에 대한 최신 뉴스 Ormat Technologies (NYSE:ORA) 주식

Ormat Technologies

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.

Ormat Technologies Inc

Aura Minerals Inc

MONARCA MINERALS INC ORD by Monarca Minerals Inc

Monarca Minerals Inc

Oraichain Token

Orange SA

General

Ormat Technologies Commences Commercial Operations For 35 MW Ijen Geothermal Power Plant

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Ormat Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>)</h3>
<ul>
<li>On Jan. 22, Ormat Technologies signed a 10-year PPA with Calpine Energy Solutions for up to 15MW of carbon-free geothermal capacity. The company' stock fell around 9% over the past month and has a <a href="https://www.benzinga.com/quote/ORA">52-week low of $59.41</a>.</li>
<li>RSI Value: 26.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>ORA Price Action: Shares of Ormat Technologies fell 3.3% to close at $62.51 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012925&amp;t=be2bearmibe3na1">ORA news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012925&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064426/image-226.png" alt="" class="wp-image-755529" style="width:606px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064426/image-226.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064426/image-226-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064426/image-226-768x703.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
<h3 class="wp-block-heading">AES Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>The AES will host a conference call on Friday, Feb. 28, 2025 to review its fourth quarter and full year 2024 financial results. The company's stock fell around 13% over the past month and <a href="https://www.benzinga.com/quote/AES">has a 52-week low</a> of $10.81.</li>
<li>RSI Value: 27.8</li>
<li>AES Price Action: Shares of AES fell 3.8% to close at $11.01 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012925&amp;t=be2bearmibe3na1">AES stoc</a>k. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012925&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064626/image-227.png" alt="" class="wp-image-755532" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064626/image-227.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064626/image-227-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064626/image-227-768x704.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">PG&amp;E Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>)</h3>
<ul>
<li>On Jan. 27, Barclays analyst Nicholas Campanella maintained PG&amp;E with an Overweight and lowered the price target from $24 to $23.. The company's stock fell around 21% over the past month and has a 52-week<a href="https://www.benzinga.com/quote/PCG"> low of $15.78.</a></li>
<li>RSI Value: 26.1</li>
<li>PCG Price Action: Shares of PG&amp;E fell 2% to close at $15.96 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012925&amp;t=be2bearmibe3na1">breakout in PCG shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012925&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="862" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064717/image-228.png" alt="" class="wp-image-755533" style="width:569px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064717/image-228.png 862w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064717/image-228-300x291.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29064717/image-228-768x745.png 768w" sizes="(max-width: 862px) 100vw, 862px" /></a></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43263799/wall-streets-most-accurate-analysts-spotlight-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a></li>
</ul>

Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

Top 3 Utilities Stocks That May Rocket Higher This Month

Ormat Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>), a leading geothermal and renewable energy company, today announced the signing of a 10-year Power Purchase Agreement (PPA) with Calpine Energy Solutions, one of North America's largest energy suppliers. Under this agreement, Calpine Energy Solutions will purchase up to 15 megawatts (MW) of clean, renewable energy from the Mammoth 2 geothermal power plant located near Mammoth Lakes, California, to support demand within its retail portfolio.
Energy deliveries under the PPA are set to begin in the first quarter of 2027 and will replace the existing PPA with the Southern California Edison Company (SCE). Notably, the new PPA, which includes an increase in production capacity and a higher price point, highlights the tight supply-demand balance of carbon-differentiated electricity in California, driven by state Renewable Portfolio Standards (RPS) compliance needs and voluntary corporate demand.

Ormat Technologies Announces 10-Year PPA With Calpine Energy Solutions For Up To 15MW From Mammoth 2 Geothermal Plant Starting Q1 2027; Replacing Southern California Edison Deal, Reflecting California's Carbon-Differentiated Electricity Demand

During the last three months, 4 analysts shared their evaluations of Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $83.5, along with a high estimate of $92.00 and a low estimate of $73.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.47%. 
<img src="https://www.benzinga.com/files/images/story/2025/1736532054_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Ormat Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$73.00</td>
<td>-</td>
</tr>
<tr>
<td>Derek Podhaizer</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Neutral</td>
<td>$78.00</td>
<td>-</td>
</tr>
<tr>
<td>Justin Clare</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$92.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$91.00</td>
<td>$86.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Ormat Technologies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Ormat Technologies compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Ormat Technologies's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Ormat Technologies's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ORA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ormat Technologies analyst ratings.</a>
<h2>Delving into Ormat Technologies's Background</h2>
Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.
<h3>Ormat Technologies's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Ormat Technologies showcased positive performance, achieving a revenue growth rate of 1.79% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: Ormat Technologies's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 10.43%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.93%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.4%, the company showcases effective utilization of assets.
Debt Management: Ormat Technologies's debt-to-equity ratio is below the industry average at 1.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Assessing Ormat Technologies: Insights From 4 Financial Analysts

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) with a Hold rating and announces Price Target of $73.

