Core Viewpoint - Aura Minerals Inc. has entered into a Share Purchase Agreement with AngloGold Ashanti to acquire Mineração Serra Grande S.A., which owns the Serra Grande gold mine in Brazil, highlighting the company's strategy to enhance its portfolio and production capabilities [1][4]. Transaction Details - The transaction is expected to close by Q3 2025, and no later than Q4 2025 [3]. - Aura will pay an upfront cash consideration of US$ 76 million, subject to working capital adjustments, along with deferred payments equivalent to a 3% net smelter returns participation over the identified mineral resources [9]. - The transaction is contingent upon several conditions, including anti-trust approval from Brazilian authorities and the completion of a decommissioning process by AngloGold [9]. Mine Overview - The Serra Grande mine has produced over 3 million ounces of gold since 1998, with a peak production of 193,000 ounces in 2006, indicating its significant potential [4]. - The MSG operation includes three mechanized underground mines and an open pit, with a metallurgical plant that has an annual capacity of 1.5 million tons [5]. Mineral Resources - As of December 31, 2024, AngloGold reported total measured and indicated resources of 10.75 million tons of gold at an average grade of 3.14 g/t, equating to approximately 1.08 million ounces [6]. - Inferred mineral resources were reported at 12.95 million tons at an average grade of 3.39 g/t, amounting to about 1.4 million ounces [6]. Production Data - In 2024, the Serra Grande mine produced 80,000 ounces of gold, a decrease from 86,000 ounces in 2023 [7].

Core Insights - Ormat Technologies (ORA) and GE Vernova (GEV) are being compared for their value opportunities in the alternative energy sector [1] - ORA has a stronger earnings outlook compared to GEV, with Zacks Ranks of 2 (Buy) for ORA and 3 (Hold) for GEV [3] Valuation Metrics - ORA has a forward P/E ratio of 34.22, while GEV has a significantly higher forward P/E of 64.89 [5] - The PEG ratio for ORA is 3.42, compared to GEV's PEG ratio of 3.60, indicating ORA's better valuation relative to its expected earnings growth [5] - ORA's P/B ratio stands at 1.68, whereas GEV's P/B ratio is much higher at 13.10, further supporting ORA's superior valuation metrics [6] Value Grades - ORA has a Value grade of B, while GEV has a Value grade of D, indicating that ORA is currently viewed as the better value option [6]

Core Insights - Ormat Technologies, Inc. has signed a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. to support its energy storage projects [1][2] - The partnership includes the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve Commercial Operation Date (COD) by the end of 2025 [1][2] - The CEO of Ormat emphasized the importance of this partnership in optimizing project economics and supporting long-term growth, aiming to monetize $160 million in tax benefits this year [2] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over six decades of experience [3] - The company is vertically integrated, involved in the entire process from design to operation of geothermal and recovered energy generation (REG) power plants [3] - Ormat's total generating portfolio is 1,538MW, which includes 1,248MW from geothermal and solar generation and a 290MW energy storage portfolio located in the U.S. [3]

Core Insights - Crédit Coopératif has signed a memorandum of understanding with Orange for the potential acquisition of fintech Anytime, aligning with its 2030 strategic plan "100% committed" [1][4] - The acquisition aims to enhance Crédit Coopératif's digital offerings, particularly for small and medium-sized associations, leveraging Anytime's innovative services [2][5] - Discussions initiated with Orange Bank are expected to support Anytime's evolution in the Social and Solidarity Economy markets [3][4] Company Overview - Crédit Coopératif is a cooperative bank focused on environmental and social transitions, serving clients such as cooperatives, SMEs, and non-profit organizations [7] - The bank aims to strengthen its presence in the association market and achieve a market share of over 6% among newly created associations by 2030 [8] Strategic Goals - The acquisition of Anytime is part of a broader strategy to build a 100% digital offering tailored to small associations [8] - Crédit Coopératif plans to enhance dedicated services for large Social and Solidarity Economy organizations, including advanced expense management tools [8] Anytime Overview - Founded in 2014 and a subsidiary of Orange Bank since 2020, Anytime specializes in account management and payment services for professionals and associations [5] - The fintech has developed tailored solutions for associations, including advanced expense management tools [5] Social Process - Employee representative bodies within both the Orange Group and Crédit Coopératif are being consulted regarding the acquisition, with a potential completion date set for the end of 2025 [6]

Group 1 - The article highlights the historical significance of Prince Piero Ginori Conti's achievement in 1904, where he successfully lit five light bulbs using a generator that utilized steam from the earth in Larderello, Italy [1] - This event marked the beginning of commercial geothermal energy development, showcasing the potential of harnessing natural steam for electricity generation [1] Group 2 - The article does not provide any additional relevant information regarding companies or industries beyond the historical context mentioned above [2][3]

Core Viewpoint - Orange has successfully issued €1.5 billion in the bond market, which includes a €750 million sustainable bond aimed at funding environmentally and socially impactful projects [2][3]. Group 1: Bond Issuance Details - The bond issuance consists of two tranches: €750 million for 4 years with a 2.75% annual coupon and €750 million in sustainable format for 10 years with a 3.50% annual coupon [2][4]. - The sustainable tranche will allocate approximately 50% of the funds to environmental projects, primarily focused on energy efficiency, and about 50% to societal projects, mainly for deploying fiber optics in underserved areas [3]. Group 2: Strategic Implications - This dual tranche issuance allows Orange to broaden its investor base and maintain prudent balance sheet management [4]. - The issuance aligns with Orange's strategic plan "Lead the Future," which emphasizes responsibility and efficiency in its business model [7]. Group 3: Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a global workforce of 125,800 employees as of March 31, 2025 [6]. - The company serves a total customer base of 294 million worldwide, including 256 million mobile customers and 22 million fixed broadband customers [6].

