secwatch.observer — SEC 8-K summary
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Issuer:     ORMAT TECHNOLOGIES, INC. (ORA)
CIK:        0001296445
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001437749-23-004344
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ormat reports FY2022 revenue up 10.7% to $734.1M; guides 2023 adjusted EBITDA up to 17%
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- FY2022 total revenue $734.1M (+10.7% YoY); GAAP diluted EPS $1.17 (+6.4%); adjusted diluted EPS $1.63 (+17.1%).
- Q4 adjusted EBITDA $124.7M (+7.5% YoY); full-year adjusted EBITDA $435.5M (+8.5%).
- 2023 guidance: revenue $823M-$858M; adjusted EBITDA $480M-$510M (up to 17% YoY).
- Expects ~$150M cash benefit from Inflation Reduction Act in 2023; quarterly dividend $0.12/share maintained.
- Recorded $30.5M non-cash impairment on Brawley plant; Heber 1 fire settled, repowering expected Q2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1296445/000143774923004344/0001437749-23-004344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1296445/000143774923004344/ora20230223_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-004344

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