Ormat Technologies shares rise 1.96% intraday after reporting Q2 earnings and revenue above expectations.

Ormat Technologies, Inc. rose 1.96% during intraday trading. The company reported second-quarter net income of $28 million, with adjusted earnings of 48 cents per share, surpassing Wall Street expectations of 37 cents per share. Revenue for the period was $234 million, also exceeding forecasts of $220.8 million. The company expects full-year revenue in the range of $935 million to $975 million.