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Stock Market & Financial Investment News

News Breaks
April 29, 2013
08:04 EDTORAOrmat Technologies signs power purchase agreement in Nevada
Ormat Technologies's wholly owned subsidiary entered into a 20-year Power Purchase Agreement with Southern California Public Power Authority to deliver electricity from its Wild Rose geothermal power plant in Mineral County, Nevada. When Wild Rose comes online at the end of 2013, it will mark the first time renewable energy will be delivered from Nevada to California using NV Energy's One Nevada Transmission Line.
News For ORA From The Last 14 Days
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February 25, 2015
09:47 EDTORAOrmat Technologies sees FY15 revenue $560M-$580M, consensus $575.33M
Sees FY15 capital expenditures of $249M and debt repayment of $92M, for total FY15 capital needs of $341M. Says projects company anticipates working on in 2015 may add between 90-115 MW in the years 2016 to 2017. Guidance from slides for Q4 earnings conference call.
February 24, 2015
19:36 EDTORAOrmat Technologies sees FY15 adjusted EBITDA of $280M-$290M
Ormat CEO Isaac Angel said, "We expect our 2015 electricity revenues to be between $380.0M-$390.0M and our product segment revenues to be between $180.0M-$190.0M. In addition, as we continue to make operational progress and monetize our assets, we felt it was an appropriate time to transition to a more traditional, operational-focused methodology for calculating adjusted EBITDA. For 2015, we expect to generate adjusted EBITDA of $280.0M-$290.0M."
19:34 EDTORAOrmat Technologies reports Q4 ex-items EPS 31c, consensus 38c
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