0.09%QQQQ 50.01 0.08%MSFT 29.99 
1.51%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK (AP) - Shares of renewable energy company Ormat Technologies Inc. plunged Friday after it said it will sell 3.1 million shares to Lehman Brothers in a block trade.
| ORA | 50.01 |  -0.04 |
The company had 45.3 million shares outstanding on May 8. It intends to use the funds to purchase new geothermal and other energy assets and for general corporate purposes.
Reno, Nev.-based Ormat builds geothermal and other environmentally friendly power plants.
Shares shed $3.63, or 6.8 percent, to $49.81 in morning trading.
Eritrea is considering five more applications for exploration licences, and will make its decision within the year.
A Swiss pilot strapped on a jet-powered wing and leaped from a plane Wednesday f...
The One Laptop Per Child project is about to find out whether Microsoft Corp., a...
|
Find the most up to date research from leading investment firms to make the most informed investing decisions
Professional Website Design For Corporate - Get a Free Quote Today
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
