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Ormat Technologies (ORA)
:ORA
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.6Last Year’s EPS
0.64Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 6.79%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and strategic growth initiatives, supported by key acquisitions and favorable PPA agreements. However, challenges such as revenue decline in Q4, ongoing curtailments, and project delays pose risks to future performance.Company Guidance
The guidance provided during Ormat Technologies' earnings call for the fiscal year 2025 indicates expectations of continued growth and strategic development. The company anticipates total revenues to increase by 9% year-over-year, ranging between $935 million and $975 million. The Electricity segment is projected to generate revenues between $710 million and $725 million, while the Product segment is expected to bring in between $172 million and $187 million. The Energy Storage segment is forecasted to contribute $53 million to $63 million in revenues. Adjusted EBITDA is expected to rise by approximately 5% at the midpoint, falling between $563 million and $593 million. Ormat plans to invest around $570 million in capital expenditures for 2025, focusing on expanding its electricity and storage assets. The company continues to target a total generating capacity of 2.6 to 2.8 gigawatts by 2028, driven by strategic growth in the U.S. market and increased demand for renewable energy solutions.Top-Line and Adjusted EBITDA Growth
Ormat Technologies reported a top-line improvement of 6.1% and an adjusted EBITDA growth of 14.3% for the full year 2024. The growth was supported by improvements across all three business segments.
Successful Acquisition and PPA Agreements
The acquisition of Enel assets boosted revenues and EBITDA. Additionally, Ormat secured favorable PPAs for its Boyan, Hebe 1, and Mammoth 2 power plants, demonstrating strong demand for geothermal energy.
Record Product Segment Backlog
The Product segment reached an all-time high backlog of $340 million, driven by a significant EPC contract in New Zealand and a project in Dominica.
Energy Storage Segment Milestones
Three new storage facilities were brought online, including the largest project in the portfolio, Bozident, contributing to a 56.7% revenue increase in Q4 and 30.6% for the year.
Strategic Financial Management
Ormat raised over $500 million in corporate and finance debt, received significant tax benefits, and maintained a strong liquidity position.
2025 Guidance and Growth Expectations
Ormat provided guidance for 2025 with total revenues expected to increase by 9% and adjusted EBITDA by approximately 5% at the midpoint.
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ORA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ORA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $68.29 | $68.94 | +0.95% |
| Nov 06, 2024 | $81.80 | $82.92 | +1.37% |
| Aug 06, 2024 | $73.71 | $72.26 | -1.97% |
| May 08, 2024 | $68.16 | $68.60 | +0.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ormat Technologies (ORA) report earnings?
Ormat Technologies (ORA) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Ormat Technologies (ORA) earnings time?
Ormat Technologies (ORA) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ORA EPS forecast?
ORA EPS forecast for the fiscal quarter 2025 (Q1) is 0.6.
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