ORMAT TECHNOLOGIES, INC.

(ORA)
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Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-end 2021 Financial Results

01/26/2022 | 07:14am EDT

RENO, Nev., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading vertically integrated geothermal energy and recovered energy power company businesses, today announced that it plans to announce its fourth quarter and year-end 2021 financial results in a press release that will be issued on Wednesday, February 23, 2022, after the market closes. In conjunction with this report, the Company will host a conference call and webcast to discuss its financial results and growth expectations at 10 a.m. ET on Thursday, February 24, 2022.

To participate, please dial 1-844-200-6205, approximately 15 minutes prior to the scheduled start of the call. If you are calling from Canada please dial 1-833-950-0062 and If calling outside of the United States and Canada, please dial +1-929-526-1599. Access code for the call is 796448. Please request the “Ormat Technologies, Inc. call” when prompted by the conference call operator. The conference call will also be accompanied by a webcast live on the Investor Relations section of the Company's website.

A replay will be available one hour after the end of the conference call. To access the replay from United states, please dial 1-866-813-9403, from Canada please dial 1-226-828-7578 and from outside of the United States +44-204-525-0658. Please use the replay access code 348661. The webcast will also be archived on the Investor Relations section of the Company's website.         

ABOUT ORMAT TECHNOLOGIES

With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures, and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured, and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,200 MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1.1 GW, comprises 1,015 MW of geothermal and Solar portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe and an 83 MW energy storage portfolio that is located in the U.S.

Ormat Technologies Contact:

Smadar Lavi

VP Corporate Finance and Head of Investor Relations

775-356-9029 (ext. 65726)

slavi@ormat.com
Investor Relations Agency Contact:

Sam Cohen or Joseph Caminiti

Alpha IR Group

312-445-2870

ORA@alpha-ir.com


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Analyst Recommendations on ORMAT TECHNOLOGIES, INC.
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Financials (USD)
Sales 2022 723 M - -
Net income 2022 78,5 M - -
Net Debt 2022 1 886 M - -
P/E ratio 2022 63,1x
Yield 2022 0,56%
Capitalization 4 739 M 4 739 M -
EV / Sales 2022 9,16x
EV / Sales 2023 7,68x
Nbr of Employees 1 385
Free-Float 98,6%
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Ormat Technologies, Inc. Technical Analysis Chart | ORA | US6866881021 | MarketScreener
Technical analysis trends ORMAT TECHNOLOGIES, INC.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 84,52 $
Average target price 79,00 $
Spread / Average Target -6,53%
EPS Revisions
Managers and Directors
Doron Blachar Chief Executive Officer
Shlomi Argas President
Assaf Ginzburg Chief Financial Officer
Isaac Angel Chairman
Jessica Woelfel Compliance Officer & General Counsel