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LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Ormat Technologies, Inc. (Ormat or the Company) (NYSE: ORA) on behalf of investors concerning the Companys possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On March 1, 2021, before the market opened, Hindenburg Research published a report entitled Ormat: Dirty Dealings in Clean Energy. According to the report, the Company has engaged in what we believe to be widespread and systematic acts of intentional corruption, adding that it expect[s] the blowback to these revelations to be severe, threatening Ormats contracts in its most lucrative markets. The report alleges that Hindenburg uncovered evidence tying Ormat to corruption with senior government officials, and direct evidence tying Ormat to corruption with senior Guatemalan government officials further noting Ormat paid contractors in Kenya tied to corrupt government officials. On this news, Ormats stock price fell $1.00, or 1.1%, to close at $84.67 per share on March 1, 2021, thereby injuring investors. The same day, after the market closed, Ormat responded to the report and acknowledged that [t]he Company is aware of claims being investigated in Israel regarding Ravit Barniv, an Ormat Board member, and Hezi Kattan, the Companys General Counsel and Chief Compliance Officer. Though the claims involve Ms. Barnivs and Mr. Kattans work at another company, prior to joining Ormat, the Company announced that it would transfer the responsibility for the Companys compliance function to other members of the Ormat management team until these issues are resolved. On this news, Ormats stock price fell $1.68, or nearly 2%, to close at $82.99 per share on March 2, 2021, thereby injuring investors further. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased Ormat securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. 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.

Answer: The Law Offices of Frank R. Cruz Announces Investigation of Ormat Technologies, Inc. (ORA) on Behalf of Investors