Ormat Technologies Secures Land for Geothermal Projects in Utah

Zacks2024-12-30

Ormat Technologies Inc. ORA recently acquired 1,678 acres of land in Utah during the Bureau of Land Management (BLM) auction. The new land will help Ormat Technologies build two new geothermal power ...

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The new land will help Ormat Technologies build two new geothermal power ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ormat-technologies-secures-land-geothermal-134200366.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ormat Technologies Secures Land for Geothermal Projects in Utah</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOrmat Technologies Secures Land for Geothermal Projects in Utah\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-30 21:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ormat-technologies-secures-land-geothermal-134200366.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ormat Technologies Inc. ORA recently acquired 1,678 acres of land in Utah during the Bureau of Land Management (BLM) auction. The new land will help Ormat Technologies build two new geothermal power ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ormat-technologies-secures-land-geothermal-134200366.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4133","symbol_name":"新能源发电业者","start_time":0,"source_url":"https://finance.yahoo.com/news/ormat-technologies-secures-land-geothermal-134200366.html","article_id":"2495526631","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2495526631","pubTimestamp":1735566120,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Ormat Technologies Inc. ORA recently acquired 1,678 acres of land in Utah during the Bureau of Land Management  auction. The new land will help Ormat Technologies build two new geothermal power plants near its Cove Fort facility. The first plant’s  exploration will start in 2025, with commercial operation estimated to begin in 2027. The second plant, Cove Fort North, will be developed later.Shares of ORA have lost 11.3% in the past three months against the industry’s 5.8% growth.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4133":"新能源发电业者","BK4179":"石油天然气设备与服务","LU1721428347.USD":"BNP PARIBAS CLIMATE IMPACT \"C\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU2477742899.HKD":"BNP PARIBAS CLIMATE IMPACT \"C\" (HKD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU2463526074.USD":"NORDEA 1 - GLOBAL CLIMATE ENGAGEMENT \"BP\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","ORA":"奥玛特科技","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","BK4144":"石油与天然气的储存和运输","LU1261432733.SGD":"Fidelity World A-ACC-SGD","HAL":"哈里伯顿","EE":"Excelerate Energy, Inc.","BK4585":"ETF&股票定投概念","LU2506952410.USD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (USDHDG) ACC A","IE00BGHQF417.EUR":"GUINNESS SUSTAINABLE ENERGY \"C\" (EUR) ACC","LU0251142724.SGD":"Fidelity America A-SGD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BKR":"贝克休斯","BK4566":"资本集团","IE00B2PGVK34.USD":"GUINNESS SUSTAINABLE ENERGY \"C\" (USD) ACC","LU2506952337.HKD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (HKDHDG) ACC","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","IE00B3CCJ633.GBP":"GUINNESS SUSTAINABLE ENERGY \"C\" (GBP) ACC","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4588":"碎股","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD"},"translate_title":"Ormat Technologies获得犹他州地热项目土地","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ORA":1,"BKR":1,"EE":1,"HAL":0.9},"content_text":"Ormat Technologies Inc. ORA recently acquired 1,678 acres of land in Utah during the Bureau of Land Management (BLM) auction. The new land will help Ormat Technologies build two new geothermal power plants near its Cove Fort facility. The first plant’s (Cove Fort 2) exploration will start in 2025, with commercial operation estimated to begin in 2027. The second plant, Cove Fort North, will be developed later.\nORA’s Position in Geothermal Generation\nAs the impacts of climate change become more apparent, the transition to renewable energy sources like geothermal has been growing rapidly to help lower greenhouse gas emissions. Geothermal plants offer constant power to the grid, unaffected by weather or daylight, making them a reliable and flexible backup during significant electricity outages or disruptions.This is likely to have prompted the Grand View Research firm to forecast a compound annual growth rate of 3.1% for the global geothermal energy market during the 2024-2030 time period.Ormat Technologies, being a prominent forerunner in generating electricity from geothermal energy, stands to gain significantly from the aforementioned market growth prospect. The company has been consistently enhancing its footprint in this industry. In the second quarter of 2024, it started operating the six-megawatt (MW) Beowawe Repower geothermal plant. By the end of September 2024, the company’s total capacity reached 1.4 gigawatts, with most of it coming from geothermal power plants. Out of 187 MW of projects currently being developed by ORA, 125 MW focus on geothermal energy.The newly acquired land in Utah is yet another strategy of Ormat Technologies to further expand its geothermal footprint.\nOpportunities for Other Stocks\nOther companies, which are increasing investments in geothermal generation and are thus expected to gain from the expanding global geothermal energy market, are discussed below.Baker Hughes Company BKR: It has been working on geothermal energy for more than 40 years, with projects in more than 30 countries around the world. The company has developed a prototype metal-to-metal mud motor with a mud-lubricated bearing assembly and a titanium transmission for harvesting energy from an enhanced geothermal system in Iceland.The company has a long-term (three to five years) earnings growth rate of 21.4%. The Zacks Consensus Estimate for BKR’s 2024 sales indicates year-over-year growth of 8.1%.Halliburton Company HAL: It provides a wide range of products, technology and integrated services to help reduce costs and manage risks in geothermal projects. The company works closely with clients to develop the best solutions for various types of geothermal energy projects.The company has a long-term earnings growth rate of 2.7%. The Zacks Consensus Estimate for HAL’s 2025 sales indicates year-over-year growth of 0.6%.\nORA Stock Price Movement\nShares of ORA have lost 11.3% in the past three months against the industry’s 5.8% growth.\nImage Source: Zacks Investment Research\nORA’s Zacks Rank & A Stock to Consider\nORA currently carries a Zacks Rank #3 (Hold).A better-ranked stock in the same industry is Excelerate Energy EE. It currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for EE’s 2025 sales is pinned at $981.5 million, which indicates year-over-year growth of 25.8%. The consensus estimate for 2025 earnings per share is pinned at $1.47, which indicates year-over-year growth of 19.1%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nHalliburton Company (HAL) : Free Stock Analysis Report\nExcelerate Energy, Inc. (EE) : Free Stock Analysis Report\nOrmat Technologies, Inc. (ORA) : Free Stock Analysis Report\nBaker Hughes Company (BKR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2495526631"}