Ormat Technologies' Electricity Growth Covers for Weaker Product Sales in Q3

If you are looking at the revenue and earnings declines at Ormat Technologies (NYSE: ORA) as an ill omen, then you need to look at the results again. Sure, third-quarter results didn't quite stack up to the prior quarter, but the company's more stable, higher-margin business -- electricity generation -- continued to perform well.

What's even more encouraging is that Ormat's management wants to grow this part of the business significantly in the coming years. Here's a look at the company's most recent results and what management has planned that could make Ormat an exciting stock to follow.

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Source: Fool.com