Ormat Technologies (ORA +12.6%) shares jump after the provider of geothermal energy moved to a Q1 profit from a loss in the same period last year, exceeding analyst expectations. ORA raised full-year revenue guidance to $480M-$505M (product revenues $165M-$175M; reaffirmed electric revenues $315M-$330M) vs. $473M consensus.
Ormat Technologies (ORA +1.8%) shares move higher after subsidiary Ormat Nevada is selected to supply a $61M engineering, procurement and construction contract where ORA will provide two air-cooled Ormat Energy Converters for a geothermal power plant project in North America.
Ormat Technologies (ORA +4.8%) finished higher today after announcing it's signed a $65M contract and credit agreement with Lightning Dock Geothermal, a subsidiary of privately held Cyrq Energy, in connection with the construction of a geothermal project in New Mexico.
Geothermal energy provider Ormat Technologies (ORA -6.8%) sold off today after filing for a $1.5B mixed shelf registration. The company says it will use the proceeds from the sale for "general corporate purposes."
Ormat Technologies, Inc., is engaged in the geothermal and recovered energy power business. It designs, develops, builds, owns, and operates clean, environmentally friendly geothermal and recovered energy-based power plants.