these positive results, Crescent Energy shares have lost about 18.2% since the beginning of the year. The companys future performance is expected to be influenced by the outlook of the Alternative Energy industry, which is currently in the bottom 27% of the 250 plus Zacks industries.

growth-positive

TC Energy has reported quarterly earnings of $0.69 per share, surpassing the Zacks Consensus Estimate of $0.65 per share. This is a decrease from earnings of $0.71 per share a year ago. The companys revenues for the quarter ended June 2024 were $2.99 billion, surpassing the Zacks Consensus Estimate by 7.56%. This is an increase from revenues of $2.85 billion a year ago. The companys shares have increased by about 8.5% since the beginning of the year. The companys future performance will depend on managements commentary on the earnings call.

Growth-Positive

The article compares the investment potential of TC Energy and Ormat Technologies, two companies in the alternative energy sector. It uses the Zacks Rank and Style Scores system to evaluate the companies, considering factors such as earnings estimates, P/E ratio, P/B ratio, and expected EPS growth rate. TC Energy is currently ranked higher than Ormat Technologies, with a Zacks Rank of #2 (Buy) compared to Ormats #3 (Hold). TC Energy also has a better Value grade (B) than Ormat (C), making it the more attractive option for value investors.

Neutral

Fluence Energy, Inc. is expected to post a year-over-year increase in earnings on lower revenues for the quarter ended June 2024. The earnings report, due to be released on August 7, 2024, could influence the companys stock price. The company is expected to post a quarterly loss of $0.12 per share, representing a year-over-year change of +40%. Revenues are expected to be $429.99 million, down 19.8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.95% higher over the last 30 days.

growth-negative

Ormat Technologies is expected to report a decline in earnings despite higher revenues for the quarter ended June 2024. The earnings report, due to be released on August 6, 2024, could impact the companys stock price. The company is expected to post quarterly earnings of $0.37 per share, a year-over-year change of -7.5%, with revenues expected to be $211.04 million, up 8.3% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.47% lower over the last 30 days.

Growth-Positive

Ormat Technologies, Inc., a leading renewable energy company, has signed a 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. The Shirk project is expected to be eligible for a 40% Investment Tax Credit, representing Ormat’s commitment to growing its Energy Storage segment in the California energy market. The agreement is Ormat’s first storage contract with the City of Riverside and is the City’s first long-term RA Agreement. The commercial operation date is guaranteed to be March 1, 2026.

growth-positive

Investors looking for stocks in the Alternative Energy sector might want to consider either TC Energy (TRP) or Ormat Technologies (ORA). According to Zacks Investment Research, TC Energy has a Zacks Rank of #2 (Buy), while Ormat Technologies has a Zacks Rank of #3 (Hold). TC Energy is currently sporting an improving earnings outlook, which makes it stick out in the Zacks Rank model. Based on the valuation metrics, TC Energy is likely the superior value option right now.

growth-positive

Ormat Technologies Inc., a leading renewable energy company, has announced plans to publish its second quarter financial results in a press release on August 6, 2024. The company has also scheduled a conference call to discuss the results the following day. Ormat Technologies is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation. The company has robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market.

growth-positive

The article discusses the potential growth of green energy stocks, particularly Ormat Technologies, Sunrun, and Enphase Energy. It highlights the increasing demand for sustainable energy solutions and the potential for these companies to capitalize on this trend. Ormat Technologies, a geothermal energy company, is noted for its financial resilience and expected revenue growth. Sunrun, a solar energy company, despite facing challenges in 2022 and 2023, is expected to see a revenue increase in 2025. Enphase Energy, an energy technology company, is also expected to see significant sales growth by the end of 2025.

growth-positive

The article discusses the growing interest in renewable energy stocks due to the increasing global energy demand and the push for zero-emission goals. Three companies are highlighted as the best renewable energy stocks to consider: NextEra Energy, a regulated electric utility company that generates power through wind, solar, natural gas, and nuclear; Ormat Technologies, a renewable utilities company specializing in geothermal and recovered energy power; and Clearway Energy, a renewable utilities company with a mix of conventional and renewable energy generation projects.

Growth-Positive

The article discusses the growth potential of renewable energy stocks, focusing on Brookfield Renewable Corp, Ormat Technologies, and Sunrun. It highlights the increasing demand for renewable energy, with the U.S. Energy Information Administration predicting a 17% expansion in renewable energy deployment this year. The global renewable sector reached a valuation of $970 billion in 2022 and is projected to be worth over $2.18 trillion by 2032. The article suggests that these companies offer viable investment options in the renewable energy sector, despite some market challenges.

growth-positive

Ormat Technologies has seen a 9.1% increase in shares since its last earnings report, outperforming the S&P 500. However, the companys Q1 2024 earnings per share of 65 cents missed the Zacks Consensus Estimate by 4.4%. Despite this, the companys bottom line improved by 27.5% year-over-year. Ormat generated revenues of $224.2 million, a 21.1% increase from the previous year, driven by higher revenues from Electricity, Product and Energy Storage segments. The company reiterated its 2024 guidance, expecting to generate revenues in the range of $860-$910 million.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, announced it will host an Investor and Analyst Day at the New York Stock Exchange on June 20, 2024. The event will include presentations from the executive leadership team, outlining the companys long-term strategy, multi-year growth framework, and updated financial objectives. Ormat Technologies is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation. The company has plans to accelerate long-term growth in the energy storage market and establish a leading position in the U.S. energy storage market.

growth-positive

Ormat Technologies, a profitable company, has been growing its earnings per share (EPS) by 16% per year, and its revenue by 18% to $868 million. However, its EBIT margin has declined over the past year. The companys CEO received a total compensation of $3.1 million for the year ending December 2023, which is below the median CEO pay for companies with market capitalisations between $2.0 billion and $6.4 billion. This suggests a modest remuneration culture, indicating that the management is looking out for shareholder interests.

growth-positive

The article discusses the growth of geothermal energy production worldwide, highlighting the role of companies such as Ormat Technologies, First Gen Corporation, and Fervo Energy. It mentions that electricity generation from geothermal energy has increased at a rate of 3.5% annually, reaching 15.96 GWe of total installed capacity in 2021. The article also discusses the challenges faced by the geothermal energy sector, including high upfront costs and long development timelines. However, it also points out the opportunities for major market players to improve technology and provide cost-effective techniques and methods. The article also provides a list of the 15 countries that produce the most geothermal energy in the world.

growth-positive

The article discusses the impact of geopolitical tensions, particularly the conflict between Russia and Ukraine, on energy stocks. It suggests that these tensions could disrupt global supply chains, leading to a rise in energy stocks. The article lists seven energy companies - Chevron, ConocoPhillips, Cameco, NextEra Energy, Ormat Technologies, Kinder Morgan, and Murphy USA - that could benefit from these geopolitical tensions. The companies operate in various sectors of the energy industry, including oil and gas, renewable energy, and uranium.

growth-positive

Ormat Technologies Inc, a leader in renewable energy, reported its Q1 2024 financial results, exceeding analyst expectations. The companys total revenues reached $224.2 million, a 21.0% increase year-over-year. Net income was reported at $38.6 million, up 32.9% from the previous year. The company operates across three segments: Electricity, Product, and Energy Storage, all of which contributed positively to the quarters success. The companys CEO highlighted organic growth and strategic acquisitions as key drivers of the quarters success.

