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 (NYSE: ORA) delivers renewable energy solutions through geothermal power, recovered energy generation, and grid-scale storage systems. This news hub provides investors and industry professionals with essential updates on operational milestones, financial performance, and technological advancements.
Access authoritative coverage of ORA's electricity generation projects, equipment innovations, and energy storage deployments. Our curated news collection features earnings announcements, regulatory filings, partnership developments, and project commissioning updates – all critical for evaluating the company's market position.
Key focus areas include geothermal plant expansions, energy converter technology enhancements, and storage system optimizations. Track ORA's progress in vertical integration strategies and international market penetration through verified press releases and objective analysis.
Bookmark this page for streamlined access to ORA's evolving renewable energy initiatives. Regular updates ensure you maintain current awareness of operational developments impacting long-term value creation in the clean energy sector.
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.
Ormat Technologies (NYSE: ORA) has initiated an underwritten public offering of 3,600,000 shares of its common stock, with the underwriter holding a 30-day option to acquire an additional 540,000 shares. Proceeds from this offering will be allocated for general corporate purposes, including working capital, capital expenditures, and potential acquisitions of complementary businesses or assets. The offering is led by Goldman Sachs as the sole book-running manager, and its completion is subject to market conditions. The offering is made under an automatically effective shelf registration statement filed with the SEC.
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