Tag Archives: ormat

Ormat (ORA) To Build Raser Technologies (RZ) Lightning Dock Geothermal Project

Raser Technologies (RZ) technologies has announced this morning that Ormat (ORA) will provide engineering, procurement and construction services for its Lightning Dock geothermal project in New Mexico.  Ormat will also provide the equipment which includes two larget Ormat binary generators and all above ground equipment.

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“We are excited to work with a veteran in the geothermal business,” said Project Manager Mike Hayter. “Ormat is … Read the rest

Today’s Analyst Roundup: WFR, FSYS, ORA, ERII, JASO, TSL, ABB, ELON, RBCN

Another wild day and I’m busy watching the market and getting behind on green stocks updates!  Lots of analyst rating changes today..

Wunderlich Securities upgraded MEMC Electronic Materials (WFR) from Hold to Buy.  Shares of WFR of doing a decent job of holding all time lows despite being hammered after earnings and during yesterday’s market crash.  Get a Free WFR trend analysis here.


Craig-Hallum downgrades Fuel Systems Solutions (FSYS) Buy to Accumulate and slashed … Read the rest

Ormat (ORA) Acquires Geothermal Development In Nevada

Ormat has just announced that its wholly-owned subsidiary, Ormat Nevada Inc, has acquired HSS II LLC. Financial details were not disclosed, but the purchase includes the Hot Sulphur Springs Geothermal Project in NE Nevada. The project is almost fully developed and has a successful well. Nevada Power Company has signed a 20 year power purchase agreement to buy the power that the Hot Sulphur Springs Geothermal Project produces once it is complete.

In a , … Read the rest

2010 Alternative Energy Forecast

By Jeff Siegel of GreenChipStocks.com
Get  your Free Cleantech Report Today!

In the 1973 movie Papillon (adapted from the 1969 French novel by Henri Charriere), there’s a scene where Papillon is considering jumping off a cliff to escape the island on which he is being imprisoned. His friend Dega says, “It seems so desperate. You think it will work?”

And Papillon replies, “Does it matter?”

Papillon had two options: Stay on the island and … Read the rest

Geothermal Leader Ormat (ORA) Posts Another Strong Quarter, But Sees Growth Moderating Next Year

Ormat Technologies (ORA) posted another strong quarter as earnings increased 48% over the year ago quarter on revenues that increased 20%.  The company reported an EPS of .52/share which smashed analyst estimates of .37/share.  Revenues also beat analyst estimates coming in at $119.8 million vs Wall St estimates of $99.4 million.

Nearly all the growth over the past year has come in the company’s Product Segment due to a record backlog at the beginning of … Read the rest

Ormat (ORA) Begins Solar Joint Venture With Sunday Energy

Ormat just announced that its Israeli subsidiary has started a new joint venture with Israeli energy company Sunday Energy. Under the agreement, the two companies will work together to develop, construct and operate 36MW of Israeli solar PV systems.

The project is expected to cost $195 million in capital, financed by 80% Non-Recourse project finance debt. However, once the solar systems are completed,a long-term purchase agreement with Israel Electric Corporation Ltd is already lined up, … Read the rest

Ormat (ORA) Beats Estimates, Guides Inline

Ormat (ORA), the geothermal gorilla, continues to post very strong quarters despite a tough economy.  The company beat both EPS and revenues estimates with about 20% quarter over quarter growth on both.  EPS came in at .35/share vs the estimate of .28/share on revenues of $100 million vs the estimate of $92.5 million.  115% revenue growth in the Product Segment drove the quarter’s positive results while the Electricity Segment saw a small decline in revenue … Read the rest

Upgrades/Downgrades: STP to Sell, TRN & JASO to Buy; ORA Upgraded to Accumulate

Hat tip to StreetInsider.com for the following upgrade/downgrade notes:

Hapoalim downgrades Suntech Power (STP) to Sell with a $9 price target, citing escalating solar module price war.
The firm said, “Evidenced by Ersol’s recent decision to adjust the mid-point of its CY09 EBIT guidance to “negative” vs. +12% before (due to a “sig. drop in prices of solar modules”), we believe “Tier 1” module vendors are beginning to react to price aggression by Chinese solar … Read the rest

Obama At Nellis Touts Solar, Geothermal (Video)

Prez Obama spoke at Nellis Air Force base today discussing the importance of renewable energy and announcing funding efforts for solar and geothermal.  Nellis Air Force base is home to the largest solar installation in the Western hemisphere and provides 25% of the electricity for the 12000 who live and work at the base, saving the military about $1 million a year.

Here are some highlights of the speech..

“America produces less than 3 percent … Read the rest

Ormat (ORA) Opportunity: Indonesia’s Geothermal Boom

By Sam Hopkins of GreenChipStocks.com
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It’s a geological bonanza for clean energy investors, yet no one’s talking about it.

With its population spread out over more than 17,000 islands, many Indonesians live in cities, yet some are in areas so remote that electricity access is almost zero.
Indonesia is also the only OPEC member in Southeast Asia, but in recent years it’s actually become a net importer of … Read the rest