Ormat Sells 3M Shares to Lehman Brothers
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Ormat Technologies, Inc. (NYSE: ORA), the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business, announced today that it will sell 3,100,000 shares of common stock to Lehman Brothers Inc. (NYSE: LEH) in a block trade.
Ormat designs, develops, owns and operates geothermal and recovered energy-based power plants around the world. Additionally, the company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services.
Ormat currently operates seven geothermal and recovered energy-based power plants in the United States, as well as plants in Guatemala, Kenya and Nicaragua.
A written prospectus may be obtained from Lehman Brothers.
