Ormat Technologies, Inc. ORA R2K
Utilities · Utilities - Renewable · United States
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.
READ MORE ›$137.23
+85.44% 1Y
Market & Price
Market Cap
$8.43B
Current Price
$137.23
High / Low (52W)
$139.69 / $73.43
Beta
0.80
Valuation
Stock P/E
66.29
Industry PE
19.80
Forward P/E
55.22
PEG Ratio
7.15
Book Value
$41.84
Price to Book
3.28
P/S
7.25
EV/EBITDA
22.13
Dividend Yield
0.35%
Profitability & Returns
ROCE
4.50%
ROE
4.91%
ROA
2.03%
Profit Margin
10.96%
Op Margin
21.30%
EPS (Latest Qtr)
$0.71
EPS (TTM)
$2.07
Balance Sheet & Liquidity
Debt/Equity
1.26
Quick Ratio
0.88
Current Ratio
1.07
Debt
$3.41B
Total Assets
$6.25B
Current Assets
$597.77M
Working Capital
$-140.62M
Ownership
Promoter Holding
0.42%
Chg in Prom Hold
-
FII / Inst Holding
90.28%
Chg in FII Hold
0.00%
Financial Snapshot
Enterprise Value
$11.34B
Total Revenue (TTM)
$1.16B
EBITDA
$512.36M
Free Cash Flow
$-178.82M
Operating Cash Flow
$325.67M
Shares Outstanding
61.45M
Gross Margin
27.51%
Payout Ratio
23.19%
Growth (CAGR)
Revenue 5Y
10.46%
Profit 5Y
23.46%
Revenue (YoY)
75.80%
Earnings (YoY)
7.60%
PROS
- Compounding revenue at 10.5% over 5 years.
- Profit CAGR of 23.5% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 66.3.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Utilities).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ORA Ormat Technologies, Inc. R2K | 137.23 | 66.29 | $8.43B | 0.35% | 4.50% | 4.91% | 10.46% | 23.46% |
| 2 | NEE NextEra Energy, Inc. SPX | 87.01 | 22.08 | $181.47B | 2.86% | 4.79% | 10.32% | 9.36% | 18.12% |
| 3 | SO The Southern Company SPX | 92.05 | 23.54 | $103.77B | 3.30% | 5.93% | 10.99% | 0.31% | 7.09% |
| 4 | DUK Duke Energy Corporation SPX | 122.73 | 18.88 | $95.68B | 3.47% | 5.35% | 9.66% | 3.87% | 24.90% |
| 5 | AEP American Electric Power Company, Inc. NDXSPX | 126.67 | 18.74 | $68.92B | 3.00% | 5.68% | 12.58% | 3.66% | 15.77% |
| 6 | D Dominion Energy, Inc. SPX | 66.94 | 19.75 | $58.87B | 3.99% | 5.34% | 9.79% | 5.80% | 36.03% |
| 7 | SRE Sempra SPX | 89.13 | 30.32 | $58.26B | 2.95% | 3.04% | 5.69% | -1.73% | -4.95% |
| 8 | VST Vistra Corp. SPXAI | 160.23 | 26.79 | $54.03B | 0.57% | 7.08% | 42.90% | 8.92% | 58.98% |
| 9 | ETR Entergy Corporation SPX | 109.05 | 27.89 | $49.93B | 2.35% | 5.63% | 10.75% | -2.02% | 17.36% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 140.49M | 10.66M | - | 151.59M | 159.86M | 184.62M | - | 189.90M | 179.36M | 157.19M | 166.37M | 184.02M | 178.30M | 166.48M | 190.47M | 199.04M | 184.06M | 170.50M | 192.44M | 192.11M | 174.90M | 158.95M | 179.38M | - | - | - | - | - | - | - | - | - | - | - | - | 229.76M | 234.02M | 249.73M | 276.04M | 403.91M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 156.84M | 177.12M | 185.69M | 197.21M | 283.54M |
| Gross Profit | 50.78M | 59.33M | 64.14M | 63.87M | 65.80M | 74.49M | 66.64M | 74.41M | 70.49M | 59.19M | 64.36M | 73.37M | 57.46M | 48.79M | 90.81M | 74.18M | 65.15M | 55.49M | 74.50M | 81.82M | 65.39M | 54.03M | 75.04M | 73.65M | 51.98M | 63.14M | 69.91M | 57.60M | 61.11M | 76.07M | 49.49M | 60.00M | 78.81M | 61.39M | 58.86M | 72.93M | 56.90M | 64.04M | 78.83M | 120.37M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.50M | 21.33M | 23.23M | 23.90M | 29.92M |
| Operating Income | 38.64M | 46.48M | 49.09M | 50.54M | 51.89M | 48.22M | 51.23M | 59.50M | 53.15M | 43.97M | 48.40M | 54.59M | 36.63M | 25.90M | 67.98M | 53.73M | 46.88M | 38.72M | 54.47M | 61.06M | 48.08M | 51.69M | 53.20M | 49.89M | 28.62M | 35.99M | 45.08M | 38.61M | 38.89M | 53.17M | 24.22M | 37.57M | 52.58M | 35.13M | 35.67M | 51.43M | 35.57M | 40.81M | 54.93M | 90.45M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 141.86M | 128.67M | 130.63M | 138.57M | 149.99M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.47M | 36.68M | 35.68M | 35.02M | 44.99M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.61M | 21.96M | 19.97M | 26.21M | 28.63M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.79M | -5.47M | -4.28M | -6.74M | -15.47M |
