Ormat Technologies acquired the Hoku 30MW solar PV plant with a 30MW/120MWh battery facility on Hawaii's Big Island for approximately $80 million in cash in January 2026, expanding its hybrid solar-plus-storage portfolio. The company agreed to sell its 50MW Topp 2 geothermal project in New Zealand for approximately $107 million in January 2026, recognizing significant Product segment revenue. Ormat Technologies reported first-quarter 2026 results with operating income up 57.6% year over year, adjusted EBITDA up 29.7%, and adjusted diluted EPS up 91.2%. The company nearly doubled its earnings in the first quarter, with EPS rising 97% year over year to $1.30. Ormat Technologies increased Q1 2026 net income attributable to stockholders to $44.1 million from $40.4 million a year earlier, and diluted EPS to $0.71 from $0.66. The company completed a $1,000,000,000 convertible senior notes offering in March 2026, strengthening its financial position. Ormat Technologies monetized investment tax credits for its Arrowleaf hybrid solar-plus-storage project through a hybrid tax equity partnership with Morgan Stanley Renewables, generating about $38 million in upfront proceeds. The company posted record revenue of $249 million in Q3 2025, with analysts projecting another record $257 million in Q4 2025. Ormat Technologies reported total company revenue growing 75% year over year, reaching $404 million in Q1 2026, and total revenues rose 75.8% year-over-year to $403.9 million in Q1 2026 from $229.8 million in Q1 2025.