Price Target

Initiation

Jefferies Initiates Coverage On Ormat Technologies with Hold Rating, Announces Price Target of $73

Ormat Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>), a leading geothermal and renewable energy company, today announced it has successfully secured 1,678 acres in Utah's Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing operations and development projects in the state, further strengthening the company's commitment to advancing renewable energy solutions and meeting Utah's increasing demand for sustainable energy.
The newly leased acres should allow Ormat to develop two new power plants near our Cove Fort facility in Utah. Exploration work on the first plant (Cove Fort 2) is expected to begin in 2025 and, pending resource availability, we expect the project to achieve a Commercial Operation Date in 2027. The second plant (Cove Fort North) will be developed at a later stage.

Ormat Technologies Secured 1,678 Acres In Utah's Bureau Of Land Management Auction To Support Ormat's Ongoing Operations And Development Projects In The State, Further Strengthening The Co's Commitment To Advancing Renewable Energy Solutions And Meeting Utah's Increasing Demand For Sustainable Energy

Piper Sandler analyst Derek Podhaizer initiates coverage on Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) with a Neutral rating and announces Price Target of $78.

Piper Sandler Initiates Coverage On Ormat Technologies with Neutral Rating, Announces Price Target of $78

Ormat Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) ("Ormat" or the "Company"), a leading geothermal and renewable energy technology company, announced today the pricing of an underwritten secondary offering of 3,700,000 shares of its common stock on behalf of ORIX Corporation. The offering is expected to close on December 13, 2024, subject to customary closing conditions. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder.
Goldman Sachs &amp; Co. LLC is acting as the sole book-running manager and underwriter for the offering. The shares of common stock are being sold to the public at an initial price of $76.20 per share. Goldman Sachs &amp; Co. LLC will have a 30-day option to purchase up to an additional 555,000 shares of Ormat's common stock from ORIX Corporation.

Offerings

Reported Earlier, Ormat Selling Stockholder Priced Public Offering of 3.7M Common Stock At $76.20/Share

Contracts

Ormat Technologies Announces Major EPC Contract With Contact Energy For 101MW Valued At ~$200M

Roth MKM analyst Justin Clare reiterates Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) with a Buy and raises the price target from $87 to $92.

Reiteration

Roth MKM Reiterates Buy on Ormat Technologies, Raises Price Target to $92

Oppenheimer analyst Noah Kaye maintains Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) with a Outperform and raises the price target from $86 to $91.

Oppenheimer Maintains Outperform on Ormat Technologies, Raises Price Target to $91

Guidance

Ormat Technologies Sees FY24 Revenue $875M-$893M Vs $892.19M Est.

Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.31 by 35.48 percent. The company reported quarterly sales of $211.800 million which missed the analyst consensus estimate of $216.790 million by 2.30 percent. This is a 1.80 percent increase over sales of $208.056 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Ormat Technologies Q3 2024 Adj. EPS $0.42 Beats $0.31 Estimate, Sales $211.800M Miss $216.790M Estimate

Ormat Launches Commercial Operation Of 80MW/320MWh Bottleneck Energy Storage Facility In California, Supplying SDG&E Under 15-Year Agreement; Project Eligible For 40% Investment Tax Credit

<ul>
<li>AGREEMENTS SECURE SEVEN YEARS OF FIXED REVENUES &nbsp;</li>
<li>COMBINED WITH RECENTLY ANNOUNCED 100MW/200MWH LOUISA PROJECT, ORMAT TO OWN AND OPERATE 253MW/473MWH BY END OF 2026 IN TEXAS</li>
</ul>
RENO, Nev., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>), a leading renewable energy company, today announced the signing of two seven-year tolling agreements with Equilibrium Energy for the Lower Rio 60MW/120MWh and Bird Dog 60MW/120MWh Energy Storage facilities in Texas. This marks Ormat's first tolling agreements signed in the ERCOT market.
The Lower Rio project is expected to come online in the second quarter of 2025, while the Bird Dog facility is anticipated to be operational in the fourth quarter of 2025. Both projects are entitled to receive a 40% investment tax credit under the Inflation Reduction Act. The tolling agreements secure fixed revenues for the energy and ancillary services provided by the facilities. This enabled Ormat to start construction on the recently announced 100MW/200MWh Louisa project, which is expected to be online by the end of 2026.

