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, Inc. (NYSE: ORA) is a geothermal and renewable energy company whose news flow reflects its activities in geothermal power, recovered energy generation (REG), solar PV and grid‑connected energy storage. As a vertically integrated player in geothermal and REG, Ormat regularly issues updates on project development, operating milestones and long‑term contract activity across its global portfolio.
News about Ormat often covers the commencement of commercial operations at new facilities, such as the Arrowleaf hybrid solar‑plus‑storage project in California or the Lower Rio battery energy storage system in Texas. The company also reports on long‑term power purchase agreements and tolling agreements, including a 25‑year PPA extension with the Southern California Public Power Authority for the Heber 1 geothermal facility and a 20‑year PPA with Switch for geothermal capacity from the Salt Wells power plant in Nevada.
Investors and analysts following ORA can expect regular announcements on international geothermal concessions and agreements, such as the award of the Telaga Ranu Geothermal Working Area in Indonesia and Geothermal Exploration and Energy Conversion Agreements with PLN. Ormat’s news releases also highlight strategic collaborations to advance next‑generation geothermal technologies, including agreements with Sage Geosystems Inc. and SLB to pilot Pressure Geothermal and enhanced geothermal systems (EGS) at Ormat sites.
In addition, Ormat publishes quarterly and annual earnings results, guidance updates and segment performance details, typically accompanied by conference call announcements. For those tracking ORA stock, this news stream provides insight into the company’s electricity, product and energy storage segments, its contract backlog, and its stated plans to expand its energy storage footprint and geothermal development pipeline.
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.
Ormat Technologies (NYSE: ORA) was awarded the Telaga Ranu geothermal concession in Halmahera, North Maluku, Indonesia on January 15, 2026, following a competitive tender with four qualified bidders.
The concession sits in Indonesia’s highest approved feed-in tariff zone and has the potential to support up to 40MW of baseload geothermal energy. Ormat said development by the end of 2030 would help replace diesel generation, advance decarbonization, and strengthen energy security. Management stated the site could add up to 40MW to Ormat’s exploration pipeline, bringing that pipeline to approximately 200MW plus 59MW from an operating asset.