Ormat Technologies (ORA) Q2 Revenue Up 10.6% to $258.8 Million
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOrmat Technologies (NYSE:ORA) reported a 10.6% increase in Q2 revenue to $258.8 million, alongside a 6.9% rise in adjusted EBITDA to $143.9 million. The company raised its full-year revenue outlook to between $1.15 billion and $1.2 billion. A significant driver was energy storage revenue, which nearly tripled to $42.8 million, supported by strong pricing in the PJM market. The gross margin expanded 220 basis points to 26.5%, indicating improved profitability and operational efficiency.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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