Ormat Signs Its First Tolling Agreements In Texas For Two 60MW/120MWH Energy Storage Facilities

Roth MKM analyst Justin Clare maintains Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) with a Buy and maintains $80 price target.

Roth MKM Maintains Buy on Ormat Technologies, Maintains $80 Price Target

Oppenheimer analyst Noah Kaye maintains Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) with a Outperform and raises the price target from $85 to $86.

Oppenheimer Maintains Outperform on Ormat Technologies, Raises Price Target to $86

Ormat Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ora#NYSE">ORA</a>) reported second-quarter 2024 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line was on par with the year-ago quarter&#39;s reported actuals.
The adjusted earnings benefited from higher revenues and improved margins, offset by higher interest expenses.
The company reported GAAP earnings of 37 cents per share compared with 40 cents in the year-ago quarter.
The year-over-year deterioration can be attributed to after-tax write-offs related to the decommissioning of OREG 4, the Recovered Energy Generation facility and an unsuccessful exploration activity.
<div class="chart_embed">
<h3>Ormat Technologies, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Ormat Technologies, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e4/1723026768.png" style="height:305px; width:625px" title="" />
Ormat Technologies, Inc. price-consensus-eps-surprise-chart | Ormat Technologies, Inc. Quote
</div>
<h3>Revenues</h3>
ORA generated revenues of $213 million, which beat the Zacks Consensus Estimate by 0.9%. The top line also rose 9.3% year over year, driven by higher revenues from all three of its segments.
<h3>Segmental Revenues</h3>
Electricity: Revenues in this segment amounted to $166.2 million, up 7% year over year. This upside was primarily driven by revenue contributions from its newly acquired Enel assets, a step up in operating performance and power generation at Puna, and the resumption of Heber 1 operations.
Product: This segment&#39;s revenues improved a solid 13.1% to reach $37.8 million from the year-ago quarter&#39;s level. The improvement can be attributed to a higher backlog, enhanced revenue recognition and increased profitability from ORA&#39;s contracts.
Energy: Revenues in this division amounted to $8.9 million, up 48.1% from the prior-year quarter&#39;s figure. This was driven by improved prices from the company&#39;s Pomona 2 tolling agreement, combined with higher merchant prices.
<h3>Operational Update</h3>
Ormat&#39;s total operating expenses were $26.3 million, which increased 3.9% from the year-ago quarter&#39;s level.
The operating income rose 45% year over year to $35.1 million.
The total cost of revenues was $151.6 million, up 4.3% year over year.
Net interest expenses were $33.7 million, up 38.2% year over year.
<h3>Financial Condition</h3>
ORA had cash and cash equivalents of $66.3 million as of Jun 30, 2024, compared with $195.8 million as of Dec 31, 2023.
<h3>2024 Guidance</h3>
The company updated its guidance for 2024. It now expects to generate revenues in the range of $875-$910 million, narrower than the prior guidance of $860-$910 million. The Zacks Consensus Estimate for revenues is pegged at $881.9 million, lower than the mid-point of the newly guided range.
Revenues for the Electricity segment are now anticipated to be in the band of $710-$720 million compared with the prior expectation of $710-$730 million. Product segment revenues are now expected to be in the range of $130-$145 million compared with the earlier projection of $115-$135 million. ORA continues to expect revenues from the Energy Storage segment between $35 million and $45 million.
The annual adjusted EBITDA is projected to be in the band of $520-$550 million, up from the prior guidance of $515-$545 million.
<h3>Zacks Rank</h3>
Ormat currently carries a Zacks Rank #3 (Hold).
<h3>Recent Sector Releases</h3>
Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) reported second-quarter 2024 adjusted earnings of 43 cents per share, highlighting a 70.7% decline from $1.47 reported in the prior-year quarter. The bottom line also lagged the Zacks Consensus Estimate of 49 cents by 12.2%.
Enphase Energy&#39;s second-quarter revenues of $303.5 million missed the Zacks Consensus Estimate of $314 million by 1.8%. The top line also declined 57.3% from the prior-year quarter&#39;s reported figure of $711.1 million.
Plains All American Pipeline, L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paa#NASDAQ">PAA</a>) reported second-quarter 2024 adjusted earnings of 31 cents per unit, which missed the Zacks Consensus Estimate of 33 cents by 6.1%. However, the bottom line improved 24% from 25 cents in the year-ago quarter.
Net sales of $12.93 billion beat the Zacks Consensus Estimate of $12.91 billion by 0.2%. The top line also increased 11.5% from the year-ago quarter&#39;s figure of $11.6 billion.
NextEra Energy Partners, LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nep#NYSE">NEP</a>) recorded second-quarter 2024 operating earnings of 66 cents per unit, which missed the Zacks Consensus Estimate of 70 cents by 5.7%.
The Zacks Consensus Estimate for 2024 earnings is pegged at $1.81 per share, which implies a year-over-year increase of 432.4%. The Zacks Consensus Estimate for sales is pegged at $1.25 billion.
<a href="https://www.zacks.com/stock/news/2318211/ormat-ora-q2-earnings-beat-estimates-revenues-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318211">To read this article on Zacks.com click here.</a>

