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Ormat Technologies Inc.

Published : February 26th, 2014

Reports 2013 Fourth Quarter and Year End Results

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Ormat Technologies has added a news release to its Investor Relations
website.

Title: Ormat Technologies Reports 2013 Fourth Quarter and Year End Results

Date(s): 25-Feb-2014 8:40 PM

For a complete listing of our news releases, please visit:
http://investor.ormat.com/phoenix.zhtml?c=181999&p=irol-news&nyo=0


 Net Income Attributable to Company's Shareholders of $0.91 Per Share for
the Full Year

 

 Record Adjusted EBITDA Reached $227M

 RENO, Nev., Feb. 25, 2014 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc.
(NYSE:ORA) today announced financial results for the fourth quarter and full
year ended December 31, 2013.

 Highlights for the year and recent developments:

 
  Total revenues for the year increased 6.3% to $533.2 million;
 
  Record revenues in the product segment: 8.9% increase to $203.5 million;
 
  Record adjusted EBITDA for the year: 22.3% increase to $227.1 million;
Fourth quarter adjusted EBITDA increased 45.8% to $51.4 million
 
  Gross margin increased from 25.7% to 30.0%;
 
  Electricity generation increased 7.9% to 4.3 million MWh, driven by
contributions from Olkaria III Plant 2, McGinness Hills, Jersey Valley and
Tuscarora;
 
  Net income attributable to the company's shareholders of $41.2 million or
$0.91 per share;
 
  Declared dividend of $0.06 per share for fourth quarter 2013;
 
  Completed 58 MW expansion of the Olkaria III geothermal complex in Kenya
bringing the complex's total generating capacity to 110 MW;
 
  Completed the 16 MW Don A. Campbell geothermal power plant in Nevada;
 
  Completed the acquisition of the Platanares project in Honduras and
released McGinness Hills phase 2 for construction; and,
 
  Secured Purchase Agreements (PPAs) for Heber 1 in California and for
Mammoth G1 and G3 to replace the Standard Offer Contract No. 4 (SO#4), which
are tied to natural gas prices, with fixed-price contracts;


 Dita Bronicki, chief executive officer of Ormat, stated: "We are very
pleased to deliver strong financial results marking our return to earnings
growth while making significant progress developing a geographically
balanced portfolio of geothermal projects. During 2013 and early 2014, we
added 70 MW of new generating capacity from three new geothermal power
plants bringing our total portfolio to 626 MW.

 "In the product segment, we've received a robust flow of orders for our
unique power solutions resulting in record revenues of $203.5 million.
During 2013 and the first part of 2014, we successfully completed nine power
plants with approximately 270 MW of gross generating capacity. The plants,
which we completed for our clients and for our own portfolio, significantly
contributed to the growth of the geothermal industry. Our strength in the
market and appetite for continued growth will continue to support our
backlog currently standing at $165.0 million, excluding the Sarulla project
supply contract. With growing demand for geothermal energy across the globe
and financial incentives in place to foster its development, we continue to
be optimistic about Ormat's future growth."

 Bronicki added, "We expect our 2014 electricity revenues to be between $370
million and $380 million and our product segment revenues to be between $170
million and $180 million, including $36 million revenue from the Sarulla
project."

 Financial Summary

 Annual Results

 For the year ended December 31, 2013, total revenues increased 6.3% from
$501.8 million in 2012 to $533.2 million in 2013. Product revenues increased
8.9% to $203.5 million, up from $186.9 million in the year ended December
31, 2012. The increase in product revenues reflects the increase in new
customer orders that we secured in 2012 and 2013. Electricity revenues
increased 4.7% from $314.9 million in 2012 to $329.7 in 2013. The increase
in electricity revenues was primarily due to a revenue contribution of $37.3
million from Olkaira III Plant 2, McGinness Hills and Tuscarora. The
increase was offset by an $11.0 million decrease resulting from the natural
gas prices; a $2.8 million mark to market loss compared to a $2.3 million
mark to market gain on derivative contracts on oil and natural gas prices;
reduced generation in some power plants; and a reduction in energy rates at
Puna and Amatitlan power plants.

 Operating income for the year ended December 31, 2013 was $97.0 million,
compared to an operating loss of $159.9 million for the year ended December
31, 2012.