growth-positive

Ormat Technologies Inc reported strong Q1 2024 results, with a 21% increase in total revenues, a 25.5% rise in earnings per diluted share, and a 14.4% increase in adjusted EBITDA compared to Q1 of the previous year. The growth was driven by improved operating performance and the recent acquisition of assets from Enel Green Power North America. The company also reported a growing demand for geothermal products and a strong backlog. Ormat added 130 megawatts of new generating capacity since the beginning of the year and is confident in meeting its long-term capacity expansion goals and financial targets for 2024 and beyond.

growth-positive

Ormat Technologies, Inc. reported strong Q1 2024 financial results, with a 21% increase in total revenues, a 25.5% rise in earnings per diluted share, and a 14.4% increase in adjusted EBITDA compared to Q1 of the previous year. The results were driven by improved operating performance and growth across all three segments. The company also benefited from the recent acquisition of assets from Enel Green Power North America. Ormat added 130 megawatts of new generating capacity since the beginning of the year and is confident in meeting its long-term capacity expansion goals and financial targets for 2024 and beyond.

growth-negative

Ormat Technologies return on capital employed (ROCE) trend is not promising, having reduced by 48% over the last five years, while the business employed 69% more capital. However, the company has raised some capital prior to their latest results being released, which could partly explain the increase in capital employed. The funds raised likely havent been put to work yet. Despite the drop in ROCE, its promising that revenue and capital employed have both increased for Ormat Technologies. These trends have resulted in a 16% gain to shareholders whove held over the last five years.

growth-positive

Ormat Technologies Inc. reported its Q1 2024 earnings, with adjusted earnings per share of 65 cents, missing the Zacks Consensus Estimate of 68 cents by 4.4%. However, the companys bottom line improved by 27.5% YoY. The company generated revenues of $224.2 million, missing the Zacks Consensus Estimate by 0.1%, but the top line rose 21.1% YoY. The companys total operating expenses were $26.2 million, compared with $22.9 million in the year-ago period. The company reiterated its guidance for 2024, expecting to generate revenues in the range of $860-$910 million.

Growth-Negative

Ormat Technologies reported Q1 2024 earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.68 per share. This is compared to earnings of $0.51 per share a year ago. The company posted revenues of $224.17 million for the quarter, missing the Zacks Consensus Estimate by 0.09%. This compares to year-ago revenues of $185.23 million. The companys shares have lost about 10.2% since the beginning of the year. The companys future performance will depend on managements commentary on the earnings call and earnings outlook.

growth-positive

Ormat Technologies, Inc. has reported a 21% year-over-year increase in total revenues for Q1 2024, with growth across all three operating segments. The companys electricity segment revenues reached a record $191.3 million, driven by strategic portfolio expansions and improved operational performance. The company also reiterated its full-year revenue and EBITDA guidance. The strong performance was attributed to organic growth, strategic planning, and enhanced operational efficiency. The results were also positively impacted by the recently acquired Enel Green Power North America asset portfolio. The company also announced a quarterly dividend of $0.12 per share.

growth-negative

ProFrac Holding Corp. is expected to report a year-over-year decline in earnings and lower revenues for the quarter ended March 2024. The companys stock performance will be influenced by how the actual results compare to these estimates. The company is expected to post quarterly earnings of $0.05 per share, representing a year-over-year change of -94.5%. Revenues are expected to be $587.6 million, down 31% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 8.33% lower over the last 30 days. The companys earnings prospects have recently been viewed bearishly by analysts.

growth-negative

Ormat Technologies is expected to post a year-over-year increase in earnings on higher revenues for the quarter ended March 2024. However, the consensus EPS estimate for the quarter has been revised 8.16% lower over the last 30 days. The companys Earnings ESP is -14.29%, and it currently carries a Zacks Rank of #5, making it difficult to predict that Ormat Technologies will beat the consensus EPS estimate. The companys earnings report is expected to be released on May 8.

growth-positive

Investors looking for undervalued stocks in the Alternative Energy sector are considering World Kinect (WKC) and Ormat Technologies (ORA). Currently, WKC has a Zacks Rank of #2 (Buy), while ORA has a Zacks Rank of #3 (Hold), indicating a positive earnings estimate revision for WKC. Value investors use a variety of metrics to identify undervalued companies, and based on these, WKC holds a Value grade of A, while ORA has a Value grade of C. Therefore, WKC is considered the superior value option at present.

growth-negative

Ormat Technologies, Inc.s share price has slid 29% over the past year, underperforming the market return of around 22%. Despite this, the companys earnings per share (EPS) improved by 78% during the same period. The company also managed to grow its revenue over the last year. The CEOs remuneration is reportedly more modest than most CEOs at similarly capitalized companies. Long term shareholders have made a gain of 1.3% per year over half a decade.

Neutral

Ormat Technologies Inc., a leading renewable energy company, announced that it will publish its first quarter financial results on May 8, 2024. The company has also scheduled a conference call to discuss the results on May 9, 2024. Ormat Technologies has over five decades of experience in the geothermal industry and is the only vertically integrated company engaged in geothermal and recovered energy generation. The company has robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market.

Growth-Negative

Director Stanley Stern has sold 1,825 shares of Ormat Technologies Inc on March 28, 2024, according to a recent SEC filing. The transaction was executed at an average price of $66.95 per share, resulting in a total value of $122,178.75. Over the past year, Stanley Stern has sold a total of 3,743 shares of Ormat Technologies Inc and has not made any purchases of the stock. The companys shares were trading at $66.95 on the day of the insiders recent sale, giving the company a market cap of $3.928 billion.

growth-positive

The article discusses the investment opportunities in Crescent Energy (CRGY) and Ormat Technologies (ORA). Crescent Energy has a Zacks Rank of #1 (Strong Buy), while Ormat Technologies has a Zacks Rank of #4 (Sell). This indicates that Crescent Energys earnings estimate revision activity has been more impressive. Crescent Energy also has a forward P/E ratio of 8.38, while Ormat Technologies has a forward P/E of 28.56. Crescent Energys P/B ratio is 1.19, compared to Ormat Technologies P/B of 1.62. These metrics contribute to Crescent Energys Value grade of A and Ormat Technologies Value grade of C.

growth-positive

Ormat Technologies has seen a 12% drop in its share price over the last three months. However, the companys key financial indicators suggest that the stock could potentially rise in the long-term. The companys return on equity (ROE) is 5.4%, which is similar to the industry average. Despite this, Ormat Technologies net income growth over the past five years has been flat. The company has a moderate three-year median payout ratio of 39%, meaning it retains 61% of profits. Despite this, the companys earnings growth has been more or less flat. The companys future payout ratio is expected to drop to 23% over the next three years.

