Ormat Technologies (ORA) Tops Q3 EPS by 4c, Offers FY Guidance

Ormat Technologies (NYSE: ORA) reported Q3 EPS of $0.31, $0.04 better than the analyst estimate of $0.27. Revenue for the quarter came in at $158.9 million versus the consensus estimate of $162.47 million.

GUIDANCE:

Ormat Technologies sees FY2020 revenue of $707-717 million, versus the consensus of $715.7 million.

• Electricity segment revenues between $550 million and $555 million (including approximately $6 million of expected revenues related to the Puna power plant, assuming its reopening in the fourth quarter)
• Product segment revenues of between $142 million and $147 million
• Energy Storage and Management Services segment revenues of approximately $15 million
• Adjusted EBITDA of between $417 million and $425 million
• Adjusted EBITDA attributable to minority interest to be approximately $34 million

For earnings history and earnings-related data on Ormat Technologies (ORA) click here.

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