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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.