Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand [Yahoo! Finance]
Ormat Technologies, Inc. (ORA)
Last ormat technologies, inc. earnings: 2/25 04:30 pm
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Source: Yahoo! Finance
This contract, valued at $200 million, entails the development of the 101-megawatt (MW) Te Mihi Stage 2 geothermal power plant in New Zealand. Te Mihi Stage 2 will gradually replace the outdated Wairakei geothermal station and is slated to be completed by mid-2027. With the effects of climate change becoming increasingly evident, the shift to renewable energy sources like geothermal has increased in recent times to effectively reduce greenhouse gas emissions. Since geothermal plants can provide power to the grid constantly unaffected by weather or daylight, this source of energy serves as a flexible and reliable form of backup power during major electricity outages or disruptions. This is likely to have prompted Grand View Research to forecast a compound annual growth rate (CAGR) of 3.1% for the global geothermal energy market during the 2024-2030 time period. Ormat Technologies, being a forerunner in generating electricity from geothermal energy, stands to gain significantly
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ORA
News
- Ormat Technologies, Inc. (NYSE: ORA) is now covered by analysts at Piper Sandler. They set a "neutral" rating and a $78.00 price target on the stock.MarketBeat
- Ormat Announces Pricing of Public Offering of Common Stock on Behalf of Stockholder Orix CorporationGlobeNewswire
- Ormat Announces Public Offering of Common Stock on Behalf of Stockholder ORIX CorporationGlobeNewswire
- Enhanced Geothermal Systems: Unlocking Earth's Hidden Energy Potential [Forbes]Forbes
- Ormat Technologies (ORA) Down 5.8% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
ORA
Earnings
- 11/6/24 - Beat
ORA
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form SC
- 12/13/24 - Form 8-K
- ORA's page on the SEC website