Ormat Technologies reports Q3 adjusted EPS 47c, consensus 38c

Reports Q3 revenue $208.1M, consensus $209.77M. The company said, “Our third quarter results demonstrate Ormat’s strategic success in expanding the portfolio, as seen through growth in revenue, adjusted EBITDA, and net income following the multiple assets we added over the last twelve months. We delivered 18.3% growth in total revenues, 15.8% growth in adjusted EBITDA, and growth in adjusted net income attributable to the Company’s stockholders of 50.4%, versus the prior year period. We captured growth in all three of our operating segments as well, a demonstration of the sustained momentum we’ve maintained throughout the year.”