Ormat Technologies Drops 8% After Pricing Public Offering

On:

Shares of geothermal company Ormat Technologies, Inc. (ORA) are falling more than 8% Thursday morning at $91.75.

Wednesday, the company priced its upsized secondary public offering of 3.75 million shares at $90.00 per share.

The shares are offered by ORIX Corporation, and Ormat will not receive any proceeds from the sale.

The offering is expected to close on November 21.

ORA has traded in the range of $60.32-$101.81 in the last 1 year.

Source: Read Full Article

Lates News:
  1. With Bitcoin Above $31,000 Milestone, MicroStrategy’s BTC Stash Is Back In The Green
  2. Former SEC Attorney Tom Gorman Discusses Uncertainty of Spot Bitcoin ETF Approval
  3. Pfizer Boosts FY22 Outlook As Q3 Results Top Estimates
  4. Bitcoin Miners Dump $55 Million Worth of $BTC Amid Price Drop to Key Support Level
  5. Bitcoin Slumps Below $23,000 As Investors Assess Impact of Federal Reserve Interest Rate Moves