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Ormat Technologies Inc (ORA.N)

ORA.N on New York Stock Exchange

51.64USD
23 May 2018
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$-1.08 (-2.05%)
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Latest Key Developments (Source: Significant Developments)

Ormat Says It Will Restate Q2, Q3, Q4 And Full-Year 2017 Financial Statements
Wednesday, 16 May 2018 

May 16 (Reuters) - Ormat Technologies Inc ::ORMAT ANNOUNCES THAT IT WILL RESTATE ITS SECOND, THIRD AND FOURTH QUARTER AND FULL-YEAR 2017 FINANCIAL STATEMENTS; ANNOUNCES DELAY IN FILING ITS FIRST QUARTER 2018 FINANCIAL STATEMENTS.FURTHER DELAYING FILING OF QUARTERLY REPORT ON FORM 10-Q FOR ITS Q1 OF 2018 WITH SECURITIES AND EXCHANGE COMMISSION.DECISION TO RESTATE THESE FINANCIAL STATEMENTS IS BASED ON CONCLUSION THAT THERE WERE ERRORS IN INCOME TAX PROVISION.IMPACT OF RESTATEMENT IS PRELIMINARY AND SUBJECT TO CHANGE.ORMAT TECHNOLOGIES -AS RESULT OF RESTATEMENT, INVESTORS SHOULD NO LONGER RELY UPON CO'S PREVIOUSLY ISSUED FINANCIAL STATEMENTS FOR Q2, Q3, Q4 OF 2017.ORMAT TECHNOLOGIES- WILL MAKE REVISIONS TO SAME LINE ITEMS IN CERTAIN QUARTERLY FINANCIAL STATEMENTS FOR 2016 AND ITS FY 2016 AND 2015 FINANCIAL STATEMENT.  Full Article

Ormat Technologies Files Non-Timely 10-Q With U.S. SEC
Saturday, 12 May 2018 

May 11 (Reuters) - Ormat Technologies Inc ::ORMAT TECHNOLOGIES INC FILES NON-TIMELY 10-Q WITH U.S. SEC.ORMAT TECHNOLOGIES INC SAYS HAS DETERMINED THAT IT IS NOT ABLE TO FILE ITS QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2018.ORMAT TECHNOLOGIES - MANAGEMENT IDENTIFIED ERROR IN CO’S QUARTER ENDED MARCH 31 FINANCIAL STATEMENT PRESENTATION OF DEFERRED INCOME TAX ASSETS & LIABILITIES.ORMAT TECHNOLOGIES - NETTED SOME DEFERRED INCOME TAX ASSETS & LIABILITIES ACROSS DIFFERENT TAX JURISDICTIONS NOT PERMITTED PURSUANT TO U.S. GAAP.  Full Article

Ormat Technologies to Acquire U.S. Geothermal
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Ormat Technologies Inc :​:ORMAT SIGNS DEFINITIVE AGREEMENT TO ACQUIRE U.S. GEOTHERMAL.ORMAT TECHNOLOGIES INC - ‍ORMAT WILL PAY A TOTAL CONSIDERATION OF ABOUT $109.9 MILLION .ORMAT TECHNOLOGIES INC - DEAL FOR $5.45 PER SHARE IN CASH.  Full Article

U.S. Geothermal Agrees To Be Acquired By Ormat Technologies For $5.45 Per Share
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Us Geothermal Inc ::U.S. GEOTHERMAL INC. ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY ORMAT TECHNOLOGIES INC. FOR $5.45 IN CASH PER SHARE.US GEOTHERMAL INC - AGREEMENT, HAS BEEN UNANIMOUSLY APPROVED BY BOTH COMPANIES' BOARDS OF DIRECTORS.US GEOTHERMAL INC - TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION.  Full Article

Ormat Secures $50 Mln EPC Contract For Ngawha Extension Geothermal Project In New Zealand
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Ormat Technologies Inc ::ORMAT SECURES $50 MILLION EPC CONTRACT FOR THE NGAWHA EXTENSION GEOTHERMAL PROJECT IN NEW ZEALAND.ORMAT TECHNOLOGIES INC - PROJECT IS EXPECTED TO BE COMPLETED IN Q1 OF 2021.  Full Article

Ormat Technologies reports 2017 third quarter earnings
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Ormat Technologies Inc ::Ormat Technologies reports 2017 third quarter earnings.Q3 adjusted earnings per share $0.42.Q3 earnings per share $0.38.Q3 revenue $157.2 million vs I/B/E/S view $159 million.Q3 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.‍Management affirms full-year total revenue and adjusted ebitda guidance​.‍Ormat's product segment backlog, as of November 8, 2017, was $182.0 million​.  Full Article

Ormat Tech says expect 2016 adjusted EBITDA between $310 mln and $320 mln
Wednesday, 3 Aug 2016 

Ormat Technologies Inc : Ormat technologies inc qtrly total revenues of $159.9 million, up 13.8% compared to q2 of 2015 . Ormat technologies reports a double-digit growth in revenues, net income, and adjusted ebitda in the second quarter . Ormat technologies inc q2 shr $0.49 . Ormat technologies inc q2 revenue $159.9 mln vs i/b/e/s view $152.9 mln . Ormat technologies inc q2 shr view $0.42 -- thomson reuters i/b/e/s . Ormat technologies inc sets quarterly dividend of $0.07/shr . Ormat technologies inc - reiterate our revenue guidance and expect full-year 2016 total revenue of between $620 mln and $640 mln .Ormat technologies inc says now expect 2016 adjusted ebitda of between $310 mln and $320 mln for full year.  Full Article

BRIEF-Sarulla Geothermal Power Plant Expands To 330 MW With Third And Final Unit Commencing Commercial Operation

* SARULLA GEOTHERMAL POWER PLANT EXPANDS TO 330 MW WITH THIRD AND FINAL UNIT COMMENCING COMMERCIAL OPERATION