Energy News / Shareholders Foundation, Inc.

NYSE:ORA Shareholder Notice: Investigation over Possible Securities Laws Violations by Ormat Technologies, Inc

Via: ReleaseWire

Updated 11:00 AM CDT, Tue, May 29,2018

An investigation for investors in Ormat Technologies, Inc. (NYSE: ORA) shares over potential securities laws violations by Ormat Technologies, Inc. was announced

San Diego, CA -- (SBWIRE) -- 05/29/2018 -- An investigation was announced concerning potential securities laws violations by Ormat Technologies, Inc. in connection with certain financial statements.

Investors who purchased shares of Ormat Technologies, Inc. (NYSE: ORA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Ormat Technologies, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 11, 2018, Ormat Technologies, Inc. disclosed that it's delaying the filing of its Quarterly Report for the period ended March 31, 2018 with the SEC because "management has identified an error in the Company's financial statement presentation of deferred income tax assets and deferred income tax liabilities that affects the Company's balance sheets in previous reporting periods." Ormat Technologies, Inc. further disclosed that "[t]he Company is evaluating the impact of this error on its consolidated financial statements and the extent to which the Company's annual and quarterly consolidated financial statements filed in previous periods require revision or amendment." Shares of Ormat Technologies, Inc. (NYSE: ORA) declined on May 14, 2018 to $51.63 per share.

Those who purchased shares of Ormat Technologies, Inc. (NYSE: ORA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseora-shareholder-notice-investigation-over-possible-securities-laws-violations-by-ormat-technologies-inc-986195.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com