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.
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Ormat Technologies Inc. (NYSE: ORA), a key player in geothermal and energy storage, will release its first quarter 2023 financial results on May 09, 2023, after market closure. A conference call to discuss these results is scheduled for May 10, 2023, at 9:00 a.m. ET. Participants in the U.S. and Canada can join by calling 1-888-770-2286, while international participants can call +1-646-960-0440 using the access code 9122486. The call will also be available via a live webcast on the company's website. A replay will be accessible after the call for those unable to attend live. Ormat has a strong history, boasting over 3,200 MW of gross capacity across its geothermal and energy storage portfolios, with operations spanning multiple countries. The company focuses on expanding its footprint in the growing U.S. energy storage market.
Ormat Technologies, Inc. (NYSE: ORA) announced a public offering of 3,600,000 shares of its common stock, priced to close on March 16, 2023. An additional 540,000 shares may be purchased by the underwriter within 30 days. The net proceeds will support general corporate needs, working capital, capital expenditures, and potential acquisitions. Goldman Sachs & Co. LLC is the sole book-running manager for the offering, which is conducted under an effective shelf registration statement filed in November 2020. The offering aims to bolster Ormat’s financial flexibility and growth opportunities in the energy sector.