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August 10th Deadline Alert: Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Ormat Technologies, Inc. (ORA)


National securities litigation law firm Glancy
Prongay & Murray LLP
("GPM") reminds investors of the August
10, 2018
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased Ormat Technologies,
Inc. ("Ormat" or the "Company") (NYSE: ORA)
securities between August 8, 2017 and May 15, 2018, inclusive
(the "Class Period"). Ormat investors have until August 10, 2018 to
file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here
to participate.

Investors suffering losses on their Ormat investments are encouraged to
contact Lesley Portnoy of GPM to discuss their legal rights in this
class action at 310-201-9150 or by email to

According to the lawsuit, throughout the Class Period defendants made
false and/or misleading statements and/or failed to disclose that: (1)
there were errors in the income tax provision primarily relating to
Ormat's valuation allowance based on its ability to utilize foreign tax
credits in the U.S. prior to their expiration; (2) Ormat netted certain
deferred income tax assets and deferred income tax liabilities across
different tax jurisdictions that are not permitted to be netted pursuant
to United States generally accepted accounting principles; (3) Ormat's
internal controls over financial reporting were ineffective; (4) Ormat
would need to restate its second, third and fourth quarter 2017
financial statements and its full-year 2017 financial statements; and
(5) as a result, defendants' statements about Ormat's business,
operations and prospects were materially false and misleading and/or
lacked a reasonable bases at all relevant times.

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If you purchased shares Ormat during the Class Period you may move the
Court no later than August 10, 2018 to ask the Court to
appoint you as lead. To be a member of the Class you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish to learn
more about this action, or if you have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East,
Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to,
or visit our website at
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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