Growth-Positive

The article discusses the potential growth of renewable energy stocks, particularly those of Ormat, Brookfield Renewable, and Clean Energy Fuels. It highlights the increasing societal shift towards eco-friendly strategies and sustainability, which could make investment in these companies profitable. Despite recent losses, the companies are expected to see growth in the future. Ormat, a geothermal and recovered energy power business, has a 15% growth potential. Brookfield Renewable, which owns and operates renewable power assets, is expected to see a revenue jump of nearly 22% by 2024. Clean Energy Fuels, a provider of natural gas as alternative fuels, is forecasted to see sales of $441.43 million, up 3.8% from last year.

growth-positive

Ormat Technologies, Inc. has signed a 30-year Power Purchase Agreement (PPA) with Electricité de France (EDF) for the development of a new 10MW geothermal power plant on the Island of Guadeloupe. The new plant will be added to Ormat’s existing 15MW Bouillante geothermal power plant. The project is expected to be operational by the end of 2025. This agreement is part of Ormats commitment to clean energy development and sustainable future. The company plans to have a total geothermal capacity of 35 MW in the Caribbean region by the end of 2025.

growth-positive

The article discusses the increasing relevance of renewable energy stocks, highlighting three companies: Ormat Technologies, NextEra Energy, and Brookfield Renewable. Ormat Technologies, focusing on geothermal energy, is expected to see a revenue increase of 7.1% this year. NextEra Energy, which has invested heavily in green solutions, has seen a loss of over 10% of equity value this year due to high inflation and interest rates. Brookfield Renewable, which owns and operates renewable power assets, is expected to see a recovery in 2025 with projected sales reaching $5.7 billion.

Growth-Negative

Freyr Battery Inc. is set to report its Q4 and full-year 2023 results on February 29. The company has previously delivered an earnings surprise of 82.50% and a trailing four-quarter average earnings surprise of 38.71%. The company has been developing the Giga America battery manufacturing project in Coweta County, GA, and has secured initial buildings of Giga Arctic. In December 2023, Freyr Battery received shareholders approval to redomicile from Luxembourg to the United States. However, increased general and administrative expenses and research and development costs may have negatively impacted the companys bottom-line performance.

growth-negative

Ormat Technologies Inc. reported its Q4 and full-year 2023 results, which saw the companys shares drop by 5%. Despite beating the Zacks Consensus Estimate with an adjusted earnings per share of 67 cents, the companys bottom line declined by 8.2% YoY. The company generated revenues of $241.3 million, surpassing the Zacks Consensus Estimate of $240 million and marking a 17.4% YoY increase. For 2023, the company generated revenues worth $829.4 million, up 13% from $734.1 million in 2022. The company has initiated its guidance for 2023, expecting to generate revenues in the range of $860-$910 million.

growth-positive

Ormat Technologies Inc reported strong fourth quarter and full year 2023 results during its earnings conference call. The company saw robust Q4 revenue growth with a 17.4% increase compared to the previous years quarter and an 11.5% rise in adjusted EBITDA throughout the year. The company also reported a 13% increase in total annual revenues and a 10.6% increase in full year adjusted EBITDA throughout 2023. The company also successfully augmented its capacity by adding 239 megawatts through development projects and acquisition. Looking ahead to 2024, the company expects to continue capturing the benefits of its successful growth strategy.

growth-negative

Ormat Technologies, Inc.s shares fell 4.7% to US$63.99 in the week after its latest yearly results. The company reported revenues of US$829m and statutory earnings per share of US$2.08, in line with analyst predictions. Analysts forecast revenues of US$905.3m in 2024, a 9.2% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to step up 16% to US$2.39. The consensus price target is largely unchanged at US$77.25. Ormat Technologies is expected to grow much faster than its industry.

growth-positive

Ormat Technologies, Inc. reported a successful Q4 2023 with a 17.4% increase in revenue compared to the previous years quarter and an 11.5% rise in adjusted EBITDA. The company also reported a 13% increase in total annual revenues and a 10.6% increase in full year adjusted EBITDA. Ormat expanded its capacity by adding 239 megawatts through development projects and acquisitions. The company also acquired 100 megawatts of geothermal and solar PV assets in January 2024. Ormat expects a significant increase of 7% and 10% in revenue and adjusted EBITDA respectively for 2024.

growth-positive

Ormat Technologies reported a revenue of $241.34 million for Q4 2023, marking a 17.5% YoY increase. The EPS stood at $0.67, compared to $0.73 a year ago. The reported revenue surpassed the Zacks Consensus Estimate of $239.51 million by 0.77%. The company also delivered an EPS surprise of +11.67%, with the consensus EPS estimate being $0.60. The companys stock has returned +0.5% over the past month, and currently holds a Zacks Rank #3 (Hold).

growth-positive

Ormat Technologies Inc (ORA) reported a significant increase in its Q4 2023 revenues, net income, and earnings per share (EPS). The companys adjusted EBITDA also increased, indicating strong earnings before interest, taxes, depreciation, and amortization. ORA is on track to meet its 2026 capacity goals, with 239MW added since the beginning of 2023. The companys CEO, Doron Blachar, highlighted the successful operation of new projects and the commercial operation of its diverse portfolio as key drivers of the strong financial results. ORAs commitment to strategic execution and investment in high-quality assets positions the company for continued growth.

growth-positive

Ormat Technologies, Inc. has reported a 77.8% increase in annual diluted EPS and a 25.0% increase in annual adjusted diluted EPS compared to the previous year. The companys total revenues for the fourth quarter increased by 17.4% year-over-year, driven by growth in both the electricity and product segments. The company also announced its full year 2024 adjusted EBITDA outlook of $515 to $545 million. Ormat Technologies, Inc. is a leading renewable energy company and has added 239MW of new capacity through development and acquisition since the beginning of 2023.

growth-negative

Ormat Technologies is expected to post a year-over-year decline in earnings despite higher revenues for the quarter ended December 2023. The companys stock price may be impacted by how the actual results compare to estimates. The consensus EPS estimate for the quarter has been revised 7.77% higher over the last 30 days. The companys Earnings ESP is +4%, indicating that it will most likely beat the consensus EPS estimate. However, the stock currently carries a Zacks Rank of #3, suggesting moderate buy. The company has beaten consensus EPS estimates four times in the last four quarters.

growth-positive

Ormat Technologies, Inc. has received approval from the Hawai’i Public Utilities Commission (HPUC) for two final amendments to the Power Purchase Agreement (PPA) between its subsidiary, Puna Geothermal Venture (PGV), and Hawaiian Electric. This approval allows PGV to contribute an additional 8 megawatts of renewable power to Hawai’i Island, increasing the contract maximum capacity to 46 MW. The approval also guarantees fixed energy rates, ensuring a stable revenue stream for PGV and fixed energy costs for ratepayers. As part of the agreement, older generation units will be replaced with three efficient generating units from Ormat.

Growth-Positive

Ormat Technologies, a company in the Zacks Alternative Energy - Other industry, has a history of surpassing earnings estimates and is expected to maintain this trend in its next quarterly report. The company has exceeded estimates by an average of 17.91% in the last two quarters. For the last reported quarter, Ormat Technologies reported earnings of $0.47 per share, a surprise of 30.56% over the Zacks Consensus Estimate of $0.36 per share. The companys Earnings ESP is currently at +4%, indicating bullish analyst sentiment. The companys next earnings report is expected to be released on February 21, 2024.

growth-positive

Ormat Technologies, a geothermal energy specialist, could benefit from the current uranium market supply shortage. Geothermal energy, like uranium, is a clean and renewable energy source. Despite the companys stock being down by more than 29% in the past 52 weeks, the rising relevance of the geothermal industry and the uranium supply shortage could change the narrative. The geothermal sector is expected to expand at a compound annual growth rate of 5.9% from 2022 to 2027, reaching a valuation of $9.4 billion. If Ormat can capture a larger market share, its stock could rise.

