Ormat Technologies (ORA) Misses Q2 EPS by 12c, Revenues Beat; Boosts FY18 Revenue, Adj. EBIDTA Outlooks
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Ormat Technologies Reports Second Quarter 2018 Financial Results
August 7, 2018 5:00 PM EDT
TOTAL REVENUE OF $178.3 MILLION ELECTRICITY REVENUE UP 10.2%, DESPITE VOLCANO-RELATED OUTAGE AT PUNA PLANT
RENO, Nev., Aug. 07, 2018 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter ended June 30, 2018. The financial results were impacted by two main events. First, the shutdown of the Puna Power Plant in Hawaii (the Puna Plant) on May 3, 2018 following the nearby Kilauea volcano eruption and second, the consolidation of U.S. Geothermal Inc. (USG), following the close of its acquisition on April 24, 2018.
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