Mid Cap

Tech

ENPH

Ormat Q2 Earnings Beat Estimates, Revenues Rise Y/Y

<ul>
<li>
2024&nbsp;GUIDANCE
</li>
<li>Electricity segment revenues between&nbsp;$710 million&nbsp;and&nbsp;$720 million.</li>
<li>Product segment revenues of between&nbsp;$130 million&nbsp;and&nbsp;$145 million.</li>
<li>Energy Storage segment revenues of between&nbsp;$35 million&nbsp;and&nbsp;$45 million.</li>
<li>Adjusted EBITDA to be between&nbsp;$520 million&nbsp;and&nbsp;$550 million.
<ul>
<li>Adjusted EBITDA attributable to minority interest of approximately&nbsp;$20 million.</li>
</ul>
</li>
</ul>

Ormat Technologies Revises FY24 Total Revenues Forecast From $860M - $910M To $875M - $910M, Est $893.157M

Ormat Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORA#NYSE">ORA</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.37 by 8.11 percent. The company reported quarterly sales of $212.963 million which missed the analyst consensus estimate of $214.136 million by 0.55 percent. This is a 9.33 percent increase over sales of $194.796 million the same period last year.

Ormat Technologies Q2 2024 Adj. EPS $0.40 Beats $0.37 Estimate, Sales $212.963M Miss $214.136M Estimate

Ormat Technologies (ORA) announced it has successfully secured 1,678 acres in Utah's Bureau of Land Management, BLM, Auction. These lease acquisiti...

Ormat Technologies secures strategic land parcels in Utah BLM Auction

Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy...

Charged: Analyst sees Tesla Q4 deliveries just above expectations

Ormat Technologies (ORA) announced the commencement of commercial operations for its Montague energy storage facility. This 20MW/20MWh Battery Ener...

Ormat Technologies commences commercial operation of Montague facility

Jefferies initiated coverage of Ormat Technologies (ORA) with a Hold rating and $73 price target The firm views near-term recontracting as "the cle...

Ormat Technologies initiated with a Hold at Jefferies

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

AMD downgraded, Nike upgraded: Wall Street's top analyst calls

Ormat Technologies (ORA) announced the signing of a 10-year Power Purchase Agreement, PPA, with Calpine Energy Solutions, one of North America's la...

Ormat Technologies signs 10-year PPA with Calpine Energy

Ormat inks 10-year PPA with Calpine for up to 15 MW of geothermal capacity

Ormat Technologies (ORA) announced the successful commencement of commercial operations for the 35MW Ijen geothermal power plant. The power plant i...

Ormat announces commercial operation with 35MW Ijen Geothermal facility

Ormat Techno ( ($ORA) ) has provided an update. Ormat Technologies Inc. has reported a new development concerning their operations, as announced vi...

Comments

Ormat Technologies

뉴스

에 대한 최신 뉴스 Ormat Technologies (NYSE:ORA) 주식

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