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Ormat Technologies Q4 2022 Earnings Report

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$67.52 +0.40 (+0.60%)
(As of 12/20/2024 05:31 PM ET)

Ormat Technologies EPS Results

Actual EPS
$0.73
Consensus EPS
$0.48
Beat/Miss
Beat by +$0.25
One Year Ago EPS
$0.41

Ormat Technologies Revenue Results

Actual Revenue
$205.50 million
Expected Revenue
$199.33 million
Beat/Miss
Beat by +$6.17 million
YoY Revenue Growth
+7.60%

Ormat Technologies Announcement Details

Quarter
Q4 2022
Time
After Market Closes

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Ormat Technologies Earnings Headlines

Ormat Technologies initiated with a Neutral at Piper Sandler
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Ormat Technologies Announces 3.7 Million Share Secondary Offering
ORIX CORP Reduces Stake in Ormat Technologies Inc
Ormat Technologies falls -7.9%
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About Ormat Technologies

Ormat Technologies (NYSE:ORA) 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.

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