Ormat Technologies, Inc.
|Company Name||Ormat Technologies, Inc.|
On May 16, 2018, Ormat announced that investors should no longer rely on Ormat’s previously issued financial statements for the second, third and fourth quarter of 2017, and full-year 2017 due to certain “errors” in the Company’s income tax provision. Ormat further stated that it would restate its financial results for those periods. On this news, Ormat’s share price fell, thereby injuring investors.
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