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Thursday, August 2, 2012

USA, Nevada:

Ormat Technologies Reports 2012 Second Quarter Results (Marketwire - News Release)


Ormat Technologies, Inc. have announced financial results for the second quarter of 2012.

Quarterly highlights and recent developments:
  • Total revenues increased 24 percent to $129.8 million
  • Cash flow from operations totals $30.2 million
  • Operating income increased 34 percent to $26.0 million
  • EBITDA of $50.8 million
  • Robust product backlog of $242 million as of August 1, 2012
  • 30 MWe McGinness Hills power plant in Nevada is operating at full power
  • Received $72.2 million cash grant for three projects
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