Ormat Rises on $61.2 Million Contract for Geothermal Plant
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Ormat Technologies Inc., a U.S. geothermal energy company, rose the most in two months after receiving a $61.2 million contract to build a power plant in North America.
Ormat rose 2.7 percent to 18.78 at the close in New York, the most since Feb. 24. The Reno-based company will provide two air-cooled converters under an engineering, procurement and construction contract it announced today in a statement.