Latest Ormat Technologies News & Updates

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Ormat Technologies (Ormat)

Geothermal, recovered energy, and energy storage company

ormat.com

Headquarters: Reno, United States
Founded year: 1965
Company type: Public company
Number of employees: 1,300–5,000
Industry: Renewable Energy Equipment & Services

Last updated Today

Latest news about Ormat Technologies (Ormat)

In short: Ormat Technologies reported record revenue growth, finalized a $1 billion notes offering, and advanced next-generation geothermal energy.

Company announcements

June 24 Ormat

Ormat advances Pearl Geothermal Development Project

The Bureau of Land Management authorized the project in Esmeralda County, Nevada, after two years of studies.

June 8 Ormat

Ormat introduces Ormega100 unit and accelerates EGS deployments

The Ormega100 is the largest binary unit, delivering 100 MW, and Ormat is advancing two EGS pilot programs.

May 6 Ormat

Ormat Technologies reports Q1 2026 financial results

Revenues grew 75.8% to $403.9 million with record adjusted EBITDA of $194.9 million. Company advanced EGS strategy, closed $1B notes, secured PPAs, and reiterates full-year guidance.

May 1 Ormat

Ormat Technologies begins commercial operation of 80MW/320MWh energy storage facility

Located in Bottleneck, California, it provides energy, capacity, and ancillary services to San Diego Gas & Electric under a 15-year Tolling Agreement signed in 2022.

Media coverage

Today Finanzen.ch

Outlook: Ormat Technologies with figures for the past quarter

Ormat Technologies will present the balance sheet for the quarter ending June 30, 2026, on August 5, 2026. On average, 10 analysts expect a...

July 7 MSN

Ormat upgraded at Piper Sandler on AI-driven geothermal demand

Ormat Technologies (NYSE:ORA) on Wednesday was upgraded to Overweight from a previous investment rating of Neutral by analysts at financial-services firm Piper Sandler. They cited...

July 4 MSN

Ormat Technologies Q4 Earnings Beat Estimates, Revenues Down Y/Y

Shares of Ormat Technologies Inc. ORA rose 1% to $68.94 on Feb. 27, 2025, following the company’s fourth-quarter 2024 results ...

June 17 Yahoo Finance

Ormat Technologies Shares Slide After Bernstein Starts Coverage With Underperform Rating

Ormat Technologies (NYSE:ORA) moved lower in premarket trading on Wednesday after Bernstein SocGen Group initiated coverage of the geothermal energy company with an Underperform recommendation...

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