NYSE:ORARenewable Energy
Is Record Quarter, $1 Billion Notes, And Storage Push Altering The Investment Case For Ormat (ORA)?
In the past quarter, Ormat Technologies reported record first‑quarter revenue growth of 75.8% year over year, completed a US$1.00 billion upsized convertible note offering, and advanced its portfolio with the Hoku solar‑plus‑storage acquisition, a new Jersey Valley solar‑plus‑storage PPA, and next‑generation geothermal and enhanced geothermal system initiatives.
The combination of rapid Energy Storage and Product segment expansion with fresh financing capacity signals an acceleration of...