Ormat Technologies Inc. Announces Major Hybrid Tax Equity Partnership

RENO, Nev., May 27, 2025 — Ormat Technologies, Inc. (NYSE: ORA), a leader in geothermal and renewable energy, has announced a significant $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. This partnership is set to fund two key energy storage projects: the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage combined with a 42MW solar project. These projects are anticipated to achieve Commercial Operation Date (COD) by the end of 2025.

This innovative financing structure marks the first of its kind for Ormat’s Energy Storage portfolio. The partnership is designed to optimize the economic viability of the projects and enhance the company’s profitability. This strategic move is expected to support Ormat’s long-term growth objectives while advancing its commitment to renewable energy solutions.

SWOT Analysis Highlights Growth Challenges for Ormat Technologies

In a recent SWOT analysis, Ormat Technologies, a market leader in geothermal energy, faces growth challenges despite its strong position. The analysis, published on May 25, 2025, by de.investing.com, underscores the need for the company to navigate these challenges to sustain its growth trajectory in the competitive renewable energy sector.

Ormat Technologies Engages in Buy-Back Activity

On May 26, 2025, Ormat Technologies announced a buy-back activity through its entity, ORORA LIMITED. The company reported a total of 901,481 ordinary fully paid shares bought back on the previous day, adding to the 52,965,413 shares acquired before that. This buy-back initiative is part of Ormat’s strategy to manage its share capital and potentially enhance shareholder value.

Financial Highlights from Other Companies

While Ormat Technologies focuses on its renewable energy projects, other companies have also reported notable financial results. Hesai Group, for instance, reported a 46.3% year-over-year increase in net revenues for the first quarter of 2025, with a significant improvement in gross margin and a reduction in net loss. Additionally, several companies, including Montage Gold Corp. and Aduro Clean Technology, have reached new 52-week highs, reflecting positive market sentiment.

Ormat Technologies continues to play a pivotal role in the renewable energy sector, leveraging strategic partnerships and financial maneuvers to bolster its market position and drive sustainable growth.