Investors with an interest in Alternative Energy - Other stocks have likely encountered both Clearway Energy (CWENA) and Ormat Technologies (ORA) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision ...

Investors with an interest in Alternative Energy - Other stocks have likely encountered both Clearway Energy (CWENA) and Ormat Technologies (ORA) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate r ...

Core Viewpoint - Ormat Technologies Inc. reported strong fourth-quarter 2024 results, with adjusted earnings per share significantly exceeding expectations, although total revenues fell short of estimates due to declines in specific segments [1][3]. Financial Performance - Adjusted earnings per share for Q4 2024 were 72 cents, beating the Zacks Consensus Estimate of 47 cents by 53.2% and increasing 7.5% from 67 cents in the same quarter last year [1][2]. - GAAP earnings for the quarter were 67 cents per share, compared to 59 cents in the year-ago quarter [2]. - Total revenues for Q4 2024 were $230.7 million, missing the Zacks Consensus Estimate of $234 million and declining 4.4% year over year [3]. Segment Performance - Electricity segment revenues were $180.1 million, down 2.1% year over year, primarily due to a partial outage at the Dixie Valley power plant [4]. - Product segment revenues decreased 21.4% to $39.6 million compared to the previous year, attributed to the timing of revenue recognition [4]. - Energy segment revenues increased significantly by 56.7% to $11 million, driven by new capacity that began operations in 2024 [5]. Operational Metrics - Total operating expenses were $24.5 million, an 8.8% decrease from the previous year [6]. - Operating income declined 4.9% year over year to $49.1 million [6]. - Net interest expenses rose 33.8% year over year to $34.5 million [6]. Financial Condition - As of December 31, 2024, Ormat had cash and cash equivalents of $94.4 million, down from $195.8 million a year earlier [7]. 2025 Guidance - The company expects 2025 revenues to be in the range of $935-$975 million, with the Zacks Consensus Estimate at $961 million [8]. - Anticipated revenues for the Electricity segment are projected between $710-$725 million, while the Product segment is expected to generate $172-$187 million [8]. - The Energy Storage segment is forecasted to bring in revenues between $53 million and $63 million [8]. - Annual adjusted EBITDA is expected to be in the range of $563-$593 million [9].

Financial Data and Key Metrics Changes - Total revenues for 2024 were $879.7 million, marking growth of 6.1% year over year, while revenue for the fourth quarter was $230.7 million, down 4.4% year over year [13][14] - Adjusted EBITDA for the full year 2024 was $550.5 million, an increase of 14.3% compared to 2023, with fourth quarter adjusted EBITDA results at $145.5 million, an increase of 4.6% year over year [16][17] - Net income attributable to stockholders for the full year 2024 was $123.7 million or $2.04 per diluted share, compared to $124.4 million or $2.08 per diluted share in the previous year [15][16] Business Segment Data and Key Metrics Changes - Electricity segment revenue for the fourth quarter decreased by 2.1% to $180.1 million, while for the full year, electricity revenue increased by 5.3% to $702.3 million [18][19] - Product segment revenue declined by 21.4% to $39.6 million during the fourth quarter, but grew by 4.4% to $139.7 million for the full year [19] - Energy Storage segment revenue increased by 56.7% in the fourth quarter and by 30.6% to $37.7 million for the full year [19] Market Data and Key Metrics Changes - The gross margin for the Electricity segment was 34.9% in the fourth quarter and 34.6% for the full year, impacted by curtailments in the U.S. and Kenya [20] - Energy Storage segment reported gross margin of 9.5% and 10.9% during the fourth quarter and full year respectively, marking significant improvement [22] Company Strategy and Development Direction - The company aims to achieve a capacity CAGR of 14% to 16%, primarily driven by strong U.S. market demand for base load electricity [39] - The company is focusing on capturing demand through its Electricity and Storage segments, with plans to invest approximately $570 million in capital expenditures for 2025 [29][30] - The company is transitioning its Storage segment to a more predictable portfolio with stronger profitability, highlighted by new tolling agreements [38] Management's Comments on Operating Environment and Future Outlook - Management expects total revenue in 2025 to be negatively impacted by $10 million to $15 million in the U.S. due to ongoing curtailments [21] - The company anticipates growing demand for renewable energy to support AI data centers and the transition to a cleaner energy future [46] - Management expressed confidence in geothermal energy's role in the transition to a cleaner energy future, supported by favorable policy developments [45] Other Important Information - The company secured three new PPAs for its Boyan power plant in Guadeloupe and other projects in California, capturing significantly higher rates than current agreements [10] - The company has approximately $667.1 million of total available liquidity and plans to invest $355 million in the electricity segment for construction, exploration, drilling, and maintenance [29][30] Q&A Session Summary Question: Electricity generation expectations for the Electricity segment in 2025 - Management indicated that generation expectations for 2025 may see a modest increase, with potential for double-digit growth in 2026 as new projects come online [50][52] Question: CapEx guide and exploration activities - Management confirmed a doubling year-over-year of exploration and preliminary drilling activities, focusing on increasing exploration efforts to support future growth [57][58] Question: Safe harbor for geothermal projects - Management stated that they have safe harbored many projects not listed in their presentation, aiming to secure additional projects for 2029 [70][72] Question: Contribution from the New Zealand project contract - Management expects significant revenue contribution from the $210 million contract in New Zealand, with revenue spread across multiple years [73][75] Question: Energy Storage margins outlook - Management anticipates margins for the Energy Storage segment to be between 15% to 20% for the full year 2025, influenced by weather events and new projects [92][93] Question: MOU with SLB for geothermal assets - Management highlighted the importance of the MOU with SLB for developing geothermal projects, focusing on addressing technology challenges in Enhanced Geothermal Systems (EGS) [99][101]