Growth-Positive

Ormat Technologies Inc., a leading renewable energy company, announced that it will publish its fourth quarter and full year 2023 financial results on February 21, 2024. The company has scheduled a conference call to discuss the results on February 22, 2024. Ormat Technologies is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation, with plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market.

growth-positive

The article discusses the growth of green stocks and sustainability initiatives in various companies. It highlights seven companies - Lululemon Athletica, Ormat Technologies, NextEra Energy, Kroger, Microsoft, First Solar, and Polestar - that are leading in sustainability and green initiatives. These companies are implementing measures to reduce operational costs through improved efficiencies and waste reduction. The global green technology and sustainability market is expected to reach a valuation of $60.7 billion by 2027, up from $17.8 billion in 2022. The companies mentioned are expected to contribute significantly to this growth.

growth-positive

Ormat Technologies has completed its acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America for $271 million. The acquired assets include two operating geothermal power plants and one triple hybrid geothermal, solar PV and solar thermal power plant, two Solar assets and two greenfield development assets. The acquisition was funded through available cash and proceeds from the issue of $200 million in long-term debts. The new assets will increase Ormats Electricity segment Generating Portfolio to 1,215 MW. The acquisition is expected to be immediately accretive to the companys earnings and EBITDA.

Growth-Positive

Ormat Technologies, a leading renewable energy company, has completed its acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA). The $271 million deal includes two operating geothermal power plants, a triple hybrid geothermal, solar PV and solar thermal power plant, two Solar assets, and two greenfield development assets. The acquisition was funded through available cash and $200M newly issued long-term corporate debt. The acquisition is expected to increase both revenues and EBITDA, and Ormat plans to further improve the performance of the acquired assets through operational enhancement and optimization initiatives.

growth-negative

Italian utility company Enel has completed the sale of its renewable asset portfolio in the United States to Ormat Technologies for $271 million. The sale includes Enels entire geothermal portfolio in the US and several small solar plants, totalling a capacity of 150 megawatts. The deal is expected to reduce Enels consolidated net debt by about 250 million euros ($274 million), but will negatively impact the groups reported net income by around 30 million euros. The companys renewable consolidated capacity after the deal is around 9.7 gigawatts in North America.

growth-negative

Italian utility company Enel has completed the sale of its renewable asset portfolio in the United States to Ormat Technologies for $271 million. The sale, which includes Enels entire geothermal portfolio in the US and a number of small solar plants, is part of the companys efforts to reduce its debt and streamline its presence abroad. The deal is expected to have a positive effect worth about 250 million euros on Enels consolidated net debt but will negatively impact the groups reported net income by around 30 million euros.

growth-positive

The article discusses the rise in popularity of ESG (Environmental, Social, and Governance) stocks among millennials and Generation Z, reshaping the investment landscape. Companies ignoring ESG principles risk major backlash as ethical considerations become imperative in business. The article highlights seven companies leading the way in ESG investing: Microsoft, Ormat Technologies, Fluence Energy, Bunge, Altus Power, NextEra Energy, and Host Hotels & Resorts. These companies are not only showing strong financial performance but also integrating sustainability and ethical practices into their business models.

growth-positive

The article discusses the growth of the geothermal energy market in the US, which is expected to reach $95.82 billion by 2029. It highlights the benefits of geothermal energy as a renewable, reliable, and clean energy source that reduces dependency on fossil fuels. However, the article also mentions the challenges in drilling and setting up a geothermal power plant. Major renewable energy companies like Baker Hughes, Enel North America, and General Electric are making strides in the geothermal energy sector. For instance, Baker Hughes has introduced a new method for enhancing the generation of geothermal energy, while Enel North America is leading a renewables working group at a United Nations Conference on Climate Change.

growth-positive

The article discusses the growth of utility stocks in the US, with a focus on renewable energy. The power and utilities industry in the US has been focusing on increasing decarbonization efforts, improving the reliability and flexibility of its grid network, and deploying record-breaking volumes of solar power and energy storage. This has been supported by clean energy and climate change related legislation. The article lists 12 high growth utility stocks to buy, including NextEra Energy Partners LP, Ormat Technologies, Inc., and ReNew Energy Global Plc. These companies have a history of stable dividend payouts to their shareholders.

growth-positive

Ormat Technologies, a leading renewable energy company, has signed a 15-year Energy Storage Service Agreement (ESSA) with San Diego Community Power (SDCP), California’s second largest community choice aggregator. The agreement is for the 20MW/40MWh Pomona 2 Battery Energy Storage System (BESS) located in Los Angeles County, California. This marks the second tolling agreement in Ormat’s expanding portfolio and is expected to contribute to a stable, profitable, and predictable revenue stream for Ormat’s energy storage segment.

growth-positive

The article discusses the growth of the clean energy sector and highlights the top clean energy stocks to buy according to billionaires. It mentions the COP28 conference and the controversy surrounding it. The article also talks about TerraPower, a nuclear energy company created by Bill Gates, which signed an MOU with UAEs state-owned nuclear company ENEC to explore advanced reactors. The article lists several clean energy stocks that are seeing interest from billionaires, including Sunrun Inc., Enphase Energy, Inc., and First Solar, Inc.

growth-positive

Ormat Technologies shares have increased by 12.9% since its last earnings report a month ago. The companys Q3 2023 adjusted earnings per share was 47 cents, beating the Zacks Consensus Estimate of 36 cents by 30.6%. The company generated revenues of $208.1 million, missing the Zacks Consensus Estimate of $211 million by 1.4%, but still representing an 18.3% YoY increase. The company has updated its 2023 guidance, expecting revenues in the range of $825-$838 million. However, fresh estimates have trended downward during the past month.

growth-positive

Ormat Technologies, Inc. has announced a 25-year Power Purchase Agreement (PPA) with Dominica Electricity Services Ltd. (DOMLEC) for the development of a 10 MW binary geothermal power plant in Dominica. The project, announced at the United Nations Climate Change Conference (COP28), is expected to be operational by the end of 2025. The agreement follows the successful development of the geothermal reservoir in the Roseau Valley by the Government of the Commonwealth of Dominica. Ormat plans to finance the development through the issuance of concessional long-term debt with a below-market interest rate.

growth-positive

The article discusses the potential of green energy stocks despite the sector facing challenges. It highlights three companies: General Electric, Ormat Technologies, and Northland Power. General Electric is on a comeback trail with shares gaining nearly 77% of equity value since the start of the year. The company is planning a corporate split into GE Vernova and GE Aerospace, with Vernova focusing on renewable energy and power sectors. Ormat Technologies, a supplier of alternative and renewable geothermal energy technology, has built over 190 power plants and installed over 3,200 megawatts of capacity. Northland Power, a Canadian company that develops, builds, owns and operates clean and green power infrastructure assets globally, is considered the riskiest among the three.