 For the year ended December 31, 2013, the company reported net income
attributable to the company's shareholders of $41.2 million or $0.91 per
share compared to net loss of $213.0 million or $4.69 per share which
included an impairment charge of $236.4 million for the year ended December
31, 2012.

 Adjusted EBITDA for the year ended December 31, 2013 was $227.1 million,
compared to $185.7 million for the year ended December 31, 2012. The
reconciliation of GAAP net cash provided by (used in) operating activities
and net income to EBITDA and Adjusted EBITDA and additional cash flows
information is set forth below in this release.

 Net cash provided by operating activities was $86.8 million in the year
ended December 31, 2013, compared to $89.5 million in the year ended
December 31, 2012.

 As of December 31, 2013 cash, cash equivalents were $57.4 million. In
addition, as of December 31, 2013, the company had $160.0 million of unused
corporate borrowing capacity under existing lines of credit with different
commercial banks.

 Fourth Quarter Results

 For the three months ended December 31, 2013, total revenues reached $130.9
million from $113.3 million in the fourth quarter of 2012, an increase of
15.5%. Electricity revenues increased 11.4% to $84.7 million from $76.1
million in the three months ended December 31, 2012. Product revenues
increased 23.9% to $46.2 million from $37.3 million in the three months
ended December 31, 2012.

 For the three months ended December 31, 2013, the company reported net
income attributable to the company's shareholders of $8.2 million or $0.18
per share compared to net loss of $229.0 million or $5.04 per share which
included an impairment charge of $229.1 million for the three months ended
December 31, 2012.

 Adjusted EBITDA for the three months ended December 31, 2013 was $51.4
million, compared to $35.2 million for the three months ended December 31,
2012. The reconciliation of GAAP net cash provided by (used in) operating
activities and net income to EBITDA and Adjusted EBITDA and additional cash
flows information is set forth below in this release.

 On February 25, 2014, ORMAT's Board of Directors approved a payment of a
quarterly dividend of $0.06 per share which is in addition to a payment of
$0.08 per share paid in 2013, pursuant to the company's dividend policy,
which targets an annual payoff ratio of at least 20% of the company's net
income. The dividend will be paid on March 27, 2014 to shareholders of
record as of closing of business on March 13, 2014. The dividend payment was
resumed in the second quarter of 2013 after satisfying the clawback
provision resulted from 2012 dividend payment, in compliance with the
requirement of the covenants in our financing documents. In addition, the
company expects to pay dividends of $0.05 per share in the next three
quarters.

 Conference Call Details

 Ormat will host a conference call to discuss its financial results and
other matters discussed in this press release at 10 a.m. EST on Wednesday,
February 26, 2014. The call will be available as a live, listen-only webcast
at www.ormat.com. During the webcast, management will refer to slides that
will be posted on the website. The slides and accompanying webcast can be
accessed through the Webcast & Presentations in the Investor Relations
section of Ormat's website.

 An archive of the webcast will be available approximately 10 minutes after
the conclusion of the live call.

 About Ormat Technologies

 With over four decades of experience, Ormat Technologies, Inc. is a leading
geothermal company and the only vertically integrated company solely engaged
in geothermal and recovered energy generation (REG). The company owns,
operates, designs, manufactures and sells geothermal and REG power plants
primarily based on the Ormat Energy Converter--a power generation unit that
converts low-, medium- and high-temperature heat into electricity. With over
77 U.S. patents, Ormat's power solutions have been refined and perfected
under the most grueling environmental conditions. Ormat has 480 employees in
the United States and about 640 overseas. Ormat's flexible, modular
solutions for geothermal power and REG are ideal for the vast range of
resource characteristics. The company has engineered, manufactured and
constructed power plants, which it currently owns or has supplied to
utilities and developers worldwide, totaling over 1,750 MW of gross
capacity. Ormat's current generating portfolio of 626 MW (net) is spread
globally in the U.S., Guatemala and Kenya.

 Ormat's Safe Harbor Statement

 Information provided in this press release may contain statements relating
to current expectations, estimates, forecasts and projections about future
events that are "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
generally relate to Ormat's plans, objectives and expectations for future
operations and are based upon its management's current estimates and
projections of future results or trends. Actual future results may differ
materially from those projected as a result of certain risks and
uncertainties. For a discussion of such risks and uncertainties, see "Risk
Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form
10-K filed with the Securities and Exchange Commission on March 11, 2013.

 These forward-looking statements are made only as of the date hereof, and
we undertake no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.


