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. Cryptos Rebound But Anxiety Lingers
  2. Crypto Market Sentiment Muted Amidst Central Bank Reviews
  3. Patrick Shyu ('TechLead') Says a Spot Bitcoin ETF Approval in U.S. Will Make Him Rich
  4. Bitcoin Falls to Lowest Level in 3 Months As Market Awaits Outcome of FOMC Meeting
  5. $ETH: CME Group Shows Impeccable Timing With Launch of Its Options on Ether Futures