BUZZ-Ormat Technologies rises after Q4 profit beat

Updates

Shares of renewable energy company Ormat Technologies ORA.N rise 2.9% to $70.25

Company on Wednesday reported Q4 adj. earnings of 72 cents per share vs analysts' avg. est. of 51 cents per share - data compiled by LSEG

ORA posted Q4 adj. core profit of $145.5 million, compared with $139 million a year ago

Company expects 2025 adj. core profit to be between $563 million and $593 million vs est. of $587.29 million

ORA forecast 2025 total revenue between $935 million and $975 million vs est. of $959.88 million

"Given ORA's track record of delivering toward the low end of guide and even missing, 4Q results were a positive ... data center opportunity is new (and a bullish sign), but we await clarity on potential for upside," says Jefferies analyst Julien Dumoulin-Smith

Including session's moves, stock up 5.2% YTD