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Stock Market & Financial Investment News

News Breaks
January 28, 2013
09:53 EDTORAOrmat Technologies announce spartnership transaction of geothermal power plants
Ormat Technologies announced that Ormat Nevada Inc., a wholly-owned subsidiary, and JPM Capital Corporation entered into a tax equity partnership transaction involving eight geothermal power plants in California and Nevada. Under the transaction, Ormat Nevada transferred the plants into a new subsidiary, ORTP, LLC, and sold an interest in the limited liability company to JPM. In connection with the closing, JPM paid approximately $35.7M to Ormat Nevada and will make additional payments estimated by Ormat at approximately 25% of the value of production tax credits generated by the portfolio over time. The additional payments are expected to be made until December 31, 2016 and total approximately $8.7M.
News For ORA From The Last 14 Days
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August 4, 2015
08:49 EDTORAOrmat backs FY15 revenue view of $560M-$580M, consensus $570.19M
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August 3, 2015
17:10 EDTORAOrmat Technologies backs FY15 adj. EBITDA view $280M-$290M
17:09 EDTORAOrmat Technologies reports Q2 EPS 28c, consensus 35c
Reports Q2 revenue $140.5M, consensus $139.58M.

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