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| Press Release

SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ormat Technologies, Inc. (ORA)

NEW YORK, NY / ACCESSWIRE / June 12, 2018 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ormat Technologies, Inc. ("Ormat" or the "Company") (NYSE: ORA).Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site:

The investigation concerns whether Ormat andcertain of its officers and/or directors have violated federal securities laws.

On May 11, 2018, Ormat disclosed that the Company was delaying the filing of its Quarterly Report for the period ended March 31, 2018 with the U.S. Securities and Exchange Commission, stating that "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 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." On this news, Ormat's share price fell $3.58, or over 6%, over two consecutive trading days to close at $52.77 on May 14, 2018.

Then, on May 16, 2018, Ormat announced that the Company "will restate its second, third and fourth quarter 2017 financial statements and its full-year 2017 financial statements," and stated that "investors should no longer rely upon the Company's previously issued financial statements for [these] periods . . . , earnings releases for these periods, and other communications relating to these financial statements." On this news, Ormat's share price fell $0.67, or 1.26%, to close at $52.35 on May 16, 2018.

If you are aware of any facts relating to this investigation, or purchased Ormatshares,you can assist this investigation by visiting the firm's site: You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.


Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 |

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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