secwatch.observer — SEC 8-K summary
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Issuer:     ORMAT TECHNOLOGIES, INC. (ORA)
CIK:        0001296445
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001437749-21-018710
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ormat Q2 EPS $0.23, revenue $146.9M; raises 2021 revenue guidance; acquires two Nevada geothermal plants for $171M cash
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- Net income $13.0M ($0.23 diluted EPS) vs $23.0M ($0.45) in Q2 2020; Adjusted EBITDA $84.5M vs $97.9M.
- Electricity segment revenue $133.9M (+4% YoY); Product $7.4M (-83%); Energy Storage $5.6M (+124%).
- Acquired TG Geothermal Portfolio for $171M cash plus assumed debt ~$206M, adding 56MW Dixie Valley and 11.5MW Beowawe.
- Raises 2021 total revenue guidance to $650-685M; Adjusted EBITDA guidance $400-410M.
- Product backlog grew 59% to $59.1M; signed 15-year PPA with Clean Power Alliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1296445/000143774921018710/0001437749-21-018710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1296445/000143774921018710/ora20210805_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-018710

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