Profile
Sector:
UtilitiesIndustry:
RenewableCountry:
United StatesIPO:
11 November 2004Website:
http://www.ormat.comNext earnings report:
21 February 2025Last dividends:
20 August 2024Next dividends:
20 November 2024Price
after hours | Wed, 20 Nov 2024 23:15:36 GMTAnalysts recommendations
Institutional Ownership
ORA Latest News
ORA secures an EPC contract valued at approximately $200 million with Contact Energy.
ORA's third-quarter earnings beat estimates, while revenues rise year over year by 1.8%%. The company has updated its 2024 outlook.
Ormat Technologies, Inc. (NYSE:ORA ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Josh Carroll - Alpha IR Group, IR Doron Blachar - CEO Assi Ginzburg - CFO Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH Capital Mark Strouse - JPMorgan Operator Good morning, and welcome to the Ormat Technologies Third Quarter 2024 Earnings Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions.
Ormat Technologies is a leading geothermal power company with a stable revenue growth and an ambitious growth plan targeting 2.1GW-2.3GW capacity by FY26. Geothermal energy's stable output and lower construction costs make it a crucial component of the electricity transition, offering a valuable alternative to nuclear power. Increased debt and potential policy changes under the new Trump administration pose risks, though high margins and steady OCF production remain strengths.
RENO, Nev., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced the release of its annual Sustainability Report, providing an overview of the Company's environmental, social, and governance (ESG) performance in 2023.
Ormat Technologies (ORA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RENO, Nev., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, announces the successful commencement of commercial operations for its largest energy storage facility, the Bottleneck project. This 80MW/320MWh Battery Energy Storage System (BESS), located in the Central Valley of California, will provide energy, capacity, and ancillary services to San Diego Gas & Electric (SDG&E) under a 15-year Power Purchase Agreement (also known as a Tolling Agreement) signed in 2022.
RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced it has successfully secured multiple land parcels in Nevada's Annual Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing exploration and expansion efforts in the state, further strengthening the company's commitment to advancing renewable energy solutions and meeting Nevada's increasing demand for sustainable energy.
Ormat Technologies (ORA) has signed agreements to build energy storage facilities in Texas, which is likely to help ORA achieve its long-term goal.
Ormat's (ORA) second-quarter revenues of $213 million beat the Zacks Consensus Estimate by 0.9%. The top line also rises 9.3% year over year.
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What type of business is Ormat Technologies?
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers battery energy storage systems and related services. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.
What sector is Ormat Technologies in?
Ormat Technologies is in the Utilities sector
What industry is Ormat Technologies in?
Ormat Technologies is in the Renewable industry
What country is Ormat Technologies from?
Ormat Technologies is headquartered in United States
When did Ormat Technologies go public?
Ormat Technologies initial public offering (IPO) was on 11 November 2004
What is Ormat Technologies website?
https://www.ormat.com
Is Ormat Technologies in the S&P 500?
No, Ormat Technologies is not included in the S&P 500 index
Is Ormat Technologies in the NASDAQ 100?
No, Ormat Technologies is not included in the NASDAQ 100 index
Is Ormat Technologies in the Dow Jones?
No, Ormat Technologies is not included in the Dow Jones index
When was Ormat Technologies the previous earnings report?
No data
When does Ormat Technologies earnings report?
The next expected earnings date for Ormat Technologies is 21 February 2025