Shares of Ormat Technologies Inc. (ORA) rose 2.5% to $74.11 on May 8, following the company’s first-quarter 2025 results.Ormat reported first-quarter 2025 adjusted earnings per share of 68 cents, which beat the Zacks Consensus Estimate of 58 cents by 17.2%. The bottom line also increased 4.6% from 65 cents in the year-ago quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The company reported GAAP earnings of 66 cents compared with 64 cents in the year-ago quarter.ORA’s Total Rev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32347 ORMAT TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...

Ormat (ORA) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Joshua Carroll - Assistant Vice PresidentDoron Blachar - Chief Executive OfficerAssi Ginzburg - Chief Financial OfficerMichael Fairbanks - Equity Research AssociateAndre Adams - Research Associate - Sustainable Growth and Resource OptimizationJ. David Anderson - Managing Director Conference Call Participants Justin Clare - MD & Research AnalystBen Kallo - Senior Research Analyst Operator Good morning, and welcome to the Ormat Te ...

Financial Data and Key Metrics Changes - The company achieved a 2.5% increase in revenue for Q1 2025, totaling $229.8 million compared to the same period last year [4][10] - Net income attributable to stockholders rose by 4.6% to $40.4 million, or $0.66 per diluted share [4][11] - Adjusted EBITDA grew by 6.4% to a record $150.3 million, driven by strong performance in the Energy Storage segment [4][11] Business Line Data and Key Metrics Changes - Electricity segment revenues decreased by 5.8% to $180.2 million due to curtailments in California and Nevada [12] - Product segment revenues increased by 27.9% to $31.8 million, supported by a strong backlog [12] - Energy Storage segment revenues surged nearly 120%, primarily due to new facilities and strong merchant prices [12][26] Market Data and Key Metrics Changes - The gross margin for the electricity segment fell to 33.5% from 39% year-over-year, while the product segment's gross margin improved to 22.3% from 14.8% [13] - The Energy Storage segment reported a gross margin of 30.6%, a significant increase from 7.5% in Q1 2024 [14] Company Strategy and Development Direction - The company plans to acquire the 20 megawatt Blue Mountain geothermal power plant for $88 million, with upgrades expected to add 3.5 megawatts by 2027 [6][7] - The company is focusing on securing safe harbor for projects and ensuring eligibility for tax credits to navigate tariff impacts [9][30] - The company aims to reach a portfolio capacity target of 2.6 to 2.8 gigawatts by the end of 2028, supported by geothermal development and energy storage expansion [28][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the geothermal business growth potential, citing easing project permitting timelines and strong demand for renewable energy [5][30] - The company is actively monitoring tariff impacts and is engaging with suppliers to mitigate risks [9][39] - Management believes that the demand for reliable renewable energy remains strong, positioning the company well for future growth [9][31] Other Important Information - The company declared a quarterly dividend of $0.12 per share, expected to be paid in the upcoming quarters [20] - Total expected capital expenditure for 2025 increased to $597 million, primarily due to geothermal and storage projects [19] Q&A Session Summary Question: Impact of storage project development pipeline on tariffs - Management indicated that they are exploring multiple alternatives for battery acquisition and are continuing business development efforts despite tariff uncertainties [35][39] Question: Tariff impact on geothermal costs - Management stated that the overall impact of tariffs on geothermal CapEx is not material, as a significant portion of costs is incurred in the U.S. [42][44] Question: EGS technology implementation timing - Management noted that EGS technology could enhance existing plants and is being developed with partners, though technological challenges remain [45][46] Question: Regulatory changes to expedite geothermal development - Management highlighted a new executive order aimed at speeding up the permitting process for geothermal projects on federal land [49][50] Question: Updated view on gross margins for segments - Management expects storage margins to be at the higher end of 20% and product segment margins to improve, while electricity segment margins may be lower due to curtailments [52] Question: Blue Mountain acquisition and expected EBITDA contribution - Management indicated that the Blue Mountain asset is expected to enhance growth and will provide more detailed information post-acquisition [55] Question: PPA pricing and contracting opportunities - Management confirmed that PPA pricing remains high, with ongoing negotiations for multiple PPAs [58][59] Question: Exploration and partnership with Schlumberger - Management discussed the cooperation with Schlumberger for new projects, emphasizing their superior technology in building power plants [66][67]