Press releaseParis, 25 March 2026 Orange enters into exclusive negotiations with Verdoso with a view to a possible divestment of Globecast Orange and the investment fund Verdoso announce that they have signed an exclusivity agreement with a view to a potential sale of Globecast. Globecast is Orange’s media services business, which currently supports thousands of customers – TV channels, rights holders and platform operators – in distributing and broadcasting their audiovisual content worldwide. The company ...

RENO, Nev., March 23, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Company” or “Ormat”) today announced the closing of its previously announced private offering of $1 billion aggregate principal amount of convertible senior notes, including the full exercise of the initial purchasers’ option to purchase additional notes. The offering consists of $825 million aggregate principal amount of 1.50% Series A Convertible Senior Notes due 2031 (the “Series A Notes”) and $175 million aggregate pri ...

Press releaseParis, 20 March 2026 Orange Board of Directors appoints Frédéric Sanchez as Chairman The Board of Directors of Orange has decided to appoint Frédéric Sanchez, an independent director of Orange since 2020 and Chair of the Strategy and Technology Committee, as Chairman of the Board of Directors of Orange at the close of the Annual Shareholders’ Meeting to be held on 19 May 2026. This decision is based on the recommendations of the Governance, Corporate Social and Environmental Responsibility Com ...

INVESTOR PRESENTATION ORMAT TECHNOLOGIES, INC. March 2026 Mammoth Complex, USA SAFE HARBOR STATEMENT AND NON-GAAP METRICS THIS PRESENTATION INCLUDES FORWARD-LOOKING STATEMENTS, AND THE DISCLAIMER SHOULD BE READ CAREFULLY FORWARD-LOOKING STATEMENTS This presentation, and information provided during any discussion accompanying this presentation, may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve estimates, expectations, ...

Core Viewpoint - Ormat Technologies, Inc. has announced the pricing of private offerings totaling $725 million for Series A Convertible Senior Notes and $150 million for Series B Convertible Senior Notes, with the offering size increased from a previously announced $750 million [1] Group 1: Offering Details - The Series A Notes will accrue interest at 1.50% per year, payable semiannually starting September 15, 2026, while the Series B Notes will not bear regular interest [2] - Both series of Notes will mature on March 15, 2031, unless converted, redeemed, or repurchased earlier [2] - The initial conversion rate for both Series A and Series B Notes is set at 7.1225 shares of common stock per $1,000 principal amount, equating to a conversion price of approximately $140.40 per share, representing a 30% premium over the last reported sales price on March 17, 2026 [3] Group 2: Use of Proceeds - The estimated net proceeds from the sale of the Notes are approximately $853.6 million, which could increase to $975.7 million if the initial purchasers fully exercise their options [5] - The Company plans to use about $287.9 million of the net proceeds to repurchase approximately $285.9 million of its 2.50% convertible senior notes due 2027, alongside $25 million in cash on hand [5][8] - An additional $25 million of the net proceeds will be allocated for share repurchases at a price of $108.00 per share, which is the last reported sales price on March 17, 2026 [6] Group 3: Company Overview - Ormat Technologies is a leading geothermal company with over five decades of experience, focusing on geothermal and recovered energy generation [11] - The Company operates a total generating portfolio of 1,835 MW, including 1,340 MW from geothermal and solar generation, and a 495 MW energy storage portfolio located in the U.S. [11]

RENO, Nev., March 17, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Company” or “Ormat”) announced today its intention to offer $600 million aggregate principal amount of Series A Convertible Senior Notes due 2031 (the “Series A Notes”) and $150 million aggregate principal amount of Series B Convertible Senior Notes due 2031 (the “Series B Notes” and, together with the Series A Notes, the “Notes”) in private offerings to persons reasonably believed to be qualified institutional buyers purs ...

