Overview

* Ormat ( ORA ) Q2 revenue rises 9.9%, beating analyst expectations, per LSEG data

* Net income for Q2 grows 26.1%, driven by Product and Energy Storage segments

* Co secures $300 mln funding for future development, completes 20MW acquisition

Outlook

* Ormat ( ORA ) sees 2025 total revenues between $935 mln and $975 mln

* Company expects electricity segment revenues of $710 mln to $725 mln

* Ormat ( ORA ) projects adjusted EBITDA between $563 mln and $593 mln

* Company anticipates strong growth driven by favorable regulatory developments

Result Drivers

* PRODUCT SEGMENT - Revenue increased 57.6% due to better margin contracts and timing of revenue recognition

* ENERGY STORAGE - Revenue rose 62.7% driven by new assets and strong merchant pricing in the PJM market

* ELECTRICITY SEGMENT - Revenue decreased 3.8% due to planned well-field work and energy curtailments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $234.02 $223.20

Revenue mln mln (9

Analysts

)

Q2 Beat $0.48 $0.38

Adjusted (10

EPS Analysts

)

Q2 Miss $134.60 $135.60

Adjusted mln mln (9

EBITDA Analysts

)

Q2 Gross 24.3%

Margin

Q2 $35.30

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electric utilities peer group is "buy"

* Wall Street's median 12-month price target for Ormat Technologies Inc ( ORA ) is $95.00, about 10.3% above its August 5 closing price of $85.23

* The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)