Ormat’s New Plant Deal May Boost Profit: Israel Overnight
This article is for subscribers only.
Ormat Technologies Ltd., the Reno, Nevada-based unit of an Israeli power plant developer, rose the most in two months in New York on speculation a new building contract will boost earnings per share by the end of 2013.
Shares of Ormat climbed 2.7 percent to $18.78 in the U.S. yesterday, the most since Feb. 24. The Bloomberg Israel-US Equity Index of the largest Israeli companies listed in New York rose for the first time in four days, adding 0.8 percent to