Tuesday, August 5, 2014

USA, Nevada:

Ormat Technologies Reports 2014 Second Quarter Results (Yahoo! Finance - News Release)

"We are pleased with the results for the second quarter, which reflect the continued success of our business and contributed to strong financial results in the first half of 2014," said Ormat's CEO Isaac Angel. 

"In our Electricity Segment, we continued to enhance our power plants, which will drive improvements in the segment. Even with the expected and scheduled outage of Heber 1, Electricity Segment revenues increased 4.5% compared to the prior year, and increased 19.5% for the first six months of 2014. In our Product Segment, we grew our backlog to a record $376.0 million with the addition of our $254.0 million supply contract at Sarulla."