secwatch.observer — SEC 8-K summary
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Issuer:     ORMAT TECHNOLOGIES, INC. (ORA)
CIK:        0001296445
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001437749-24-015413
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ormat Q1 revenue up 21% to $224.2M, EPS $0.64; reiterates FY2024 guidance
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- Total revenue $224.2M (+21% YoY); diluted EPS $0.64 (+25.5%); net income $38.6M (+32.9%).
- Electricity segment revenue $191.3M (record quarter, +12.3%); driven by Puna, Heber, and Enel acquisition.
- Energy Storage revenue $8.1M (+65.6%); gross margin improved to 7.5% from negative.
- Adjusted EBITDA $141.2M (+14.4%); FY2024 guidance reaffirmed: rev $860-910M, Adj. EBITDA $515-545M.
- Quarterly dividend $0.12/share unchanged; payable June 5, 2024 to holders of record May 22.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1296445/000143774924015413/0001437749-24-015413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1296445/000143774924015413/ora20240508_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-015413

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