Ormat Technologies, Inc. (NYSE:ORA) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Josh Carroll - Alpha IR Doron Blachar - Chief Executive Officer Assi Ginzburg - Chief Financial Officer Smadar Lavi - Vice President of Investor Relations and ESG Planning and Reporting Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH Capital Partners Hannah Velásquez - Jefferies Derek Podhaizer - Piper Sandler Jeff Osborne - TD Cowen Ryan Levine - Citigroup Operato ...

Financial Performance - Ormat Technologies reported a revenue increase of 15% year-over-year, reaching $800 million for the fiscal year[11] - The company achieved an EBITDA margin of 45%, reflecting strong operational efficiency[11] - Ormat expects revenue growth of 10-12% for the next fiscal year, driven by new project developments[16] - The company reported a debt service coverage ratio (DSCR) of 3.5, indicating strong financial health[11] - The company reported a significant increase in revenue, achieving $X million, representing a Y% growth compared to the previous year[16] - The company provided guidance for the next fiscal year, projecting revenues between $B million and $C million, reflecting a growth rate of D%[16] Market Expansion - Ormat plans to expand its market presence in Latin America, targeting a 25% increase in market share by 2025[11] - New product launches are expected to contribute an additional $E million in revenue, with anticipated market expansion in regions such as F[16] - Market expansion efforts include potential acquisitions in emerging markets, which could increase market share by H%[18] Investments and R&D - The company is investing $150 million in R&D for enhanced geothermal systems and battery energy storage technologies[11] - The company is investing in advanced technologies, including BESS, which may enhance operational efficiency and reduce costs by G%[18] Operational Risks - The company's financial performance is influenced by the successful operation of geothermal, REG, and solar PV power plants, as well as energy storage facilities, which face various operational risks[7] - The exploration and development of geothermal energy resources are subject to geological risks, potentially leading to insufficient growth prospects and increased costs[7] - The company faces operational risks related to geological uncertainties in geothermal energy resources, which could impact growth prospects[18] - The company relies on power transmission facilities that it does not own or control, which could affect operational efficiency[20] Strategic Challenges - The company may face challenges in implementing its multi-year strategic plan, which aims to enhance shareholder value[7] - Future growth is contingent on the successful enhancement of existing facilities and the ability to complete and integrate acquisitions effectively[20] - The company faces intense competition from various sectors, which may impact its ability to secure new contracts and maintain market position[20] Regulatory and Financial Risks - Regulatory changes and compliance costs related to environmental laws may result in liabilities and operational delays[20] - Regulatory changes may affect the company's ability to monetize government incentives, potentially impacting financial performance[20] - The company has incurred substantial debt, which may limit financial flexibility and increase borrowing costs in the future[20] - The company is exposed to heightened financial risks due to customer concentration and specific regional projects[7] - International operations are subject to risks from foreign laws and regulations, particularly in emerging economies like Israel, which may impact operational capabilities[7] - Investments in Battery Energy Storage Systems (BESS) involve new technologies with limited historical reliability, which may affect profitability due to factors like increased storage costs and market price volatility[7]

