Ormat Technologies (ORA) Misses Q4 EPS by 28c

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Ormat Technologies Reports Fourth Quarter and Full Year 2019 Financial Results; Announces Transition of Senior Management

February 25, 2020 4:30 PM EST

RENO, Nev. , Feb. 25, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (the Company, we, Ormat or us) (NYSE: ORA) today announced financial results for the fourth quarter and full year ended December 31, 2019 and a transition of its senior management.

MANAGEMENT TRANSITIONS

Mr. Angel has decided to retire from his position as Chief Executive Officer, effective July 1, 2020, after six years of successful service to the Company, its employees and its shareholders.  It is intended that Mr. Angel will become a member of Ormats Board of Directors before his retirement... More