• Reported GAAP EPS of $0.72 up 7.46% YoY • Reported revenue of $403.91M up 75.80% YoY • Ormat Technologies reiterates its 2026 full-year guidance, expecting total revenues between $1.11B and $1.16B. Adjusted EBITDA is projected to be between $615M and $645M for Ormat.
Bullish
Ormat Technologies achieved record revenues and operating income, driven by strong Energy Storage and Product segment growth. Ormat also advanced its EGS strategy and secured new Power Purchase Agreements.
Bearish
Ormat faced a net income offset by $38M in one-time pre-tax expenses and experienced only 0.8% Electricity segment revenue growth, partly due to high ambient temperatures in Nevada.