Core Viewpoint - Aura Minerals Inc. has declared a dividend of US$0.25 per common share, totaling approximately US$18.3 million, reflecting the company's strong financial performance in Q4 2024 and commitment to shareholder value [1][4]. Dividend Announcement - The dividend will be paid in US dollars on March 14, 2025, to shareholders of record as of March 6, 2025 [2]. - Holders of Brazilian Depositary Receipts (BDRs) will receive US$0.0833 per BDR, with payments expected around March 28, 2025 [3][8]. Financial Performance - The dividend payment exceeds the minimum outlined in the company's Dividend Policy, which stipulates that quarterly cash dividends will be 20% of reported Adjusted EBITDA minus sustaining and exploration capital expenditures [1][4]. - Aura has maintained strong cash flows and regular dividend distributions since its re-IPO in 2020, achieving combined dividend and share buyback yields of 13.5% in 2021, 6% in 2022 and 2023, and 9.2% for the last 12 months [4]. Company Overview - Aura Minerals is a mid-tier gold and copper production company with four operating mines in the Americas and several development projects, including Cerro Blanco in Guatemala and Borborema in Brazil [6]. - The company holds over 630,000 hectares of mineral rights, indicating significant exploration potential [6].

Core Insights - Aura Minerals Inc. reported a significant increase in EBITDA, reaching US$267 million in 2024, driven by high gold prices and effective cost management [2][3] - The company achieved a total production of 267,232 gold equivalent ounces (GEO) in 2024, marking an 18% increase at constant metal prices compared to the previous year [3][4] - The company maintained a strong safety record with only one non-severe lost-time incident in two years, emphasizing its commitment to safety [3][13] Financial Performance - Net revenue for Q4 2024 was US$171,517 thousand, a 38% increase compared to Q4 2023, while total revenue for 2024 reached US$594,163 thousand, up 43% from 2023 [4][5] - Adjusted EBITDA for Q4 2024 was US$79,319 thousand, more than doubling compared to Q4 2023, and for the full year, it reached US$266,768 thousand, a 99% increase from 2023 [4][5] - The average all-in sustaining cost (AISC) for 2024 was US$1,320 per GEO, a slight decrease from US$1,325 in 2023, reflecting the company's focus on cost control [4][5] Production Highlights - Total production in Q4 2024 was 66,473 GEO, slightly below Q3 2024, while the full-year production of 267,232 GEO exceeded guidance [4][5] - The Almas operation produced 54,129 GEO in 2024, exceeding its guidance range, while the Apoena operation faced challenges, producing 37,173 GEO, below its guidance [5][14] - The company invested US$159 million in growth initiatives in 2024, supporting future production increases [3][12] Strategic Initiatives - Aura completed the acquisition of Bluestone Resources, adding a high-grade gold deposit with approximately 2.4 million ounces of gold to its portfolio [11] - The Borborema Project is on track for completion in Q1 2025, with significant construction milestones achieved [10] - The company announced share buyback programs, repurchasing over 1 million shares, reflecting its commitment to returning value to shareholders [7] Guidance and Future Outlook - For 2025, the company expects production to range between 266,000 and 300,000 GEO, representing an increase from 2024 [23][21] - AISC for 2025 is projected to be between US$1,374 and US$1,492 per GEO, with cash costs expected to rise due to lower ore grades and mine sequencing [27][28] - The company anticipates commercial production at Borborema in the second half of 2025, contributing to overall production growth [25][28]

Group 1 - Ormat Technologies reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and showing an increase from $0.67 per share a year ago, resulting in an earnings surprise of 53.19% [1] - The company posted revenues of $230.74 million for the quarter ended December 2024, which was 1.27% below the Zacks Consensus Estimate and a decrease from $241.34 million in the previous year [2] - Over the last four quarters, Ormat Technologies has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Ormat Technologies shares have gained approximately 1.2% since the beginning of the year, compared to a 1.3% gain in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $234.83 million, and for the current fiscal year, it is $2.18 on revenues of $953.23 million [7] Group 3 - The Zacks Industry Rank indicates that the Alternative Energy - Other sector is in the top 32% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Ormat Technologies is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]

Exhibit 99.1 Ormat Technologies Contact: Smadar Lavi VP Head of IR and ESG Planning & Reporting 775-356-9029 (ext. 65726) slavi@ormat.com Investor Relations Agency Contact: Joseph Caminiti or Josh Carroll Alpha IR Group 312-445-2870 ORA@alpha-ir.com ORMAT TECHNOLOGIES REPORTS FOURTH QUARTER AND YEAR-END 2024 FINANCIAL RESULTS STRATEGIC PORTFOLIO EXPANSION SUPPORTS CONTINUED REVENUE AND ADJUSTED EBITDA GROWTH RENO, Nev. February 26, 2025, Ormat Technologies, Inc. (NYSE: ORA) (the "Company" or "Ormat"), a lea ...