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Ormat Technologies Q2 2024 Earnings Report

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$70.64 +1.26 (+1.81%)
As of 03/7/2025 03:59 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Ormat Technologies EPS Results

Actual EPS
$0.40
Consensus EPS
$0.37
Beat/Miss
Beat by +$0.03
One Year Ago EPS
$0.40

Ormat Technologies Revenue Results

Actual Revenue
$212.96 million
Expected Revenue
$214.07 million
Beat/Miss
Missed by -$1.11 million
YoY Revenue Growth
+9.30%

Ormat Technologies Announcement Details

Quarter
Q2 2024
Time
After Market Closes
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Ormat Technologies Earnings Headlines

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Q3 EPS Estimate for Ormat Technologies Decreased by Analyst
Ormat Technologies price target raised to $75 from $71 at JPMorgan
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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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