Inside the research
Ormat Technologies, Inc.
ORA Research profile · latest available data
Price overview
$93.63
▲ +1.09 (+1.2%)
| 52w hi | $144.94 |
|---|---|
| 52w lo | $91.20 |
| Vol | 508.90K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.61
| Short | -0.25 |
|---|---|
| Medium | -0.83 |
| Long | -0.89 |
computed 2026-09-27
Key fundamentals
Ormat Technologies, Inc.
Utilities · Utilities - Renewable
| Market cap | $5.76B |
|---|---|
| Enterprise value | $8.80B |
| Trailing P/E | 45.90x |
| Forward P/E | 36.39x |
| EV / EBITDA | 16.73x |
| P / S (ttm) | 4.84x |
| Profit margin | 10.7% |
| Return on equity | 4.8% |
| Revenue growth | +10.6% |
| Earnings growth | -6.5% |
| Debt / equity | 124.34 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.04 | |
| Sector | -0.10 | |
| Technical | -0.33 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, and construction of geothermal and recovered energy-based power plants. The Energy Storage segment owns and operates grid-connected, stand alone In Front of the Meter (IFM) battery energy storage BESS facilities, which provide capacity, energy, and ancillary services directly to the electric grid. The company serves contractors, geothermal plant owners and operators, interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and biomass facilities owners and operators, as well as other companies engaged in energy-intensive industrial processes. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.
Risk Metrics
| Beta vs SPX | 0.61 |
|---|---|
| Corr SPX | 0.31 |
| Annual vol | 31.7% |
| Annual ret | +15.8% |
| Sharpe | 0.50 |
| Max DD | -37.1% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Exhibits | read |
| 2026-06-05 | Shareholder Vote | read |
| 2026-05-06 | Earnings Release, Exhibits | read |
| 2026-03-23 | Material Agreement, Material Obligation… | read |
| 2026-02-26 | Earnings Release, Exhibits | read |
| 2026-02-17 | Reg FD Disclosure, Exhibits | read |
| 2025-11-03 | Earnings Release, Exhibits | read |
| 2025-08-07 | Earnings Release, Exhibits | read |
| 2025-05-08 | Shareholder Vote | read |
| 2025-05-08 | Earnings Release, Exhibits | read |
| 2025-03-13 | Officer / Director Change | read |
| 2025-02-27 | Earnings Release, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 99.9% |
| HHI | 3,811 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $273.82M | 2.51M |
| Capital Research / Capital World | $255.94M | 2.35M |
| Citadel Advisors | $40.84M | 375.04K |
| Fidelity / FMR LLC | $37.52M | 344.56K |
| AQR Capital Management | $4.95M | 45.45K |
| Bridgewater Associates | $405.76K | 3.73K |
| Millennium Management | $304.92K | 2.80K |
| T. Rowe Price Group | $9.06K | 83.17K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.26% |
|---|---|
| $ / share (TTM) | $0.24 |
| 5y CAGR | +1.8% |
Annual dividend per share
| 2021 | $0.48 |
|---|---|
| 2022 | $0.48 |
| 2023 | $0.48 |
| 2024 | $0.48 |
| 2025 | $0.48 |
| 2026 | $0.12 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $179.38M | -6.3% | |
| Gross profit | $272.69M | +8.7% | |
| Operating income | $166.59M | +8.3% | |
| Net income | $123.73M | +7.2% | |
| Cash from ops | $410.92M | +9.8% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $93.04 | $93.97 | $92.55 | $93.63 | 508.90K |
| Sep 24 | $93.70 | $93.70 | $91.25 | $92.54 | 1.02M |
| Sep 23 | $97.61 | $98.00 | $95.43 | $95.83 | 445.90K |
| Sep 22 | $96.25 | $97.63 | $95.75 | $97.28 | 515.10K |
| Sep 21 | $98.75 | $98.77 | $96.34 | $96.52 | 578.60K |
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