 
  
    Ormat Technologies, Inc. and Subsidiaries
 
 
  
    Condensed Consolidated Statements of Operations
 
 
  
    For the Three-Month Periods and Years Ended December 31, 2013 and 2012
 
 
  
    (Unaudited)
 
 
  
   
  
   
  
   
  
   
  
   
 
 
  
   
  
    Three Months Ended

    December 31
  
    Year Ended

    December 31
 
 
  
   
  
    2013
  
    2012
  
    2013
  
    2012
 
 
  
   
  
   
  
   
  
   
  
    As Revised
 
 
  
   
  
    (In thousands, except per share data)
  
    (In thousands, except per share data)
 
 
  
    Revenues:
  
   
  
   
  
   
  
   
 
 
  
    Electricity
  
    $ 84,742
  
    $ 76,057
  
    $ 329,747
  
    $ 314,894
 
 
  
    Product
  
    46,163
  
    37,263
  
    203,492
  
    186,879
 
 
  
    Total revenues
  
    130,905
  
    113,320
  
    533,239
  
    501,773
 
 
  
    Cost of revenues:
  
   
  
   
  
   
  
   
 
 
  
    Electricity
  
    57,789
  
    64,630
  
    232,874
  
    237,415
 
 
  
    Product
  
    30,212
  
    26,771
  
    140,547
  
    135,346
 
 
  
    Total cost of revenues
  
    88,001
  
    91,401
  
    373,421
  
    372,761
 
 
  
    Gross margin
  
    42,904
  
    21,919
  
    159,818
  
    129,012
 
 
  
    Operating expenses:
  
   
  
   
  
   
  
   
 
 
  
    Research and development expenses
  
    1,519
  
    2,160
  
    4,965
  
    6,108
 
 
  
    Selling and marketing expenses
  
    6,752
  
    2,966
  
    24,613
  
    15,718
 
 
  
    General and administrative expenses
  
    8,924
  
    7,903
  
    29,188
  
    28,066
 
 
  
    Impairment charge
  
   
  
    229,113
  
    --
  
    236,377
 
 
  
    Write-off of unsuccessful exploration activities
  
    4,094
  
    720
  
    4,094
  
    2,639
 
 
  
    Operating income (loss)
  
    21,615
  
    (220,943)
  
    96,958
  
    (159,896)
 
 
  
    Other income (expense):
  
   
  
   
  
   
  
   
 
 
  
    Interest income
  
    462
  
    197
  
    1,332
  
    1,201
 
 
  
    Interest expense, net
  
    (21,950)
  
    (19,528)
  
    (73,776)
  
    (64,069)
 
 
  
    Foreign currency translation and transaction gains
  
    1,241
  
    1,369
  
    5,085
  
    242
 
 
  
    Income attributable to sale of tax benefits
  
    5,603
  
    2,710
  
    19,945
  
    10,127
 
 
  
    Other non-operating income, net
  
    9
  
    246
  
    1,592
  
    590
 
 
  
    Income (loss), before income taxes and equity in losses of investees
  
    6,980
  
    (235,949)
  
    51,136
  
    (211,805)
 
 
  
    Income tax benefit (provision)
  
    1,476
  
    8,321
  
    (13,552)
  
    (1,827)
 
 
  
    Equity in losses of investees, net
  
    (101)
  
    (980)
  
    (250)
  
    (2,522)
 
 
  
    Income (loss) from continuing operations
  
    8,355
  
    (228,608)
  
    37,334
  
    (216,154)
 
 
  
    Discontinued operations:
  
   
  
   
  
   
  
   
 
 
  
    Income (loss) from discontinued operations (including gain on disposal
of $3,646, $0, $3,646 and $0, respectively)
  
    --
  
    (64)
  
    5,311
  
    4,811
 
 
  
    Income tax provision
  
    --
  
    (167)
  
    (614)
  
    (1,264)
 
 
  
    Total income (loss) from discontinued operations
  
    --
  
    (231)
  
    4,697
  
    3,547
 
 
  
   
  
   
  
   
  
   
  
   
 
 
  
    Net income (loss)
  
    8,355
  
    (228,839)
  
    42,031
  
    (212,607)
 
 
  
    Net income attributable to noncontrolling interest
  
    (193)
  
    (136)
  
    (793)
  
    (414)
 
 
  
