Ormat Technologies sees FY18 revenue $698M-$722M, consensus $709.86M
The company said, "We are reaffirming our FY18 guidance for the Electricity segment revenues to be between $500M-$510M. We expect Product segment revenues to be between $190M-$200M and revenues from energy storage and demand response activity to be between $8M-$12M. As such, our guidance for total revenues is between $698M-$722M. Our 2018 Adjusted EBITDA guidance is expected to be between $370M-$380M for the full year, assuming successful resolution of our insurance claim for our losses relating to Puna situation by the end of 2018. In the event we do not reach a resolution of our insurance claim by the end of 2018, the 2018 Adjusted EBITDA might be negatively impacted by approximately $20M. We expect annual Adjusted EBITDA attributable to minority interest to be approximately $30M. The minority interest includes our partners share in the insurance claim for the Puna Plant."