Ormat Technologies Reports First Quarter 2024 Financial Results
RENO, Nev., May 08, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced financial results for the first quarter ended March 31, 2024.
- Combined with the remaining projects we expect to bring online during 2024 and the potential uplift from our recent successful drilling program in Kenya, we reiterate our 2024 guidance.
- Diluted EPS for the first quarter was $0.64, an increase of 25.5% compared to the prior year period.
- The Company provides a reconciliation of Adjusted EBITDA, a non-GAAP financial measure for the three months ended March 31, 2024, and 2023.
- Ormat will host a conference call to discuss its financial results and other matters discussed in this press release on Thursday, May 9, 2024, at 10:00 a.m.