    Net income (loss) attributable to the Company's stockholders
  
    $ 8,162
  
    $ (228,975)
  
    $ 41,238
  
    $ (213,021)
 
 
  
   
  
   
  
   
  
   
  
   
 
 
  
    Earnings (losses) per share attributable to the Company's
stockholders:
  
   
  
   
  
   
  
   
 
 
  
    Basic:
  
   
  
   
  
   
  
   
 
 
  
    Income (loss) from continuing operations
  
    $ 0.18
  
    $ (5.03)
  
    $ 0.81
  
    $ (4.77)
 
 
  
    Discontinued operations
  
    --
  
    (0.01)
  
    0.10
  
    0.08
 
 
  
    Net Income (loss)
  
    $ 0.18
  
    $ (5.04)
  
    $ 0.91
  
    $ (4.69)
 
 
  
   
  
   
  
   
  
   
  
   
 
 
  
    Diluted:
  
   
  
   
  
   
  
   
 
 
  
    Income (loss) from continuing operations
  
    $ 0.18
  
    $ (5.03)
  
    $ 0.81
  
    $ (4.77)
 
 
  
    Discontinued operations
  
    --
  
    (0.01)
  
    0.10
  
    0.08
 
 
  
    Net Income (loss)
  
    $ 0.18
  
    $ (5.04)
  
    $ 0.91
  
    $ (4.69)
 
 
  
   
  
   
  
   
  
   
  
   
 
 
  
    Weighted average number of shares used in computation of earnings
(losses) per share

    attributable to the Company's stockholders:
  
   
  
   
  
   
  
   
 
 
  
    Basic
  
    45,461
  
    45,431
  
    45,440
  
    45,431
 
 
  
    Diluted
  
    45,610
  
    45,431
  
    45,475
  
    45,431
 




 
  
   
 
 
  
   
 
 
  
    Ormat Technologies, Inc. and Subsidiaries
 
 
  
    Condensed Consolidated Balance Sheets
 
 
  
    As of December 31, 2013 and December 31, 2012
 
 
  
    (Unaudited)
 
 
  
   
  
   
  
   
 
 
  
   
  
    December 31,
  
    December 31,
 
 
  
   
  
    2013
  
    2012
 
 
  
   
  
   
  
    As Revised
 
 
  
   
  
    (In thousands)
 
 
  
    ASSETS
 
 
  
    Current assets:
  
   
  
   
 
 
  
    Cash and cash equivalents
  
    $ 57,354
  
    $ 66,628
 
 
  
    Short-term bank deposit
  
    --
  
    3,010
 
 
  
    Restricted cash, cash equivalents and marketable securities
  
    51,065
  
    76,537
 
 
  
    Receivables:
  
   
  
   
 
 
  
    Trade
  
    95,365
  
    55,680
 
 
  
    Related entity
  
    442
  
    373
 
 
  
    Other
  
    11,049
  
    8,632
 
 
  
    Due from Parent
  
    382
  
    311
 
 
  
    Inventories
  
    22,289
  
    20,669
 
 
  
    Costs and estimated earnings in excess of billings on uncompleted
contracts
  
    21,217
  
    9,613
 
 
  
    Deferred income taxes
  
    523
  
    637
 
 
  
    Prepaid expenses and other
  
    29,654
  
    34,144
 
 
  
    Total current assets
  
    289,340
  
    276,234
 
 
  
    Unconsolidated investments
  
    7,076
  
    2,591
 
 
  
    Deposits and other
  
    22,114
  
    36,187
 
 
  
    Deferred income taxes
  
    891
  
    21,283
 
 
  
    Deferred charges
  
    36,738
  
    35,351
 
 
  
    Property, plant and equipment, net
  
    1,452,336
  
    1,252,873
 
 
  
    Construction-in-process
  
    288,827
  
    396,141
 
 
  
    Deferred financing and lease costs, net
  
    30,178
  
    31,371
 
 
  
    Intangible assets, net
  
    31,933
  
    35,492
 
 
  
    Total assets
  
    $ 2,159,433
  
    $ 2,087,523
 
 
  
    LIABILITIES AND EQUITY
 
 
  
    Current liabilities:
  
   
  
   
 
 
  
    Accounts payable and accrued expenses
  
    $ 98,047
  
    $ 98,001
 
 
  
    Deferred income taxes
  
    --
  
    20,392
 
 
  
