Report
Andrew Bischof, CFA, CPA
EUR 101.80 For Business Accounts Only

Ormat Guides to Lower 2018

We are reaffirming our $54 fair value estimate for Ormat Technologies after the company reported full-year adjusted EBITDA of $343.8 million, up from $323.8 million the year before and consistent with our $340 million estimate. Management initiated 2018 revenue guidance of $688 million-$712 million and adjusted EBITDA expectations of $355 million-$365 million. Both of these estimates are below our and consensus estimates. Management also delayed its 10-K filing to mid-March as a result of contro...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Bischof, CFA, CPA

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