Investing.com - Ormat reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ormat announced earnings per share of $0.33 on revenue of $175.9M. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $167.69M.
Ormat shares are up 17.79% from the beginning of the year and are trading at $88.38 , down-from-52-week-high.
Ormat follows other major Utilities sector earnings this month
Ormat's report follows an earnings beat by NextEra Energy on Friday, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Southern had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.35 on revenue of $8.38B, compared to forecast for EPS of $1.3 on revenue of $6.84B.
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