A Barrel Full's  Instablog

A Barrel Full
Send Message
Oil industry professional, interested in long and short term oil & gas prices, the oil sector in general & alternative energy.
My blog:
A Barrel Full
  • Ormat 1st Half Results 0 comments
    Aug 6, 2009 3:59 AM | about stocks: ORA

    Ormat is a geothermal company, that both manufactures low temperature generation equipment and runs its own power plants. They have reported 1st half results.

    For the six-month period ended June 30, 2009, total revenues were $200.1 million, an increase of 33.8% from $149.6 million in the same period last year. 


    Not a bad increase. Electricity sales are flat however, and the boost comes from sales of generation equipment.

    Product Segment revenues for the first half of 2009 were $76.9 million, compared to $28.3 million in the same period in 2008.  


    That is especially good news as it means that companies are investing in geothermal or energy efficiency even in today’s market. The potential for this technology and that of its competitors is huge.

    Stocks: ORA
Back To A Barrel Full's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.