Ormat reported revenues of $70.7M for Q4, up 6% from the prior year. More impressively, earnings doubled from $4.2M to $8.9M from the prior year. Details of operational performance are expected to be released at their earnings call scheduled for later today. The 2008 outlook was a bit short of the street’s expectations, so expect the share price to take a hit today. Ormat’s stock closed at $43.82/share yesterday.

This entry was posted on Wednesday, February 27th, 2008 at 3:53 am and is filed under Business, Geothermal.