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Ormat Technologies Reports Another Year with Record Revenue of $663.0 Million up 11.4% over Prior Year

Feb 28, 2017 - GlobeNewswire

RENO, Nev., Feb. 28, 2017 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) today announced financial results for the fourth quarter and full year ended December 31, 2016.

Financial Summary:

Financial highlights for the full year:

Total revenues of $662.6 million in 2016, an increase of 11.4% from 2015;Electricity segment revenues increased 16.1% to $436.3 million in 2016 from $375.9 million in 2015; Product segment revenues reached record levels of $226.3 million fr...