
For years, the goldmine for Israeli cleantech companies has been the American economy. And as Israel deploys innovative technologies across the Atlantic, it is increasingly breaking ground and gaining profits ahead of American companies.
Just last week, shares of the Reno, Nevada-based unit of Israeli geothermal company, Ormat Technologies (NYSE: ORA), rose more than 2.7 percent to $18.78 in the US stock exchange yesterday, the most since Feb. 24, Bloomberg Businessweek reported. The rise came from a new $61.2 million engineering, procurement and construction (EPC) contract the company signed on April 25–for two air-cooled Ormat Energy Converters that will be installed at an unspecified North American geothermal plant–that has traders expecting company earnings per share to jump by 30 cents over 2012 and 2013, according to Avondale Partners LLC, interviewed in the article.
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