Ormat TechnologiesNYSE: ORA

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.

Ormat Technologies (ORA) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.40 per share a year ago.

Consistent Improvement Across All Operating Segments Highlights Committement Toward Continued Profitable Growth Consistent Improvement Across All Operating Segments Highlights Committement Toward Continued Profitable Growth

Ormat Technologies (ORA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

AGREEMENT SUPPORTS ORMAT'S GROWTH TRAJECTORY AND ADVANCES THE ONGOING TRANSITION TO A MORE STABLE, PROFITABLE ENERGY STORAGE PORTFOLIO AGREEMENT SUPPORTS ORMAT'S GROWTH TRAJECTORY AND ADVANCES THE ONGOING TRANSITION TO A MORE STABLE, PROFITABLE ENERGY STORAGE PORTFOLIO

Ormat Technologies (ORA) lacks the necessary factors for a potential earnings beat in its upcoming report. Be sure to have the key expectations in mind.

Ormat Technologies is a leading global company in geothermal power generation with an installed capacity of 1215 MW. The company's business is structured around three segments: Electricity, Product, and Energy Storage. Ormat's financial performance improved in FY23, with revenues increasing 13% YoY, but the stock is currently expensive.

Ormat (ORA) Q4 revenues of $241.3 million surpass the Zacks Consensus Estimate. Moreover, the top line rises 17.4% year over year.