    Billings in excess of costs and estimated earnings on uncompleted
contracts
  
    7,903
  
    25,408
 
 
  
    Current portion of long-term debt:
  
   
  
   
 
 
  
    Limited and non-recourse:
  
   
  
   
 
 
  
    Senior secured notes
  
    31,137
  
    28,231
 
 
  
    Other loans
  
    20,377
  
    11,453
 
 
  
    Full recourse
  
    28,875
  
    28,649
 
 
  
    Total current liabilities
  
    186,339
  
    212,134
 
 
  
    Long-term debt, net of current portion:
  
   
  
   
 
 
  
    Limited and non-recourse:
  
   
  
   
 
 
  
    Senior secured notes
  
    270,310
  
    312,926
 
 
  
    Other loans
  
    311,078
  
    242,815
 
 
  
    Full recourse:
  
   
  
   
 
 
  
    Senior unsecured bonds
  
    250,596
  
    250,904
 
 
  
    Other loans
  
    53,467
  
    82,344
 
 
  
    Revolving credit lines with banks (full recourse)
  
    112,017
  
    73,606
 
 
  
    Liability associated with sale of tax benefits
  
    60,985
  
    51,126
 
 
  
    Deferred lease income
  
    63,496
  
    66,398
 
 
  
    Deferred income taxes
  
    55,035
  
    45,059
 
 
  
    Liability for unrecognized tax benefits
  
    4,950
  
    7,280
 
 
  
    Liabilities for severance pay
  
    23,841
  
    22,887
 
 
  
    Asset retirement obligation
  
    18,679
  
    19,289
 
 
  
    Other long-term liabilities
  
    3,529
  
    5,148
 
 
  
    Total liabilities
  
    1,414,322
  
    1,391,916
 
 
  
   
  
   
  
   
 
 
  
    Equity:
  
   
  
   
 
 
  
    The Company's stockholders' equity:
  
   
  
   
 
 
  
    Common stock
  
    46
  
    46
 
 
  
    Additional paid-in capital
  
    738,929
  
    732,140
 
 
  
    Retained earnings
  
    (6,722)
  
    (44,326)
 
 
  
    Accumulated other comprehensive income
  
    487
  
    651
 
 
  
   
  
    732,740
  
    688,511
 
 
  
    Noncontrolling interest
  
    12,371
  
    7,096
 
 
  
    Total equity
  
    745,111
  
    695,607
 
 
  
    Total liabilities and equity
  
    $ 2,159,433
  
    $ 2,087,523
 



 Ormat Technologies, Inc. and Subsidiaries

 Reconciliation of EBITDA, Adjusted EBITDA and Additional Cash Flows
Information

 For the Three-Month Periods and Years Ended December 31, 2013 and 2012

 (Unaudited)

 We calculate EBITDA as net income before interest, taxes, depreciation and
amortization. We calculate Adjusted EBITDA as net income before interest,
taxes, depreciation and amortization, excluding impairment of long-lived
assets and one-time termination fee. EBITDA and Adjusted EBITDA are not a
measurement of financial performance or liquidity under accounting
principles generally accepted in the United States of America and should not
be considered as an alternative to cash flow from operating activities or as
a measure of liquidity or an alternative to net earnings as indicators of
our operating performance or any other measures of performance derived in
accordance with accounting principles generally accepted in the United
States of America. EBITDA and Adjusted EBITDA are presented because we
believe they are frequently used by securities analysts, investors and other
interested parties in the evaluation of a company's ability to service
and/or incur debt. However, other companies in our industry may calculate
EBITDA and Adjusted EBITDA differently than we do.

 The following tables reconcile net cash provided by (used in) operating
activities and net income to EBITDA and Adjusted EBITDA for the three-month
periods and years ended December 31, 2013 and 2012:


 
  
   
  
    Three Months Ended

    December 31
  
    Year Ended

    December 31
 
 
  
   
  
    2013
  
    2012
  
    2013
  
    2012

    As revised
 
 
  
   
  
    (in thousands)
  
    (in thousands)
 
 
  
   
  
   
  
   
 
 
  
    Net cash provided by operating activities
  
    $ 54,534
  
    $ 27,087
  
    $ 86,760
  
    $ 89,471
 
 
  
    Adjusted for:
  
   
  
   
  
   
  
   
 
 
  
    Interest expense, net (excluding amortization of deferred financing
costs)
  
