Ormat Technologies (ORA) Prices 4.15M Share Common Offering at $74/Sh

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Ormat Announces Pricing of Public Offering of Common Stock

November 18, 2020 7:35 PM EST

RENO, Nev., Nov. 18, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (Ormat or the Company), a leading vertically integrated company that is primarily engaged in the geothermal and recovered energy generation (REG) businesses, as well the solar photovoltaic (PV) and energy storage and management services business, today announced that it has priced its underwritten public offering of 4,150,000 shares of its common stock at a price of $74.00 per share. The offering is expected to close on November 23, 2020, subject to market and other conditions.

Ormat intends to use the net proceeds from the... More