Originally posted at Montara Energy Ventures.
Last week Ormat reported results from the quarter: $84.1M in total revenue and $8.5M in net income. The quarter presented a good news/bad news scenario for investors. The good, electricity production is back on track after an earlier miss this year, revenue increased overall, and there are signs of life in the equipment business. The bad, despite growing revenue 13.5% YoY, net income remained flat due to decreased gross margins and increased dilution of outstanding shares.
The full earnings report is available here.