Ormat Technologies Revises FY24 Total Revenues Forecast From $860M - $910M To $875M - $910M, Est $893.157M
Portfolio Pulse from Benzinga Newsdesk
Ormat Technologies has revised its FY24 total revenues forecast from $860M - $910M to $875M - $910M, with an estimated $893.157M. The company provided detailed guidance for its segments and adjusted EBITDA.
August 06, 2024 | 8:45 pm
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Ormat Technologies revised its FY24 revenue forecast upwards to a range of $875M - $910M, with an estimated $893.157M. The company also provided detailed guidance for its electricity, product, and energy storage segments, as well as adjusted EBITDA.
The upward revision in revenue forecast and detailed segment guidance indicate positive business performance and transparency, which are likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100