secwatch.observer — SEC 8-K summary
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Issuer:     ORMAT TECHNOLOGIES, INC. (ORA)
CIK:        0001296445
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001437749-22-010620
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ormat Q1 revenue up 10.4% to $183.7M; net income up 20.8%; adjusted EBITDA $107.9M
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- Revenue $183.7M (+10.4% YoY); Electricity segment $162.5M (+12.1%); Product $14.6M (+69.2%); Energy Storage $6.6M (-48.5%).
- Net income attributable to stockholders $18.4M (+20.8%); diluted EPS $0.33 vs $0.27; adjusted EBITDA $107.9M (+8.7%).
- 2022 guidance: total revenue $710-735M; adjusted EBITDA $430-450M; Heber 1 fire reduces electricity guidance by $15M.
- Tungsten Mountain 2 began commercial operation (13MW); signed 15-year PPA with Peninsula Clean Energy for 26MW from Heber 2.
- Quarterly dividend of $0.12/share declared, payable May 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1296445/000143774922010620/0001437749-22-010620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1296445/000143774922010620/ora20220503_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-010620

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer