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 email@example.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.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels