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:
-
$BTC: BitMEX Co-Founder Offers Two Possible Explanations for Bitcoin’s Current Rally
-
Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here’s Why
-
Growing Customer Demand For Definitive Healthcare’s SaaS Platform
-
Bitcoin, ETH, XRP, ADA Get Stuck In Tight Ranges As Investors Attune To The Jackson Hole Symposium
-
Capitulation? Bitcoin ($BTC) Whale Holdings Drops to 29-Month Low