ORMAT TECHNOLOGIES INC (NYSE:ORA), Down By 6.37% ($1.58) From $24.820 After BUYINS.NET Report Predicted Weakness Before Earning
April 21, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Thursday, April 21st 2011 stating that ORMAT TECHNOLOGIES INC (NYSE:ORA) was expected to be Down Before its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=ora&id=162269
At the time this story was written, ORMAT TECHNOLOGIES INC (NYSE:ORA) is Down By 6.37% ($1.58) From $24.820 since the BUYINS.NET report was released.
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ORMAT TECHNOLOGIES INC (NYSE:ORA) - Ormat Technologies, Inc., together with its subsidiaries, engages in the geothermal and recovered energy power business worldwide. The company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants, as well as sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; remote power units; and other power generating units, including heavy duty direct current generators and fossil fuel powered turbo-generators. It provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy power plants. This segments customers include owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants; and companies engaged in energy-intensive industrial processes. Ormat Technologies, Inc. has a joint venture agreement with Sunday Energy Ltd. to develop, construct, and operate solar-photovoltaic energy systems with a total capacity of 36 megawatts in Israel. The company was founded in 1965 and is based in Reno, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.
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