Ormat Technologies reports Q4 adjusted EPS 72c, consensus 50c

Reports Q4 revenue $230.7M, consensus $235.09M. 2024 was another successful year for Ormat and our growth trajectory, highlighted by a top-line improvement of 6.1%, translating into a 3.5% increase in operating income and a 14.3% increase in adjusted EBITDA, with solid growth performance across all three of our business segments. In 2024, we added 253MW of new capacity organically and through strategic, accretive M&A, with 133MW added to our Electricity segment and 120MW to our Energy Storage business,” said Doron Blachar, Chief Executive Officer of Ormat Technologies (ORA).