Tag: ORA

Power production from wind and solar

List of Power Production Stocks

Alternative energy power production stocks are companies whose main business is the production and sale of electricity from alternative energy installations, such as solar farms, wind farms, hydroelectric generators, geothermal plants, cogeneration facilities, and nuclear plants. 7C Solarparken AG (HRPK.DE) Acciona, S.A. (ANA.MC, ACXIF) Atlantica Yield plc (AY) Algonquin Power & Utilities Corp. (AQN, AQN.TO) Avangrid, Inc. (AGR) Bluefield Solar Income Fund Ltd. (BSIF.L) Boralex (BLX.TO, BRLXF) Brookfield Renewable Partners L.P. (BEP) Capital Stage AG (CAP.DE) Edisun Power Europe AG (ESUN.SW) Elecnor, S.A. (ENO.MI) Foresight Solar Fund plc (FSFL.L) Global X YieldCo ETF (YLCO) Greencoat UK Wind PLC (UKW.L) Innergex Renewable Energy Inc. (INE.TO,INGXF) John Laing Environmental Assets Group Limited (JLEN.L) Juhl Energy, Inc. (JUHL) NextEra Energy Partners,...
geothermal eruptions

Blindsided with Advance Warning

Holders of Ormat Technologies (ORA:  NYSE) shares may feel somewhat blindsided by the cessation of operations at the Puna geothermal power plant on the Hawaii Island.  Lava flowing from neighboring Kilauea volcano has overrun two of the geothermal wells as well as a warehouse and an electricity substation. Shareholders cannot claim they were not forewarned.  Ormat’s annual report for 2017 mentions the risk of volcanic eruptions seventeen times.  However, since no geothermal power company has ever experienced an interruption in operations due to a volcanic eruption, investors most likely overlooked the real dangers of locating a business on top of geological ‘hot spot.’ https://upload.wikimedia.org/wikipedia/commons/3/3a/Hawaii_Mount_Kilauea%27s_eruption_opens_new_lava_vent.webm Ormat is not the...
Puna Geothermal Venture

Geothermal Power: Business in a Tough Neighborhood

Geothermal power producers use Earth’s internal heat to power electrical generators.  It is the quintessential renewable energy source.  Most geothermal plants are located adjacent to underground pockets of super hot water.  Developers look for locations where these thermal reservoirs are near the earth’s surface, providing availability of the super hot water at a reasonable cost.  Unfortunately, those locations are often in tough neighborhoods. Ring of Fire The overwhelming majority (85%) of current geothermal power installations in the world are located along the Ring of Fire that circumvents the Pacific Ocean.  More a horseshoe than a circle, the Ring of Fire is a geographic anomaly that is...
geothermal - geyser

List of Geothermal Stocks

Geothermal stocks are publicly traded companies whose business involves using the earth's heat energy for productive use, such as generating electricity and space and process heat. Calpine Corp. (CPN) Climeon AB (CLIME-B.ST) Enel SpA (ENEL.MI, ESOCF) Energy Development Corporation (EGDCY) LSB Industries (LXU) Ormat (ORA) Ormat Industries (ORMT.TA) Polaris Infrastructure Inc. (PIF.TO, RAMPF) If you know of any geothermal stock that is not listed here and should be, please let us know by leaving a comment. Also for stocks in the list that you think should be removed.

Geothermal Tie-up

Ormat Technologies (ORA:  NYSE) is buying U.S. Geothermal (HTM:  NYSE) for $5.45 per share in cash.   The offer represents a 29% premium to the HTM closing price the day prior to the announcement.  The shares had been in a steady decline over the past several months, hitting a 52-week low of $3.11 earlier in January 2018.  So while the offer price pales in comparison to the U.S. Geothermal’s all-time high stock price of $28.68 way back in October 2007, shareholders may be feeling a warm breeze coming off Ormat’s cash. Should Ormat shareholders be as thrilled as the company ponies up $110 million...

Ormat Eyeing Storage M&A for Geothermal Projects

Jennifer Delony Reno, Nev.-based Ormat Technologies (ORA) is seeking mergers and acquisitions that will help the company enhance its geothermal projects with energy storage technologies, Ormat CEO Isaac Angel said on Nov. 4. “On the storage solutions side, we are progressing well,” Angle said during a 3Q15 earnings webcast. “I’m very optimistic that we will be able to add a lot of MW … and profitability to our existing power plants.” Angle said that he also is optimistic that the company will secure a deal soon that will initiate Ormat’s energy storage strategy. “We’re almost there,” he said....

Kadant: Will Investors Clean Up With This Bargain Green Stock?

Everybody likes a bargain.  Investors really like a good cheap buy.  A review of our four alternative energy industries revealed three stocks trading below industry average multiples of forecasted earnings. This is the second article in the series, thee first looked at Ormat (ORA:NYSE).    A couple of weeks ago shares of Kadant, Inc. (KAI:  NYSE) registered an particularly bullish formation  -  at least from a technical standpoint.  A ‘triple top breakout’ was formed in a point and figure chart, suggesting demand for the stock outpaces supply.  Given the new momentum that has developed, the stock could reach...

Ormat: A Bargain Green Stock?

by Debra Fiakas CFA Everybody likes a bargain.  Investors really like a good cheap buy.  A review of our four alternative energy industries revealed several stocks trading below industry average multiples of forecasted earnings.   Tracking the geothermal power generators has frequently taken us to the door of Ormat Technologies, Inc. (ORA:  NYSE).  Ormat has two revenue segments:  power generation through geothermal generators and energy recovery and equipment sales to utility and industrial customers installing geothermal power plants.  The company owns and operates plants with 626 megawatts generating power and has supplied equipment around the world for another...

Ormat: Cash Generation Justifies Earnings Multiple

Ormat Heat exchanger at GKW Landau. Geothermal water evaporates the carrier medium. Preheater and the evaporator. The steam line above connects to the turbine. Photo by Claus Ableiter via Wikimedia Commons by Debra Fiakas CFA Shares of geothermal power producer Ormat Technologies (ORA:  NYSE) are trading at 29.2 times the 2014 consensus estimate of $0.93 per share.  That multiple looks fair compared to growth expected at Ormat in the next year, but more dear against the company’s long-term growth prospects.  The stock has been flying off...

Is Ormat Technologies Misunderstood?

by Debra Fiakas CFA Olkaria III Geothermal Power Plant, Kenya Shares of geothermal power developer and utility Ormat Technologies (ORA:  NYSE) are trading at 24.7 times the consensus estimate for 2013.  That seems pricey on the surface, but the stock is down from a 52-week high of $22.24.  The stock gaps up and down with regularity, suggesting ORA is a battle ground for bulls and bears.  The fact that the 50-day moving average price continues to descend toward the longer-term 200-day average, hints that maybe the bears are...

Ormat Technologies: Shame About the Price

Tom Konrad CFA Ormat Heat exchanger at GKW Landau. Geothermal water evaporates the carrier medium. Preheater and the evaporator. The steam line above connects to the turbine. Photo by Claus Ableiter via Wikimedia Commons Last Wednesday, Ormat Technologies (NYSE:ORA) reported a great quarter, beating analyst expectations for both earnings and revenues. Investors loved it: ORA was up 8% on the day to $20.69, and are up 14% at $21.85 as I write. I’m a big fan of geothermal power, and would love to own Ormat at the right...