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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) reported strong Q2 2025 financial results, with total revenues increasing 9.9% to $234.0 million and net income rising 26.1% to $28.0 million. The company's adjusted EBITDA grew 6.7% to $134.6 million.
Key developments include the acquisition of the 20MW Blue Mountain geothermal power plant and securing $300 million in funding for future development. The Product segment showed significant improvement with 57.6% revenue growth, while Energy Storage revenues surged 62.7%. However, the Electricity segment saw a 3.8% decline due to planned maintenance and curtailments.
Ormat reiterated its 2025 guidance, projecting total revenues between $935-975 million and adjusted EBITDA of $563-593 million. The company declared a quarterly dividend of $0.12 per share.
Ormat Technologies (NYSE:ORA), a leading geothermal and renewable energy company, has scheduled its Second Quarter 2025 financial results announcement for Wednesday, August 6, 2025, after market close.
The company will host a conference call to discuss the results on Thursday, August 7, 2025, at 10:00 a.m. ET. Investors can access the call using the following details: US/Canada dial-in: 1-800-715-9871, International dial-in: +1-646-960-0440, Access code: 3818407. A live webcast will be available on Ormat's Investor Relations website, with replay options available one hour after the call.
Ormat Technologies (NYSE: ORA) has secured a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables for two energy storage facilities. The partnership covers the Lower Rio 60MW/120MWh storage facility and the Arrowleaf project, which combines 35MW/140MWh storage with 42MW solar capacity. Both projects are expected to be operational by end-2025.
This landmark partnership represents Ormat's first Hybrid Tax Equity arrangement for its Energy Storage portfolio and aims to help the company achieve its goal of monetizing $160 million in tax benefits in 2025. The deal strengthens Ormat's ability to invest in its development pipeline and capitalize on Investment Tax Credits (ITCs) through 2026.
Ormat Technologies (NYSE:ORA) has agreed to acquire the Blue Mountain geothermal power facility in Nevada from Cyrq Energy for $88 million. The facility generates approximately 20MW of net power capacity and has a long-term power purchase agreement with Nevada Power Company, a subsidiary of NV Energy.
The sale aligns with Cyrq Energy's five-year strategic plan, enabling the company to focus on project development and generate greater financial flexibility. Cyrq Energy will continue to operate its other geothermal power plants in Nevada, Utah, and California, including Soda Lake, Patua, Thermo, and Hudson Ranch facilities.
Ormat Technologies (NYSE: ORA), a leading geothermal and renewable energy company, has scheduled the release of its first quarter 2025 financial results on Wednesday, May 7, 2025, after market close.
The company will host a conference call to discuss the results on Thursday, May 8, 2025, at 09:00 a.m. ET. U.S. and Canadian participants can dial 1-800-715-9871, while international callers should use +1-646-960-0440 with access code 3818407. The call will include a live webcast available on the company's Investor Relations website. A replay will be accessible via phone and webcast archive.
Ormat Technologies (NYSE: ORA) reported strong financial results for Q4 and full-year 2024, with total revenues increasing 6.1% year-over-year. The company achieved a 3.5% increase in operating income and a 14.3% rise in adjusted EBITDA.
Key highlights include the addition of 253MW of new capacity through organic growth and M&A, with 133MW added to the Electricity segment and 120MW to Energy Storage. The company's Q4 net income rose 14.3% to $40.8 million, while full-year net income slightly decreased by 0.5% to $123.7 million.
Notable developments include:
- Record product segment backlog of $340.0 million
- Energy Storage segment revenues increased 56.7% in Q4 and 30.6% for the full year
- Commenced operations of 35MW Ijen geothermal plant in Indonesia
- Launched 80MW/320MWh Bottleneck Energy Storage facility
For 2025, Ormat guides total revenues between $935-975 million and adjusted EBITDA of $563-593 million. The company remains on track to achieve generating capacity goals of 2.6-2.8 GW by 2028.
Ormat Technologies (NYSE: ORA) has secured two 15-year tolling agreements for Energy Storage facilities in Israel through a tender issued by the Israeli Electricity Authority. The facilities will have a combined capacity of 300MW/1200MWh. The projects will be developed in a 50/50 partnership with Allied Infrastructure , marking Ormat's first major entry into Israel's utility-scale energy storage market.
The partnership is in advanced stages of obtaining interconnection and land use permits before beginning construction. The projects are expected to achieve commercial operation in 2028. The agreements include an option to terminate the initial contract and transition to the merchant market. This strategic move aligns with Ormat's goal to enhance portfolio profitability and stabilize margin performance in its storage business.