    20,310
  
    16,780
  
    67,677
  
    57,711
 
 
  
    Interest income
  
    (462)
  
    (197)
  
    (1,332)
  
    (1,201)
 
 
  
    Income tax provision
  
    (1,476)
  
    (8,154)
  
    14,166
  
    3,091
 
 
  
    Adjustments to reconcile net income or loss to net cash provided by
(used in) operating activities (excluding depreciation and amortization)
  
    (24,158)
  
    (229,399)
  
    48,203
  
    (199,738)
 
 
  
    EBITDA
  
    $ 48,748
  
    $ (193,883)
  
    $ 215,474
  
    $ (50,666)
 
 
  
   
  
   
  
   
  
   
  
   
 
 
  
    Impairment charge
  
    --
  
    229,113
  
    --
  
    236,377
 
 
  
    Termination fees
  
    2,625
  
    --
  
    11,604
  
    --
 
 
  
    Adjusted EBITDA
  
    $ 51,373
  
    $ 35,230
  
    $ 227,078
  
    $ 185,711
 
 
  
    Net cash used in investing activities
  
    $ (28,955)
  
    $ (47,179)
  
    $ (157,153)
  
    $ (100,790)
 
 
  
    Net cash (used in) provided by financing activities
  
    $ (3,660)
  
    $ 49,196
  
    $ 61,119
  
    $ (21,939)
 




 
  
   
  
   
  
   
 
 
  
   
  
    Three Months Ended

    December 31
  
    Year Ended

    December 31
 
 
  
   
  
    2013
  
    2012
  
    2013
  
    2012

    As revised
 
 
  
   
  
    (in thousands)
  
    (in thousands)
 
 
  
    Net income (loss)
  
    $ 8,355
  
    $ (228,839)
  
    $ 42,031
  
    $ (212,607)
 
 
  
    Adjusted for:
  
   
  
   
  
   
  
   
 
 
  
    Interest expense, net (including amortization of deferred financing
costs)
  
    21,488
  
    19,331
  
    72,444
  
    62,868
 
 
  
    Income tax provision (benefit)
  
    (1,476)
  
    (8,154)
  
    14,166
  
    3,091
 
 
  
    Depreciation and amortization
  
    20,381
  
    23,779
  
    86,833
  
    95,982
 
 
  
    EBITDA
  
    $ 48,748
  
    $ (193,883)
  
    $ 215,474
  
    $ (50,666)
 
 
  
   
  
   
  
   
  
   
  
   
 
 
  
    Impairment charge
  
    --
  
    229,113
  
    --
  
    236,377
 
 
  
    Termination fees
  
    2,625
  
    --
  
    11,604
  
    --
 
 
  
    Adjusted EBITDA
  
    $ 51,373
  
    $ 35,230
  
    $ 227,078
  
    $ 185,711
 


CONTACT: Ormat Technologies:
         Dita Bronicki
         CEO
         775-356-9029
         dbronicki@ormat.com

         Investor Relations:
         Rob Fink/Brad Nelson
         KCSA Strategic Communications
         212-896-1206 (Fink) /212-896-1249 (Nelson)
         rfink@kcsa.com / bnelson@kcsa.com

 
   
 
Ormat Technologies, Inc.

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Ormat Technologies Inc.

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ISIN : US6866881021
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Ormat technologies is based in United states of america.

Ormat technologies holds various exploration projects in Indonesia and in USA.

Its main exploration properties are HEBER in USA and SARULLA in Indonesia.

Ormat technologies is listed in Germany and in United States of America. Its market capitalisation is US$ 4.3 billions as of today (€ 3.7 billions).

Its stock quote reached its highest recent level on February 26, 2021 at US$ 98.73, and its lowest recent point on January 09, 2023 at US$ 84.40.

Ormat technologies has 50 597 124 shares outstanding.