growth-positive

Oppenheimers Head of Technical Analysis, Ari Wald, has predicted that the recent turnaround in the stock market indicates a resumption of the bull market. He suggests that investors should consider buying stocks in Ormat Technologies and Blueprint Medicines. Ormat Technologies, a renewable energy company, has shown year-on-year growth in its three main segments - Electricity, Product, and Energy Storage. Blueprint Medicines, a pharmaceutical company, has seen a 90% increase in net revenue from its drug, Ayvakit, which treats advanced systemic mastocytosis.

growth-positive

Ormat Technologies, Inc. reported strong financial results for Q3 2023, with significant top line expansion of 18.3%, translating into 15.8% growth in adjusted EBITDA and 84.4% growth in earnings per share. The company also announced a strategic acquisition of three geothermal and two solar power plants from Enel in the US, expected to close by Q1 2024. After the end of the quarter, Ormat raised $166 million through a combination of tax equity transactions, commercial paper, and a long-term corporate loan. The company is confident in its ability to achieve its long-term capacity expansion growth and financial targets for 2023 and beyond.

growth-positive

Ormat Technologies is expected to report a year-over-year increase in earnings and higher revenues for the quarter ended September 2023. The earnings report, due for release on November 8, 2023, could potentially impact the companys stock price. The company is expected to post quarterly earnings of $0.36 per share, representing a year-over-year change of +9.1%. Revenues are expected to be $210.69 million, up 19.8% from the year-ago quarter. However, the consensus EPS estimate for the quarter has been revised 6.91% lower over the last 30 days.

growth-positive

The article discusses the growth and investment opportunities in the geothermal energy sector. The global energy market disruption in 2022 has led to an increased focus on renewable energy sources, including geothermal energy. The first half of 2023 saw global investments in renewable energy reach $358 billion, a 22% annual growth. The geothermal sector is gaining attention due to its potential to reduce reliance on non-renewable energy sources. The total installed capacity for geothermal heating is projected to surpass 6.2 GWt by 2030, requiring an investment of approximately $7.4 billion. Companies such as Berkshire Hathaway Inc., Chevron Corporation, Chesapeake Energy Corporation, Polaris Renewable Energy Inc., Ormat Technologies, Inc., and Baker Hughes Company are highlighted as key players in the geothermal sector.

growth-positive

Ormat Technologies, a leading renewable energy company, has announced its plans to acquire a 150 MW portfolio from Enel Green Power North America for a total of $271 million. The portfolio includes two operating geothermal power plants and one triple hybrid geothermal, solar PV and solar thermal power plant, two Solar assets, and two greenfield development assets. The acquisition is expected to close by the first quarter of 2024. Ormat plans to finance most of the purchase price through new long-term corporate debt.

Growth-Positive

The article discusses the investment value of two companies, HF Sinclair (DINO) and Ormat Technologies (ORA), in the Alternative Energy sector. The analysis is based on various metrics including P/E ratio, P/S ratio, earnings yield, cash flow per share, and other fundamentals. Currently, HF Sinclair has a Zacks Rank of #2 (Buy), while Ormat Technologies has a Zacks Rank of #4 (Sell). Based on these metrics, the article suggests that HF Sinclair is likely the superior value option for investors at the moment.

growth-negative

Ormat Technologies, Inc. has seen a 20% drop in share price over the last quarter, despite a 30% return over five years. However, this return is below the market return of 67%. The companys earnings per share have decreased by 14% per year, and revenue has dropped by 0.1% per year over five years. Despite this, the share price has increased, suggesting that investors may not be focused on EPS. The companys CEO is remunerated more modestly than most CEOs at similarly capitalized companies.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, has released its annual Sustainability Report, providing an overview of the companys environmental, social and governance (ESG) performance in 2022. The report details Ormats ESG-related activities and initiatives, and is written according to GRI and SASB requirements and recommendations. The companys CEO, Doron Blachar, stated that sustainability has always been a focus at Ormat and the company plays an important role in the global fight against climate change. The report is available on the Sustainability section of the companys website.

Neutral

Ormat Technologies Inc., a leading renewable energy company, announced that it will publish its third quarter 2023 financial results in a press release on November 08, 2023. The company has scheduled a conference call to discuss the results at 10:00 a.m. ET on November 9, 2023. Ormat Technologies is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation, with plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market.

Growth-Positive

The article compares the investment attractiveness of two alternative energy companies, HF Sinclair (DINO) and Ormat Technologies (ORA). Using a combination of the Zacks Rank, which targets companies with positive earnings estimate revision trends, and a variety of key fundamental metrics, the article concludes that DINO is the superior option for value investors at the moment. DINO currently has a forward P/E ratio of 5.50, a PEG ratio of 0.53, and a P/B ratio of 1.04, all of which contribute to its Value grade of A. In comparison, ORA has a forward P/E of 32.64, a PEG ratio of 1.41, and a P/B of 1.73, leading to its Value grade of C.

growth-negative

Ormat Technologies share price has dropped 11% over the past three months. The companys Return on Equity (ROE) is 4.1%, which is relatively low and similar to the industry average. Over the past five years, Ormat Technologies net income has declined by 12%. Despite a normal three-year median payout ratio of 39%, the companys earnings have shrunk. However, analyst data shows that the companys future payout ratio is expected to drop to 13% over the next three years, which could increase the companys ROE to 7.1%.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, has signed new contracts with Mercury NZ Limited for the supply and Engineering, Procurement and Construction (EPC) of a new 56 MW geothermal power plant at Ngatamariki, New Zealand. This project will be an expansion of the existing 96 MW Ngatamariki geothermal power plant, which was also built by Ormat in 2012. Once complete, the Ngatamariki facility will be the largest pure binary power plant in New Zealand and one of the top-5 largest globally. This development will help in substantially reducing CO2 emissions in the region by delivering clean, reliable, and sustainable electricity to the national grid.

growth-positive

Ormat Technologies, Inc. has announced a new multi-year contract with Gotion High-Tech to supply batteries for Ormats upcoming Energy Storage projects. Gotion will provide Ormat with batteries up to a capacity of 750MWh. The companies are also discussing additional supply contracts and expansions to provide Ormat with U.S. domestic manufactured batteries from Gotions planned battery plant in Manteno, Illinois. This will allow Ormat to benefit from higher Investment Tax Credits. The deal strengthens Ormats confidence in its ability to expand and grow its storage offerings into new regions.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, is celebrating its 20th year of listing on the New York Stock Exchange. CEO Doron Blachar highlighted the companys growth over the years, with annual revenues increasing from $219 million to over $700 million and the expansion of its portfolio from ten to 42 projects, including 13 energy storage facilities. The companys generating capacity portfolio has also increased from 343 MW to 1.28 GW across geothermal, energy storage, solar PV and recovered energy. Ormat aims to reach a portfolio of 1.9 to 2.0 GW by the end of 2025.