Core Insights - Ormat Technologies Inc. has commenced commercial operations at the Shirk energy storage facility, which is an 80MW/320MWh Battery Energy Storage System located in Visalia, California [1][2] Group 1: Project Details - The Shirk facility is secured under a 15-year Resource Adequacy Purchase and Sale Agreement with the City of Riverside, enhancing grid reliability and addressing California's increasing demand for flexible energy resources [2] - The project qualifies for a 40% Investment Tax Credit, which the company plans to monetize as part of a hybrid tax equity partnership with Morgan Stanley Renewables, Inc. [3] Group 2: Company Strategy and Growth - The CEO of Ormat Technologies emphasized that the Shirk Energy Storage Facility marks a significant milestone in the growth of the company's energy storage platform, showcasing its capability to develop large-scale storage assets that provide essential reliability services to the grid [4] - The project is expected to strengthen the profitability and long-term visibility of Ormat's energy storage segment while advancing its strategy of building a diversified portfolio of contracted storage assets [4] Group 3: Company Background - Ormat Technologies has over five decades of experience and is a leading geothermal company, vertically integrated in geothermal and recovered energy generation [5] - The company aims to accelerate long-term growth in the energy storage market and establish a leading position in the U.S. energy storage market, with a current total generating portfolio of 1,835MW [5]

Group 1 - The total number of shares as of January 31, 2026, is 2,660,056,599, with 1,457,248 treasury shares without voting rights, resulting in a theoretical number of voting rights of 3,180,394,670 and 3,178,937,422 exercisable voting rights [2] - As of February 28, 2026, the total number of shares remains 2,660,056,599, with an increase in treasury shares without voting rights to 1,756,848, leading to a theoretical number of voting rights of 3,181,578,829 and 3,179,821,981 exercisable voting rights [2] - The company grants a double voting right to fully paid-up shares held in registered form for at least two years, as per the French Commercial Code [1]

Core View - Ormat Technologies, Inc. is recognized as one of the top renewable energy stocks to invest in, with a moderately positive consensus from analysts and a significant upside potential from its current trading price [1]. Analyst Ratings - As of March 8, 2026, Ormat Technologies has a "Moderate Buy" consensus rating from 12 analysts, with an average price target of $129.09, indicating an approximate 18.6% upside potential from its recent trading price [1]. - UBS analyst Jon Windham has adjusted the price target for Ormat to $143 from $148 while maintaining a Buy rating, highlighting the company's stable cash flow and growth opportunities in energy storage [2]. - RBC Capital initiated coverage on Ormat with an Outperform rating and a price target of $130, while Barclays increased its price target to $123 from $108, maintaining an Overweight rating [3]. Company Overview - Ormat Technologies focuses on geothermal power, recovered energy, and energy storage, developing, building, owning, and operating geothermal power plants globally [4].

Core Viewpoint - Ormat Technologies Inc. has signed amendments to existing power purchase agreements (PPAs) with Central Coast Community Energy and Silicon Valley Clean Energy, resulting in a 27% increase in contract pricing and extending the contract term to 15 years, effective October 1, 2026 [2][4][5]. Group 1: Contract Amendments - The amended agreements cover a total of 15MW of contracted capacity from the Casa Diablo-IV geothermal power plant [2]. - The original PPAs, signed in 2022 and set to expire in 2032, have been extended by five years to 2037 [3]. - The contracted capacity under each agreement will increase from 7MW to 7.5MW, enhancing the total capacity with 3CE and SVCE to 15MW [4]. Group 2: Pricing and Economic Impact - Pricing under the amended agreements is approximately 27% higher than the original contracts [4]. - The amendments align with the company's "blend-and-extend" strategy, aimed at securing improved, demand-driven economics [3][5]. - The extended terms are expected to improve revenue visibility for the electricity segment and support stronger pricing for the CD4 power plant [5]. Group 3: Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over five decades of experience [6]. - The company operates a total generating portfolio of 1,755MW, including 1,340MW from geothermal and solar generation [6]. - Ormat is focused on expanding its activities into energy storage services and aims to establish a leading position in the U.S. energy storage market [6].