(Updates with closing share price in second paragraph.)
Jan. 31 (Bloomberg) -- Ormat Industries Ltd. slumped to the lowest level in more than seven years after its U.S. unit said 2012 revenue will drop following cuts to forecasted natural-gas prices used in several power-purchase agreements with utilities.
The shares of Ormat, a developer of geothermal power plants, slumped 4 percent to 17.25 shekels at the 4:30 p.m. close in Tel Aviv, the lowest since October 2004.
--Editor: Shanthy Nambiar, Peter Branton
To contact the reporter on this story: Susan Lerner in Jerusalem at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com