Welcome to our dedicated page for Ormat Tech news (Ticker: ORA), a resource for investors and traders seeking the latest updates and insights on Ormat Tech stock.
Ormat Technologies develops, owns, and operates geothermal, solar PV, recovered energy, and battery energy storage assets, while also designing and selling equipment for geothermal and recovered energy power plants. News about ORA commonly covers quarterly results, power purchase agreements, commercial operations at storage facilities, geothermal development, Enhanced Geothermal Systems strategy, and capital actions such as convertible senior notes.
The company’s updates also reference the Ormat Energy Converter, recovered energy generation projects, energy storage services, and renewable power portfolios in the United States and international geothermal markets.
Ormat Technologies (NYSE: ORA) reported a record Q1 2026 with Total revenues $403.9M (up 75.8% YoY) and Adjusted EBITDA $194.9M (up 29.7% YoY). Adjusted diluted EPS rose to $1.30 (up 91.2%). The company closed a $1.0B convertible notes offering, signed ~270MW of new PPAs, sold Topp 2, acquired Hoku, and reiterated 2026 guidance.
Management highlighted Energy Storage and Product segment strength, progress on EGS initiatives, and a quarterly dividend of $0.12 per share payable June 3, 2026.
Ormat Technologies (NYSE: ORA) will release first quarter 2026 financial results on Wednesday, May 6, 2026 after market close and will host a conference call at 9:00 a.m. ET on Thursday, May 7, 2026.
Dial-in numbers, access code 3818407, live webcast and replay details are provided for investors and will be archived on the company's Investor Relations website.
Ormat Technologies (NYSE: ORA) closed an upsized $1.0 billion private offering of convertible senior notes due March 15, 2031, consisting of $825 million Series A (1.50% coupon) and $175 million Series B (0.00% coupon). The initial conversion price reflected a 30% premium to the stock price at pricing. Series B holders have a repurchase right on March 15, 2027 at 100% principal. Ormat used approximately $287.9 million of net proceeds plus ~$25 million cash and issued ~0.6 million shares to repurchase ~$285.9 million of its 2027 convertible notes; ~$25 million was used to repurchase shares; remaining proceeds for general corporate purposes.
Ormat Technologies (NYSE: ORA) priced upsized private offerings of $725M 1.50% Series A convertible notes due 2031 and $150M 0.00% Series B convertible notes due 2031, with options to purchase up to an additional $125M.
Net proceeds are estimated at $853.6M (or $975.7M if options exercised); proceeds will repurchase 2027 convertible notes and fund share repurchases and general corporate purposes.
Ormat Technologies (NYSE: ORA) announced proposed private offerings of $600 million Series A convertible senior notes and $150 million Series B convertible senior notes due March 15, 2031, with initial purchaser options for up to an additional $90 million and $22.5 million, respectively.
Interest is semiannual; conversion, redemption, repurchase and pricing terms will be set at pricing. The company expects to use proceeds to repurchase portions of its 2027 convertible notes, buy back common stock up to $25 million, and for general corporate purposes.
Ormat Technologies (NYSE: ORA) commenced commercial operations at the Shirk Energy Storage Facility, an 80MW/320MWh BESS in Visalia, California, on March 12, 2026. The project is backed by a 15-year Resource Adequacy Purchase and Sale Agreement with the City of Riverside and qualifies for a 40% Investment Tax Credit to be monetized via a previously announced hybrid tax equity partnership with Morgan Stanley Renewables.
The company cites long-term contracted revenues and tax-benefit monetization as strengthening the profitability and visibility of its energy storage portfolio while supporting California grid reliability.
Ormat Technologies (NYSE: ORA) signed "blend-and-extend" amendments for the CD4 geothermal power plant covering a total of 15MW (7.5MW each) of the 35MW facility and extending the original PPA terms by five years to 2037. Pricing under the amended agreements is about 27% higher, with changes effective October 1, 2026. The amended PPAs increase contracted terms from 10 to 15 years and the contracted capacity per counterparty from 7MW to 7.5MW, improving revenue visibility for Ormat's electricity segment while the remaining CD4 output continues to be sold to SCPPA.
Ormat Technologies (NYSE: ORA) reported strong 2025 results with total revenues up 12.5% year-over-year to $989.6M and Q4 revenues up 19.6% to $276.0M. Energy Storage and Product segments delivered double-digit growth; Ormat signed long-term PPAs with Google (15-year, up to 150MW) and Switch (20-year, ~13MW), advanced EGS partnerships, and issued 2026 guidance of $1.11–1.16B revenues.
The company declared a quarterly dividend of $0.12 per share payable March 24, 2026, and provided 2026 segment revenue and Adjusted EBITDA guidance.
Ormat Technologies (NYSE:ORA) signed a long-term portfolio geothermal Power Purchase Agreement to supply up to 150 MW to support Google’s Nevada data center operations via NV Energy’s Clean Transition Tariff. Projects are expected online from 2028–2030, with PUCN approval expected in H2 2026 and a portfolio contract term that begins at first commercial operation and extends 15 years after the final project.
The agreement aims to scale multi-site geothermal development across Nevada and leverages the CTT to cover costs and insulate other ratepayers.
Ormat Technologies (NYSE: ORA) announced a $25 million equity investment as co-lead in an over $97 million Series B round for Sage Geosystems on Jan. 21, 2026. The financing, co-led with Carbon Direct Capital, will fund Sage’s advancement of next‑generation geothermal and energy storage solutions and support development of its first commercial facility.
Ormat said the deal complements a prior commercial agreement and will fund a pilot of Sage’s Pressure Geothermal technology at an existing Ormat plant; upon successful pilot completion, Ormat will have rights to develop, build, own and operate plants and storage projects using Sage’s technology.