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Can Ormat Technologies (ORA) Keep the Earnings Surprise Streak Alive?
ZACKS· 2026-01-28 18:11
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Ormat Technologies (ORA) , which belongs to the Zacks Alternative Energy - Other industry, could be a great candidate to consider.This geothermal company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 20.27%.For the last reported quarter, Orma ...
Orange: Bouygues Telecom, Free-iliad Group and Orange joint statement following press rumors
Globenewswire· 2026-01-22 07:50
Group 1 - Bouygues Telecom, Free-iliad Group, and Orange are in discussions with Altice Group regarding a potential acquisition of a significant portion of Altice's telecommunications activities in France [1][2] - Due diligence for the transaction began in early January 2026, but legal and financial terms have not yet been finalized [2] - There is no guarantee that the discussions will lead to an agreement, which would require approval from the governance of the involved parties and meet customary conditions [2] Group 2 - Orange reported revenues of €40.3 billion in 2024 and had 124,100 employees worldwide as of September 30, 2025, with a customer base of 310 million [3][4] - The Free-iliad Group generated €10.3 billion in revenues over the last twelve months and had 23.2 million subscribers in France as of September 2025 [6] - Bouygues Telecom serves 27.1 million mobile customers and 5.3 million fixed customers, with a 4G network covering 99% of the French population and a 5G network covering over 84% [7][8]
Ormat Technologies Announces Co-Lead of Series B Investment in Sage Geosystems to Advance Next-Generation Geothermal Technology
Globenewswire· 2026-01-21 12:54
Core Insights - Ormat Technologies Inc. announced a $25 million equity investment in Sage Geosystems Inc. as part of a Series B funding round exceeding $97 million, aimed at advancing geothermal power generation and energy storage solutions [1][2] Group 1: Investment and Strategic Collaboration - The investment is a significant step in Ormat's strategy to enhance its Enhanced Geothermal Systems (EGS) portfolio and capabilities, expected to accelerate the commercialization of advanced geothermal technologies [2] - Ormat and Carbon Direct Capital co-led the Series B financing, which will support Sage in developing its first commercial next-generation geothermal facility [1][2] Group 2: Technology Development - Sage plans to pilot its proprietary Pressure Geothermal technology at an existing Ormat power plant, focusing on extracting geothermal heat from hot dry rock to expedite the market entry of next-generation geothermal solutions [3] - Upon successful completion of the pilot, Ormat will have the rights to develop, build, own, and operate geothermal power plants and energy storage projects utilizing Sage's technology [3] Group 3: Company Overview - Ormat Technologies has over five decades of experience in the geothermal industry and is the only vertically integrated company engaged in geothermal and recovered energy generation, with plans to grow in the energy storage market [4] - The company currently has a total generating portfolio of 1,695 MW, including 1,310 MW from geothermal and solar generation, and a 385 MW energy storage portfolio located in the U.S. [4]
Ormat to Develop Telaga Ranu Geothermal Project in Indonesia
ZACKS· 2026-01-20 14:51
Key Takeaways ORA was awarded Telaga Ranu geothermal area, with the potential to deliver up to 40 MW of baseload capacity.ORA expands its Indonesia pipeline to about 200 MW, adding to its existing 59 MW geothermal operation.ORA targets development by 2030, supporting diesel replacement goals and improving project economics.Ormat Technologies, Inc. (ORA) recently announced that it has been awarded the Telaga Ranu Geothermal Working Area by the Government of Indonesia under the Ministry of Energy and Mineral ...