Growth-Positive

Ormat Technologies shares have increased by about 0.2% since its last earnings report a month ago, outperforming the S&P 500. The companys Q2 2023 earnings per share were 40 cents, beating the Zacks Consensus Estimate of 38 cents by 5.3% and improving 100% YoY. However, its revenues of $194.8 million missed the Zacks Consensus Estimate of $198 million by 1.9%, but rose 15.2% YoY. The companys operating expenses were $25.3 million, up from $19 million YoY, and its net interest expenses were $24.4 million, up 19.5% YoY. The company still projects revenues in the range of $823-$858 million for 2023.

growth-positive

The article discusses the rising gas prices and suggests investing in clean energy stocks as a way to mitigate the damage. It highlights three clean energy companies: Vistra, Ormat Technologies, and Northland Power. Vistra is the largest competitive power generator in the U.S. and has a mixed financial profile. Ormat Technologies focuses on supplying alternative and renewable geothermal energy and may see increased demand amid rising gas prices. Northland Power develops, builds, owns, and operates clean and green energy infrastructure assets globally. The article provides financial information and analysts opinions on each company. The date of the event described in the article is not mentioned.

growth-negative

Ormat Technologies Inc.s shares fell by 2.6% following its Q2 2023 earnings release. The company reported earnings per share of 40 cents, beating the Zacks Consensus Estimate of 38 cents by 5.3%. However, its revenues of $194.8 million missed the Zacks Consensus Estimate of $198 million by 1.5%. Despite this, the top line rose 15.2% year over year, driven by higher revenues from the Electricity and Product segments. The companys total operating expenses were $25.3 million, compared to $19 million in the year-ago period. The company continues to project revenues in the range of $823-$858 million for 2023.

growth-positive

Ormat Technologies, Inc. reported strong financial results for Q2 2023, with total revenue of $194.8 million, up over 15.2% year-over-year. The company has commenced operations of approximately 100 megawatts in geothermal, solar, and energy storage assets. The companys Products segment has displayed a notable recovery in revenues, resulting in significant margin expansion and revenue growth for the segment. Ormat Technologies has increased its medium-term growth target by approximately 7% to 1.9 gigawatt to 2 gigawatt by year-end 2025.

growth-positive

Ormat Technologies reported a 15.2% YoY increase in revenue for Q2 2023, amounting to $194.8 million. The EPS for the same period was $0.40, compared to $0.22 a year ago. However, the reported revenue was slightly below the Zacks Consensus Estimate of $198.47 million. The companys product revenue was $33.46 million, energy storage revenue was $6.01 million, and electricity revenue was $155.32 million. The companys shares have returned +1% over the past month.

growth-positive

Ormat Technologies, Inc., a leading renewable energy company, has reported a 15.2% increase in total revenues for Q2 2023, primarily driven by robust growth in the product segment. The company has also increased its target to 1.9 GW - 2.0 GW by the end of 2025, following successful expansion efforts. During Q2, Ormat made significant progress in expanding its operations across its segments, adding approximately 100 MW of total capacity in geothermal, solar, and storage assets. The company also commenced construction of a 50MW geothermal project in New Zealand and started construction on three battery storage facilities.

Growth-Negative

Ormat Technologies reported its quarterly earnings of $0.40 per share, surpassing the Zacks Consensus Estimate of $0.38 per share. This is an increase from earnings of $0.22 per share a year ago. However, the companys revenues of $194.8 million for the quarter ended June 2023 missed the Zacks Consensus Estimate by 1.85%. The companys shares have lost about 6.5% since the beginning of the year. The future performance of the stock will depend on managements commentary on the earnings call and the companys earnings outlook.

growth-positive

The article discusses the growth and importance of green technology companies, highlighting the significant investments being made in the sector. China and the U.S. are leading in attracting capital for green energy, with China investing $546 billion and the U.S. $141 billion in 2022. The article also mentions the role of major tech companies like Alphabet Inc and Apple Inc in addressing climate change and promoting sustainability. The article lists 15 of the biggest green tech companies in the world, including Ormat Technologies, BloomEnergy Corp, and TPI Composites Inc, among others.

growth-positive

Ormat Technologies is expected to report a year-over-year increase in earnings on higher revenues for the quarter ended June 2023. The companys stock price may move higher if the key numbers top expectations in the upcoming earnings report, which is expected to be released on August 2. The geothermal company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +72.7%. Revenues are expected to be $198.47 million, up 17.4% from the year-ago quarter.

growth-positive

The article discusses the trend of sustainable investing, where investors consider the environmental, social, and governance (ESG) impacts of a companys operations. It mentions that a significant amount of money has been invested in ESG-focused exchange-traded funds, with Morningstar estimating that $2.74 trillion was invested in this segment at the end of Q4 2021. The article also lists ten companies that billionaires are investing in due to their sustainability efforts, including Alphabet Inc., Intel Corporation, Microsoft Corporation, First Solar, Inc., Tesla, Inc., Enphase Energy, Inc., Ormat Technologies, Inc., NextEra Energy Partners, LP, NIO Inc., KB Home, and Sunrun Inc.

Growth-Positive

The article discusses the potential growth of renewable energy stocks, specifically focusing on Quanta Services, Ormat, and Plug Power. It highlights the increasing demand for green energy solutions and the projected growth of the renewable energy sector, which is expected to reach a valuation of $3.6 trillion by 2030. Quanta Services, an infrastructure services company, has seen a significant increase in its equity value. Ormat, a supplier of renewable geothermal energy technology, has seen modest growth. Plug Power, a developer of hydrogen fuel cell systems, has seen significant chart mobility despite a drop in valuation.

growth-negative

Federal officials have decided to revisit the 2021 environmental review that cleared the way for construction of a geothermal power plant in Nevada by Ormat Technologies, where an endangered toad lives. This decision will trigger an unprecedented third review of the partially built power plant that environmentalists and tribal leaders say the Bureau of Land Management illegally approved in December 2021. The decision means it will be several months or potentially more than a year before Ormat Technologies can resume construction of the plant.

growth-positive

The article discusses the importance of earnings in a companys quarterly financial report, focusing on Ormat Technologies and Baker Hughes. The Zacks Earnings ESP (Expected Surprise Prediction) is highlighted as a tool to predict potential earnings surprises based on the latest analyst estimate revisions. Ormat Technologies, which is set to release its next quarterly earnings on August 2, 2023, has an Earnings ESP of 6.33%. Baker Hughes, which is preparing to report earnings on July 19, 2023, has an Earnings ESP of 1.36%. Both companies are expected to potentially post earnings beats in their next reports.

growth-negative

The article discusses the performance of three growth stocks - ORMAT Technologies, Aspen Technology, and Ameresco - that investors should consider selling in July 2023. ORMAT Technologies, a company that engages in the geothermal and recovered-energy power business, saw its shares fall more than 5% YTD. Aspen Technology, a global asset management software provider, saw its shares plunge nearly 30% in April after underperforming Wall Streets revenue and adjusted EPS estimates. Ameresco, a company that builds, advises on, and helps store renewable energy projects, saw its shares down nearly 13% YTD.

growth-positive

Ormat Technologies has enhanced its battery storage capability with the onset of operations at two new battery storage facilities in Texas and New Jersey. The companys storage portfolio now stands at 62MW/62MWh. Ormat aims to reach a total storage portfolio of 313 to 373 MW by the end of 2023. The rapidly increasing clean energy adoption in the US is driving growth in the battery energy storage market, providing opportunities for companies like Ormat. Other alternative energy companies that may benefit from this market include Ameresco, Fluence Energy, and Energy Vault. Ormats stock has risen 11.5% in the past year.

