The share price of Israeli renewable geothermal energy company Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) is down 8.19% in premarket trading on Wall Street at $92 per share. The fall comes after Japanese company ORIX sold one third of its controlling stake. ORIX sold 3.75 million shares to institutional investors for $90 per share for an overall $337 million. RELATED ARTICLES BlackRock increases stake in Ormat Ormat buys Nevada geothermal assets for $377m ORIX completes $630m Ormat controlling stake acquisition ORIX Corp. (TSE: 8591) acquired a 22% stake in Ormat in 2017 from the FIMI Opportunity Fund and Bronicki family for $57 per share for a total investment of $630 million. Ormat builds geothermal power station both for its customers and which it owns itself. The company's share price closed 1.23% higher on Wall Street yesterday at $100.21, giving a market cap of $5.617 billion. Published by Globes, Israel business news - en.globes.co.il - on November 17, 2022. © Copyright of Globes Publisher Itonut (1983) Ltd., 2022.