Ormat Technologies (ORA) Signs Long-Term PPA with Switch
Yahoo Finance· 2026-01-20 03:09
Group 1 - Ormat Technologies, Inc. (NYSE:ORA) is recognized as one of the 10 Best Performing Utility Stocks in 2025 [1] - The company has signed a 20-year power purchase agreement (PPA) with Switch, marking its first direct PPA with a data center operator [3] - Under the PPA, Ormat will supply approximately 13 MW of clean, renewable energy from its Salt Wells geothermal power plant in Nevada, with an option to expand output by adding a 7 MW Solar PV facility [3] Group 2 - Energy deliveries from the agreement are set to begin in the first quarter of 2030, following a major plant upgrade expected to be completed by the second quarter of this year [4] - Roth Capital has maintained a 'Buy' rating on Ormat Technologies, assigning a price target of $125, indicating confidence in the company's growth potential [4]
Mon: TASE opens week lower
En.Globes.Co.Il· 2026-01-19 16:40
Market Performance - The Tel Aviv Stock Exchange experienced a decline, with the Tel Aviv 35 Index falling by 0.08% to 3,968.81 points, the Tel Aviv 125 Index decreasing by 0.85% to 3,987.85 points, and the BlueTech Global Index dropping by 0.10% to 698.43 points [1] - The All Bond corporate bond index decreased by 0.21% to 422.79 points, with total turnover amounting to NIS 3.84 billion in equities and NIS 5.91 billion in bonds [1] Foreign Exchange Rates - The representative shekel-dollar rate increased by 0.701% from Friday, reaching NIS 3.16/$, while the representative shekel-euro rate rose by 0.903% to NIS 3.676/€ [2] Top Gainers - Enlight Renewable Energy saw the largest gain on the Tel Aviv 35 Index, rising by 8.23%. Next Vision increased by 7.69%, and Elbit Systems Ltd. rose by 0.90%. Ormat Technologies Inc. and Bezeq Israel Telecommunications Company Ltd. also experienced gains of 1.13% and 2.17%, respectively [3] Top Losers - Nice recorded the largest decline on the Tel Aviv 35 Index, falling by 5.19%. ICL decreased by 1.95%, and Teva Pharmaceutical Industries Ltd. fell by 1.68%. Mizrahi Tefahot Bank and OPC Energy also saw declines of 1.81% and 1.16%, respectively [4]
ORA Inks Long-Term PPA to Deliver Carbon-Free Geothermal Power
ZACKS· 2026-01-16 14:46
Key Takeaways ORA signed a 20-year PPA with Switch to deliver 13 MW of carbon-free geothermal power from Salt Wells.ORA will start deliveries in Q1 2030 after a Salt Wells upgrade, expanding exposure to data centers.ORA gains optional upside from a potential 7 MW solar add-on and sees chances to recontract over 100 MW.Ormat Technologies, Inc. (ORA) recently started that it has inked a 20-year Power Purchase Agreement (“PPA”) with Switch. This agreement marks Ormat’s first direct PPA with a data center opera ...
Ormat Technologies Awarded Telaga Ranu Geothermal Concession in Indonesia
Globenewswire· 2026-01-15 13:00
RENO, Nev., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced it has been awarded the Telaga Ranu Geothermal Working Area by the Government of Indonesia under the authority of the Ministry of Energy and Mineral Resources. The concession was awarded following a competitive tender process involving four qualified bidders and secures Ormat’s long-term rights to explore and develop the geothermal ...
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year End 2025 Financial Results
Globenewswire· 2026-01-14 13:00
RENO, Nev., Jan. 14, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced that it plans to publish its fourth quarter and full year 2025 financial results in a press release that will be issued on Wednesday, February 25, 2026, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday, February 26, 2026. Participants within the United Sta ...
Ormat Technologies Signs 20-Year PPA with Switch for ~13MW of Carbon-Free Geothermal Capacity to Power Data Centers
Globenewswire· 2026-01-12 22:08
Core Insights - Ormat Technologies has signed a 20-year Power Purchase Agreement (PPA) with Switch, marking its first direct agreement with a data center operator, which emphasizes the company's capabilities in geothermal energy production and the increasing demand for sustainable energy solutions in the data center industry [1][4] Group 1: Agreement Details - Under the PPA, Switch will purchase approximately 13MW of clean, renewable energy from Ormat's Salt Wells geothermal power plant located near Fallon, Nevada [2] - Ormat has the option to expand the facility's output by adding an approximately 7MW Solar PV facility, which will support the auxiliary power needs of the geothermal power plant [2] - Energy deliveries under the PPA are set to commence in the first quarter of 2030, following a major upgrade to the Salt Wells power plant expected to be completed by the second quarter of 2026 [3] Group 2: Strategic Importance - The partnership with Switch not only advances their sustainability goals but also highlights the growing demand for renewable energy within the data center sector [4] - Ormat sees potential for future recontracting of over 100MW of its existing fleet under this framework, indicating opportunities for further expansion and new agreements to supply geothermal power to Switch [4] Group 3: Company Background - Ormat Technologies is a leading geothermal company with over five decades of experience, focusing on geothermal and recovered energy generation, and is vertically integrated in the industry [5] - The company has a total generating portfolio of 1,695MW, including 1,310MW from geothermal and solar generation, and a 385MW energy storage portfolio located in the U.S. [5] Group 4: Industry Context - Switch is recognized as a leader in the data center industry, providing modular, scalable, and sustainable data centers, which aligns with the increasing demand for AI and high-performance digital infrastructure [6]