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Annual reports of Ormat Technologies Inc.
2008 Annual Report
Financings of Ormat Technologies Inc.
5/19/2016Ormat Technologies Secures $36 Million Supply & EPC Contract...
5/23/2014(Sarulla)Sarulla Consortium Reached Financial Closing Under the $1.17...
Financials of Ormat Technologies Inc.
5/25/2016Document: Insider Ownership
5/4/2016Ormat Technologies Reports First Quarter Revenue of $151.6 M...
11/4/2015Ormat Technologies Reports 2015 Third Quarter Results
8/3/2015Ormat Technologies Reports 2015 Second Quarter Results
2/26/2014Reports 2013 Fourth Quarter and Year End Results
11/5/2013Reports 2013 Third Quarter Results
8/7/2013Reports 2013 Second Quarter Results
Project news of Ormat Technologies Inc.
7/27/2017Document: Ownership Filing
7/5/2016Document: Insider Ownership
Corporate news of Ormat Technologies Inc.
8/10/2016Document: Insider Ownership
8/3/2016Ormat Technologies beats 2Q profit forecasts
8/2/20165:05 pm Ormat Tech beats by $0.07, beats on revs; reaffirms ...
4/18/2016SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEME...
1/21/2016Ormat Technologies, Inc. to Host Conference Call Announcing ...
12/10/2015Ormat Technologies, Inc. (ORA): Are Hedge Funds Right About ...
11/4/2015Edited Transcript of ORA earnings conference call or present...
11/4/2015Ormat Technologies meets 3Q profit forecasts
11/3/20155:56 pm Ormat Tech misses by $0.03, beats on revs; guides FY...
11/3/2015Ms. Dita Bronicki Retiring From Board of Directors
11/3/2015Ormat Technologies Reports 2015 Third Quarter Results
10/15/2015Ormat Technologies, Inc. to Host Conference Call Announcing ...
10/15/2015Ormat and Toshiba Sign Strategic Collaboration Agreement
9/30/2015Herman Miller, AeroVironment, Medicines Company, Ormat Techn...
9/29/2015Carl Icahn Predicts 'Bloodbath': Time to Book Profits?
8/8/201510-Q for Ormat Technologies, Inc.
8/4/2015Edited Transcript of ORA earnings conference call or present...
7/24/2015Weakness Seen in Covanta Holding (CVA): Stock Fall 6% - Tale...
7/16/2015Ormat Technologies, Inc. to Host Conference Call Announcing ...
5/10/201510-Q for Ormat Technologies, Inc.
4/22/20153 Green Stocks for Earth Day - Analyst Blog
4/15/2015Ormat Technologies, Inc. to Host Conference Call Announcing ...
4/15/2015Ormat Signs Power Purchase Agreement for Second Phase of Don...
4/15/2015Ormat Announces Investor & Analyst Day March 31, 2015 in New...
3/19/2015Les nouvelles bonnes pratiques du M3AAWG pour les fournisseu...
3/17/2015New M3AAWG Hosting Service Providers Best Practices Backed b...
3/11/2015La mise à jour du document de bonnes pratiques du M3AAWG à d...
3/11/2015La mise à jour du document de bonnes pratiques du M3AAWG à d...
3/11/2015La mise à jour du document de bonnes pratiques du M3AAWG à d...
3/11/2015La mise à jour du document de bonnes pratiques du M3AAWG à d...
3/11/2015La mise à jour du document de bonnes pratiques du M3AAWG à d...
3/10/2015Updated M3AAWG Best Practices for Senders Urge Opt-In Only M...
2/25/2015Ormat Technologies posts 4Q profit
2/25/2015Ormat Technologies Reports 2014 Fourth Quarter and Year End ...
2/5/2015Ormat Technologies Inc. Announces $175 Million Agreement Wit...
2/2/2015Ormat Technologies, Inc. to Host Conference Call Announcing ...
11/6/2014Ormat Technologies posts 3Q profit
11/26/2013Completes Final Drawdown of $45 Million From OPIC for Final ...
7/12/2011ALERT: New Ormat Technologies Inc event
2/12/2009Commissions the First Two Facilities of the OREG 2 Project
8/6/2007to Supply Recovered Energy Generation Unit to the Italcement...
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NYSE (ORA)FRANKFURT (HNM.F)
84.40-0.73%0.000-100.00%
NYSE
US$ 84.40
01/09 16:00 -0.620
-0.73%
Prev close Open
85.02 85.08
Low High
84.40 85.87
Year l/h YTD var.
83.78 -  85.04 -0.753%
52 week l/h 52 week var.
62.92 -  100.93 29.63%
Volume 1 month var.
274,230 -3.71%
24hGold TrendPower© : 24
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DateVariationHighLow
2023-12.83%
202222.09%98.4760.32
2021-12.16%98.73102.56
202021.16%91.9953.44
201942.63%79.1850.41
 
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