growth-positive

Ormat Technologies has successfully commenced commercial operations for two new battery storage facilities, adding a cumulative capacity of 43MW/43MWh. The company has met its growth target for the first half of 2023 and plans to bring online two additional assets in 2023. Ormat aims to achieve between 500 to 530 megawatts and over 1 gigawatt-hour in total capacity by the end of 2025. The storage projects will be eligible for Investment Tax Credits, reducing capital needs and enhancing earnings. Ormat is a leading geothermal company with plans to establish a leading position in the U.S. energy storage market. The company owns, operates, designs, manufactures, and sells geothermal and recovered energy generation power plants.

growth-positive

Ormat Technologies has announced a partnership with Eastland Generation Limited (EGL) to build a 50MW power plant in New Zealand. Ormat will design, build, commission, and own the power plant, while EGL will operate and maintain it. The agreement also includes a fixed price Power Purchase Agreement (PPA) for EGL to purchase 100% of the plants generation. Ormat has granted EGL an option to purchase the power plant at an agreed price. The partnership strengthens Ormats presence in the New Zealand market and supports the countrys efforts to reduce greenhouse gas emissions. Ormat is a leading geothermal, energy storage, photovoltaic (PV), solar, and recovered energy power company.

growth-negative

Ormat Technologies stock closed at $85.43, marking a -1.17% move from the previous day. The company is approaching its next earnings release, with projected year-over-year growth of 90.91% in earnings and 19.08% in revenue. Analyst estimates for the company have been revised lower in the past month. Ormat Technologies currently has a Forward P/E ratio of 43.88, representing a premium compared to the industry average. The company is ranked #3 (Hold) on the Zacks Rank. The Alternative Energy - Other industry, to which Ormat Technologies belongs, has a Zacks Industry Rank of 184, putting it in the bottom 27% of all industries.

growth-positive

The article compares the value of Cosan and Ormat Technologies as undervalued stocks. Cosan is ranked higher and has stronger valuation metrics, making it the superior option for value investors.

growth-positive

Ormat Technologies has successfully resumed operations at the Heber 1 power plant in California after a temporary shutdown due to a fire incident. The company also completed a 6MW upgrade to the Dixie Valley power plant in Nevada. Ormats CEO, Doron Blachar, highlighted the reduction in water consumption and the contribution to water resource conservation resulting from the upgrade. The Heber complex is expected to ramp up generation to approximately 87MW by the end of the third quarter. Ormat also plans to upgrade the Beowawe geothermal power plant in Nevada. The company aims to advance renewable power solutions while meeting its long-term financial growth targets.

growth-positive

The article discusses the potential growth of alternative energy stocks in the renewable energy sector. It highlights NextEra Energy as a trailblazer in the industry, offering a unique combination of a defensive utility service and a fast-evolving renewable energy operation. Ormat Technologies is also mentioned as a leader in the geothermal energy sphere. The article emphasizes the long-term investment opportunities in clean energy stocks and the positive impact of recent developments, such as President Joe Bidens commitment to allocating $370 billion to renewable energy over the next ten years. The date of the event described in the article is not provided.

growth-positive

Ormat Technologies, Inc. held its Q1 2023 earnings call, reporting a strong start to the year with a 57.5% increase in net income, positively impacted by the Inflation Reduction Act. The company completed construction and started operation of two new energy storage facilities in Q2. The company expects the positive momentum to continue throughout 2023, with the IRA providing additional benefits through tax credits available for geothermal and energy storage. The companys CFO, Assaf Ginzburg, stated that the total debt as of March 31, 2023, was approximately 2.1% of the company. The company expects to finance 30% to 50% of its future U.S. CapEx with the support of ITC and PTC under the new IRA.

growth-positive

Ormat Technologies, Inc. has reported a significant expansion in earnings and adjusted EBITDA, driven by continued growth in its electricity segment and benefits from the Inflation Reduction Act. The companys total net income grew by 57.5% and operating income increased by 17.9%, supported by IRA benefits and contribution from new assets. Adjusted EBITDA grew by 14.5% in line with full year run rate guidance. The company also added new capacity of 50MW in its storage and electricity segments. The companys CEO, Doron Blachar, expressed confidence in the companys ability to meet its operating capacity goals and long-term financial targets.

growth-positive

The article discusses the importance of earnings reports for investors and highlights Ormat Technologies as a stock to watch. Ormat Technologies has a positive Earnings ESP of 4.62% ahead of its upcoming earnings release. The article also mentions Antero Resources as another stock with a positive ESP. The Zacks Earnings ESP is a tool that predicts earnings surprises based on analyst estimate revisions. The article encourages investors to use the Zacks Earnings ESP Filter to identify stocks with a high probability of positive or negative surprises. Overall, the article has a growth-positive impact on Ormat Technologies.

growth-positive

Ormat Technologies stock outperformed the S&P 500 but lagged behind the Nasdaq. The company is approaching its next earnings release, with projected year-over-year growth of 40%. Analyst estimate revisions and the Zacks Rank indicate optimism about the companys business and profitability. Ormat Technologies has a higher Forward P/E ratio and PEG ratio compared to the industry average. The Alternative Energy - Other industry, to which Ormat Technologies belongs, has a low Zacks Industry Rank. Investors are advised to follow stock-moving metrics on Zacks.com.

growth-positive

Ormat Technologies is expected to report an increase in earnings and revenues for the quarter ended March 2023. The consensus estimate is for quarterly earnings of $0.49 per share, representing a year-over-year change of +40%. Revenues are expected to be $212.39 million, up 15.6% from the year-ago quarter. The companys earnings beat history suggests a positive surprise is likely. However, other factors can also impact the stocks performance. Ormat Technologies is considered a compelling earnings-beat candidate. The article also mentions Constellation Energy Corporation, another company in the alternative energy industry, which is expected to report earnings per share of $0.86 for the same quarter.

growth-positive

Ormat Technologies Inc. is raising $300 million through a public offering of 3.6 million shares. The funds will be used for general corporate purposes, working capital, capital expenditures, and potential acquisitions. Goldman Sachs is the sole book running manager for the offering. The share price fell to $83.50 after the announcement, but it still reflects a 7% rise over the past year. Ormat operates in the geothermal energy sector, building and operating power plants in the electricity sector and providing products and energy storage solutions. The electricity sector accounted for 86% of the companys revenue in 2022, with 70.6% of sales in the US.

growth-positive

Ormat Technologies has signed a cooperation agreement with Taiwanese companies Jieyuan Energy Development and Fengyu Green Energy to develop more than 20 MW of geothermal power plant capacity in Taiwan by 2025. Under the agreement, Fengyu Green will provide drilling and power plant construction services, Ormat will provide generator sets and technology, and JY Energy will manage power plant operations. The partnership aims to create a vertically integrated geothermal industry chain.

growth-negative

The share price of Ormat Technologies Inc. is down 8.19% after ORIX sold one third of its controlling stake to institutional investors for $337 million. ORIX had acquired a 22% stake in Ormat in 2017 for $630 million. Ormat builds geothermal power stations for its customers and owns some itself. The companys share price closed 1.23% higher on Wall Street at $100.21, with a market cap of $5.617 billion.

growth-positive

US investment corporation BlackRock has increased its stake in Ormat Technologies Inc. to 12.5%, making it the second biggest shareholder in the Israeli geothermal energy company. BlackRock purchased shares at an estimated $185 million, and its stake is now worth $644 million. Ormat reported revenue of $169 million in the second quarter of 2022, up 15.1% from the corresponding quarter of 2021. Oppenheimer raised Ormats target price per share from $85 to $97.

