Ormat Technologies Shares Rise After Q1 Beat

MT Newswires Live

05-09

Ormat Technologies (ORA) shares were up 2.5% in recent trading Thursday after the company reported Q1 adjusted earnings and revenue above consensus.

The company reported Q1 adjusted earnings late Wednesday of $0.68 per diluted share, up from $0.65 a year earlier.

Analysts polled by FactSet expected $0.59.

Revenue for the quarter ended March 31 was $229.8 million, up from $224.2 million a year earlier.

Analysts surveyed by FactSet expected $227.5 million.

The company reiterated its full year 2025 revenue guidance of $935 million to $975 million. Analysts polled by FactSet expect $950.9 million.

The company also kept its quarterly dividend at $0.12 per share, payable on June 4 to shareholders of record as of May 21.

Price: 74.12, Change: +1.81, Percent Change: +2.50

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