Ormat Technologies rises after Q4 profit beat
27/02/2025 15:55
Updates ** Shares of renewable energy company Ormat Technologies ORA.N rise 2.9% to $70.25 ** Company on Wednesday reported Q4 adj. earnings of 72 cents per share vs analysts' avg. est. of 51 cents per share - data compiled by LSEG ** ORA posted Q4 adj. core profit of $145.5 million, compared with $139 million a year ago ** Company expects 2025 adj. core profit to be between $563 million and $593 million vs est. of $587.29 million ** ORA forecast 2025 total revenue between $935 million and $975 million vs est. of $959.88 million ** "Given ORA's track record of delivering toward the low end of guide and even missing, 4Q results were a positive ... data center opportunity is new (and a bullish sign), but we await clarity on potential for upside," says Jefferies analyst Julien Dumoulin-Smith ** Including session's moves, stock up 5.2% YTD (Reporting by Pooja Menon in Bengaluru) ((Pooja.Menon@thomsonreuters.com;))