Ormat Technologies Reports First Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/21/2026
- Wall St indexes eye weekly losses; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Supermicro probe finds no senior management link to export violations
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Hertz Global amends voting agreement with CK Amarillo after lawsuit
Ormat Technologies (ORA) Reports In-Line Q1 EPS, Revenues Beat; Provides FY20 Revenues & Adj. EBITDA Guidance
May 11, 2020 6:28 AM EDTOrmat Technologies (NYSE: ORA) reported Q1 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $192.1 million versus the consensus estimate of $187 million.
Financial Highlights for the First Quarter of 2020
Total revenues of $192.1 million, down 3.5% compared to Q1 2019;Electricity segment revenues of $142.9 million, unchanged compared to Q1 2019;Electricity segment gross margin was 50.0% compared to 45.7% for Q1 2019;Product segment revenues of $47.4 million, down 9.0% compared to Q1 2019;Product segment backlog was approximately $96.5 million as of May 3, 2020;Energy Storage & Management Services segment revenues of $1.8 million... More