Ormat Technologies Inc. Secures Strategic Land Parcels in Utah BLM Auction to Advance Future Geothermal Development
Ormat Technologies, Inc. (ORA)
Last ormat technologies, inc. earnings: 2/25 04:30 pm
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Source: GlobeNewswire
RENO, Nev., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced it has successfully secured 1,678 acres in Utah’s Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing operations and development projects in the state, further strengthening the company's commitment to advancing renewable energy solutions and meeting Utah’s increasing demand for sustainable energy. The newly leased acres should allow Ormat to develop two new power plants near our Cove Fort facility in Utah. Exploration work on the first plant (Cove Fort 2) is expected to begin in 2025 and, pending resource availability, we expect the project to achieve a Commercial Operation Date in 2027. The second plant (Cove Fort North) will be developed at a later stage. “We believe the parcels we targeted and successfully won have a high probability of success that will support our
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ORA
News
- CORRECTION -- Ormat Technologies Inc.GlobeNewswire
- Ormat Technologies Secures Land for Geothermal Projects in Utah [Yahoo! Finance]Yahoo! Finance
- Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM MarketGlobeNewswire
- Ormat Technologies Inc. Secures Strategic Land Parcels in Utah BLM Auction to Advance Future Geothermal Development [Yahoo! Finance]Yahoo! Finance
- 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
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