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Why Is Ormat Technologies (ORA) Up 1.4% Since Last Earnings Report?
ZACKS· 2025-06-06 16:37
Company Overview - Ormat Technologies (ORA) shares have increased by approximately 1.4% since the last earnings report, underperforming the S&P 500 [1] - The most recent earnings report is essential for understanding the key drivers of the company's performance [1] Earnings Estimates - Fresh estimates for Ormat Technologies have remained flat over the past month [2] VGM Scores - Ormat Technologies has a Growth Score of B, a Momentum Score of D, and a Value Score of B, placing it in the top 40% for the value investment strategy [3] - The aggregate VGM Score for the stock is B, which is relevant for investors not focused on a single strategy [3] Outlook - Ormat Technologies holds a Zacks Rank of 2 (Buy), indicating expectations for above-average returns in the coming months [4] Industry Performance - Ormat Technologies is part of the Zacks Alternative Energy - Other industry, where Clearway Energy (CWEN) has seen a gain of 5.4% over the past month [5] - Clearway Energy reported revenues of $298 million for the last quarter, reflecting a year-over-year increase of 13.3%, with an EPS of $0.03 compared to -$0.02 a year ago [5] - For the current quarter, Clearway Energy is projected to post earnings of $0.70 per share, indicating a year-over-year change of 62.8% [6]
Aura Releases 2024 Sustainability Report
Globenewswire· 2025-06-05 22:19
Core Insights - Aura Minerals Inc. released its 5th Annual Sustainability Report, highlighting progress in safety, responsibility, sustainability, and innovation across eight ESG pillars [1][3] - The report is prepared in accordance with Global Reporting Initiative (GRI) standards, ensuring transparency in financial, environmental, and social performance [1] Production and Financial Growth - In 2024, Aura increased production from 236,000 to 267,000 gold equivalent ounces, driven by operational excellence and strategic expansions [3] - The company achieved a 90% adherence to the World Gold Council's Responsible Mining Principles [3] Safety and Environmental Practices - Aura maintained an exemplary safety record with only one lost-time accident in 24 months [3] - Innovative environmental practices were implemented, such as grey water treatment at Borborema [3] Community and Economic Development - The company invested R$6.1 million in targeted economic and social development initiatives [5] - Aura sourced an average of 40% of purchases from local suppliers, stimulating regional economic growth [5] Diversity and Workplace Culture - Aura was recognized for advancing gender equity and supporting female talent at its Apoena unit [5] - The company earned a 78% favorability score in its first organizational climate survey, achieving Great Place to Work certification across all units [5]
Ormat Technologies Announces Strategic Leadership Changes
Globenewswire· 2025-06-05 17:15
Core Insights - Ormat Technologies, Inc. has appointed two new executives to enhance its management team and support growth in the renewable energy sector [1][7] - The appointments are aimed at optimizing operations and driving innovation within the company's Electricity Segment and geothermal initiatives [6] Management Appointments - Aron Willis has been appointed as Executive Vice President of the Electricity Segment, effective June 4, 2025, where he will oversee operations and ensure alignment with strategic goals [2][3] - Daniel Moelk will join as Senior Vice President of Resources, Drilling & EGS in July 2025, focusing on implementing advanced processes and technologies [4][5] Executive Backgrounds - Aron Willis brings over 25 years of experience in power generation, having held senior leadership roles at TransAlta Corporation, including managing operations with a capacity of approximately 500MW in Australia [3] - Daniel Moelk has nearly 18 years of experience in geothermal operations, previously serving as EVP of European Operations for Eavor Technologies Inc., and has a strong background in drilling management [5] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with a total generating portfolio of 1,538MW, including 1,248MW from geothermal and solar sources [8] - The company is vertically integrated, involved in the design, manufacture, and operation of geothermal and recovered energy generation (REG) power plants, with a global presence in multiple countries [8]
Total number of shares and voting rights at May 31, 2025
Globenewswire· 2025-06-03 17:15
Group 1 - The total number of shares as of January 31, 2025, is 2,660,056,599, with 3,835,000 treasury shares without voting rights [2] - The theoretical number of voting rights on April 30, 2025, is 3,177,421,164, while the number of exercisable voting rights is 3,175,879,316 [2] - The double voting right is granted to fully paid-up shares held in registered form for at least two years, effective from April 3, 2016 [1] Group 2 - The number of treasury shares without voting rights decreased from 3,835,000 on January 31, 2025, to 1,541,848 on April 30, 2025 [2] - The theoretical number of voting rights increased from 3,172,669,760 on January 31, 2025, to 3,177,421,164 on April 30, 2025 [2] - The number of voting rights exercisable also saw an increase from 3,169,834,760 on January 31, 2025, to 3,175,879,316 on April 30, 2025 [2]
Aura Minerals Agrees to Acquire the Mineração Serra Grande Gold Mine in Goiás, Brazil
Globenewswire· 2025-06-02 11:00
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].
ORA vs. GEV: Which Stock Should Value Investors Buy Now?
ZACKS· 2025-05-27 16:41
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]
Ormat Technologies Announces $62 Million Hybrid Tax Equity Partnership for Two Energy Storage Facilities
Globenewswire· 2025-05-27 12:45
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]
Orange: Crédit Coopératif has signed a memorandum of understanding with Orange regarding a possible acquisition of the fintech Anytime
Globenewswire· 2025-05-23 06:00
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]
Ormat Technologies: The Pure-Play Geothermal Company Is Having Its Moment
Seeking Alpha· 2025-05-15 16:16
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]
Orange: Orange issued €1.5 billion in the bond market, including a €750 million sustainable bond
Globenewswire· 2025-05-12 18:01
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].