growth-positive

Ormat Technologies, Inc. has announced the pricing of an upsized private offering of $375.0 million aggregate principal amount of 2.50% Green Convertible Senior Notes due 2027. The sale is expected to close on June 27, 2022. The net proceeds from the offering, after deducting initial purchaser discounts and offering expenses, are estimated to be approximately $364.9 million. Ormat Technologies plans to use the proceeds for various purposes, including repurchasing shares of its common stock, paying the cost of capped call transactions, funding the prepayment of its Series 3 Bonds, and general corporate purposes. The company also intends to allocate an amount equivalent to the net proceeds to finance and/or refinance eligible green projects. The Notes will be unsecured senior obligations of the Company and will be convertible at the option of the holders.

growth-positive

Ormat Technologies Inc. has announced its acquisition of two contracted geothermal assets in Nevada, along with a greenfield development asset and an underutilized transmission-line. The acquisition is expected to close in the second half of 2021. The two plants, located in Dixie Valley and Beowawe, have a total net generating capacity of 67.5 MW. Ormat will pay $171 million for 100% of the equity interests in the portfolio of entities and will assume debt and associated lease obligations of approximately $206 million. The acquisition aligns with Ormats strategic goal of enhancing its geothermal portfolio through M&A activities. The company aims to leverage its core capabilities to unlock value, increase profitability, and meet expanding clean energy requirements in California and Nevada.

growth-positive

Geothermal energy company Ormat Technologies, Inc. is raising $307 million in an equity offering. The offering price is $74 per share, just under Ormat Technologies closing price in New York yesterday. The amount raised could rise by another $46 million if the underwriters exercise their option to buy more shares within 30 days. The offering is expected to close on November 23. Ormat Technologies plans to use the net proceeds for general corporate purposes, working capital, capital expenditures, and potential acquisitions. The company has recently entered the field of energy storage and has a market cap of $3.8 billion. Ormat Technologies is expected to end 2020 with revenue of $707-717 million and EBITDA of $417-425 million.

growth-negative

Isaac Angel is stepping down as CEO of Ormat Technologies Inc., a geothermal energy company listed on the Tel Aviv and NYSE stock exchanges. He will be replaced by the companys CFO, Doron Blachar. Ormat also published its financial results for 2019, reporting total revenues of $746 million, a 3.7% increase compared to the previous year. However, the net income attributable to shareholders in the fourth quarter of 2019 decreased by 30% compared to the same period in 2018.

growth-negative

Lava from Hawaiis Kilauea volcano has reached the Puna geothermal power plant owned by Ormat, jeopardizing one well and covering another. The plant supplies 25% of the islands electricity. Ormat has taken precautionary measures, including shutting down the plant and securing the wells. The eruptions have caused extensive damages and forced local residents to evacuate. Ormat owns a 63% stake in the plant and generated $11 million of net income and $20 million of adjusted EBITDA in 2017. The company operates geothermal power plants in multiple countries and has 1,300 employees worldwide. In 2017, Orix Corporation acquired a 22% ownership stake in Ormat for $627 million.

growth-negative

Ormat Technologies Inc. has entered into a definitive agreement to acquire US Geothermal Inc. for $5.45 per share in cash, totaling $109.9 million. The acquisition is expected to close in the second quarter of 2018. US Geothermal operates geothermal power projects in Oregon, Nevada, Idaho, California, and Guatemala. Ormat Technologies plans to improve the profitability of the operating projects by approximately 50% in 2019 through synergies and cost reductions. The acquisition allows Ormat Technologies to broaden and diversify its operations in the US.

growth-positive

The article discusses 10 Israeli companies that are working towards accelerating the end of fossil fuels. These companies are involved in various aspects of renewable energy, such as solar energy, electric cars, and alternative fuels. The article highlights the growth and potential of the renewable energy sector in Israel, with the number of companies in this field growing from 40 to about 500. The impact of the article on the companies mentioned is growth-positive, as it showcases their innovative solutions and potential to contribute to the transition away from fossil fuels. The key theme of the article is the advancement of renewable energy technologies in Israel. The key issues discussed in the article are investment and expansion. The date of the event described in the article is not specified. My confidence in this answer is 8/10.

growth-positive

ORIX Corporation is acquiring an approximately $627 million ownership stake in Ormat Technologies, Inc. by purchasing shares from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management. The acquisition represents an approximately 22.1% ownership position in Ormat. Ormat will have exclusive rights to develop, own, operate, and provide equipment for ORIX geothermal energy projects outside of Japan. ORIX will assist Ormat in obtaining project financing for its geothermal energy projects. ORIX will also have the right to designate three persons to be appointed to an expanded nine-person Ormat board of directors. The closing is expected to occur in the third quarter of 2017.

growth-positive

Ormat Technologies Inc. has successfully completed a bond issue, raising $204 million. Demand for the bonds totaled $450 million, but the company elected not to raise the maximum intended amount of $250 million. The funds raised will be used to reschedule $250 million in debt. Ormat is a geothermal energy company and the bond series were rated A plus by S&P Maalot. Oppenheimer Investment Bank recently began covering Ormats shares with a positive recommendation and a target price of $54.

growth-positive

Ormat Technologies, a maker and operator of geothermal power turbines, unveiled its growth strategy to widen its portfolio of technologies, expand its customer base, and operate in more countries. The company has focused on geothermal projects for the past five decades, but now aims to increase revenues from non-geothermal technology and generate half of its business outside the United States. Ormat plans to develop technology in-house and make acquisitions to quickly enter other segments of the renewable energy business, including solar power and energy storage. The company sees opportunities in markets like Mexico, Ethiopia, Indonesia, and the Philippines. Ormat aims to negotiate long-term agreements with big industrial users to reduce their energy costs and improve their public image. The company is committed to maintaining profitability while pursuing growth.

growth-positive

Ormat Technologies Inc., a geothermal energy developer, reported record revenue in 2014 but lower profits. The company surpassed revenue forecasts with $149 million in the fourth quarter of 2014, up 14% compared to the previous year. However, net profit was down 14% due to a write-off for exploration and assessment of geothermal resources. Ormats revenue grew 4.9% to $560 million in 2014. The company expects 7% growth in 2015 and plans to distribute a dividend of $0.08 per share. Ormat recently announced a financial partnership with Canadian fund Northleaf Capital. The companys market cap is currently $1.46 billion.

growth-positive

Ormat Technologies Inc. rose 6.51% on its first day trading as a dual listed company on the Tel Aviv Stock Exchange. Teva Pharmaceutical Industries Ltd. fell 0.90% on the same day.

growth-positive

Ormat Technologies, an Israeli company, completed its IPO on the New York Stock Exchange, raising $93.8 million. The company, founded in 1965, specializes in geothermal power stations and has operations in the United States, Israel, Guatemala, Kenya, Nicaragua, the Philippines, and New Zealand. The IPO priced 6.25 million shares at $15 per share, with proceeds to be used for general corporate purposes and potential investments or acquisitions. Ormat Technologies is a subsidiary of Ormat Industries and has been restructuring as a holding company. The IPO signifies growth for the company.