Ormat Technologies: Strong Market Position in the Geothermal and Recovery Energy Sector Enables 76% Revenue Increase in Q1!

Ormat Technologies (ORA) reported an extraordinarily successful business result in the first quarter, significantly exceeding market expectations. As the company announced in its Q1 report on May 6, total revenue rose by an impressive 75.8% compared to the same period last year, reaching 403.91 million USD. Here, diversification and operational efficiency have paid off. Particularly remarkable was the adjusted earnings per share, which climbed by 91.2% to 1.30 USD. The management emphasized the exceptional strength of the diversified portfolio,...