Ormat completes Blue Mountain Nevada geothermal plant acquisition [Yahoo! Finance]
Ormat Technologies, Inc. (ORA)
Last ormat technologies, inc. earnings: 2/25 04:30 pm
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Source: Yahoo! Finance
The $88m deal transfers 100% equity interest in the 20MW facility, which was originally constructed with Ormat's technology. Located in the US state of Nevada, the Blue Mountain facility is currently engaged in a power purchase agreement (PPA) with NV Energy that will terminate in late 2029. In alignment with its strategic expansion plans, Ormat aims to upgrade and expand the existing geothermal plant by an estimated 3.5MW. Further enhancing its renewable energy footprint, Ormat has proposed adding a new 13MW solar installation to supply auxiliary power to the Blue Mountain site. The addition requires permits and PPA approval. Ormat Technologies CEO Doron Blachar stated: “The acquisition of the Blue Mountain geothermal power plant enhances our portfolio and reinforces our commitment to sustainable base-load energy solutions. “This acquisition not only immediately increases our generating capacity but also provides the potential for a significant upside in revenue generati
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ORA
News
- Ormat Technologies (NYSE:ORA) had its "overweight" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Ormat Technologies (NYSE:ORA) had its price target raised by analysts at TD Cowen from $100.00 to $115.00. They now have a "hold" rating on the stock.MarketBeat
- Ormat Technologies (NYSE:ORA) had its "buy" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- Ormat Technologies (ORA): Is the Recent 58% Share Price Jump Justified by Its Valuation? [Yahoo! Finance]Yahoo! Finance
- Ormat Technologies (ORA) Earns Outperform Rating After Beating Q3 Estimates and Boosting Growth Outlook [Yahoo! Finance]Yahoo! Finance
ORA
Earnings
- 11/3/25 - Beat
ORA
Sec Filings
- 11/10/25 - Form 4
- 11/10/25 - Form 4
- 11/10/25 - Form 4
- ORA's page on the SEC website