Ormat Technologies (ORA) Misses Q1 EPS by 17c

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Ormat Technologies Reports 2015 First Quarter Results

May 6, 2015 5:00 PM EDT

Company Reiterates Full-Year Revenue and Adjusted EBITDA GuidanceProduct Segment Backlog Reaches a Record $387.0 Million

RENO, Nev., May 6, 2015 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter ended March 31, 2015.

First Quarter Highlights and Recent Developments:

Electricity revenues of $90.0 million, compared to $94.8 million in the first quarter of 2014;Product Segment revenues of $30.3 million, compared to $47.6 million in the first quarter of 2014;Cash flow from operation... More