| Net Income | 14.41M | 72.14M | 22.99M | 29.27M | 24.35M | 12.08M | 28.23M | 35.19M | 8.64M | 23.96M | 64.62M | 69.51M | -343.00K | 10.58M | 18.22M | 25.95M | 33.94M | 15.61M | 12.61M | 26.03M | 23.05M | 15.68M | 20.70M | 15.26M | 13.03M | 14.90M | 18.43M | 11.26M | 18.11M | 29.03M | 24.19M | 35.45M | 38.59M | 22.24M | 22.08M | 40.36M | 28.05M | 24.14M | 31.35M | 44.07M |
| Diluted EPS | 0.28 | 1.41 | 0.46 | 0.59 | 0.48 | 0.21 | 0.56 | 0.70 | 0.17 | 0.47 | 1.27 | 1.36 | -0.01 | 0.21 | 0.36 | 0.51 | 0.66 | 0.30 | 0.24 | 0.51 | 0.45 | 0.31 | 0.39 | 0.27 | 0.23 | 0.26 | 0.33 | 0.20 | 0.32 | 0.51 | 0.40 | 0.59 | 0.64 | 0.37 | 0.36 | 0.66 | 0.46 | 0.39 | 0.50 | 0.71 |
| R&D Expense | 414.00K | 335.00K | 668.00K | 349.00K | 595.00K | 1.09M | 732.00K | 602.00K | 1.05M | 716.00K | 789.00K | 1.11M | 1.25M | 706.00K | 1.12M | 900.00K | 810.00K | 1.06M | 1.88M | 1.62M | 1.17M | 1.49M | 1.11M | 876.00K | 1.13M | 1.18M | 1.06M | 1.39M | 1.24M | 1.29M | 2.08M | 1.39M | 1.56M | 1.73M | 1.82M | 2.54M | 1.44M | 1.28M | - | 1.13M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | 425.46M | 501.77M | 533.24M | 559.52M | 594.64M | 662.59M | 692.81M | 719.27M | - | - | - | 734.16M | 829.42M | 879.65M | 989.54M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 465.33M | 565.41M | 607.03M | 716.86M |
| Gross Profit | 101.90M | 120.46M | 77.63M | 113.78M | 129.01M | 159.82M | 203.75M | 218.28M | 270.80M | 268.45M | 270.44M | 269.32M | 276.27M | - | 268.82M | 264.02M | 272.62M | 272.69M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 82.55M | 93.70M | 94.94M | 89.95M |
| Operating Income | 50.65M | 66.59M | 23.57M | 61.55M | -159.90M | 96.96M | 143.49M | 164.06M | 201.88M | 205.02M | 185.11M | 193.80M | 214.01M | - | 186.28M | 170.32M | 177.68M | 182.74M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 382.14M | 462.76M | 512.27M | 539.72M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 87.74M | 98.88M | 134.03M | 141.85M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 95.61M | 139.09M | 115.38M | 105.75M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.74M | 5.98M | -16.29M | -20.28M |
| Net Income | 43.61M | 68.85M | 37.32M | -43.06M | -213.02M | 41.24M | 54.18M | 119.57M | 88.71M | 132.41M | 97.97M | 88.09M | 85.46M | - | 65.84M | 124.40M | 123.73M | 123.90M |
| Diluted EPS | 0.98 | 1.51 | 0.82 | -0.95 | -4.69 | 0.91 | 1.18 | 2.43 | 1.77 | 2.61 | 1.92 | 1.72 | 1.65 | 1.10 | 1.17 | 2.08 | 2.04 | - |
| R&D Expense | 4.59M | 10.50M | 10.12M | 8.80M | 6.11M | 4.96M | 783.00K | 1.78M | 2.76M | 3.16M | 4.18M | 4.65M | 5.39M | 4.13M | 5.08M | 7.21M | 6.50M | 6.30M |
Compounded Sales Growth
| 5 Years: | 10.46% |
| 1 Year: | 75.80% |
Compounded Profit Growth
| 5 Years: | 23.46% |
| 1 Year: | 7.60% |
Stock Price Performance
| 1 Year: | +85.44% |
| 6 Months: | +21.44% |
| 3 Months: | +32.60% |
| 1 Month: | +24.51% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2013 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.86B | 2.04B | 2.31B | 2.09B | 2.13B | 2.16B | 2.12B | 2.27B | 2.46B | 2.62B | 3.12B | 3.25B | 3.89B | - | 4.61B | 5.21B | 5.67B | 6.25B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 456.72M | 646.00M | 547.12M | 597.77M |
| Cash & Equivalents | 47.23M | 34.39M | 46.31M | 82.81M | 99.89M | 66.63M | - | 57.35M | 40.23M | 185.92M | 230.21M | 47.82M | 98.80M | 71.17M | 448.25M | - | 95.87M | 195.81M | 94.39M | 147.45M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22.83M | 45.04M | 38.09M | 45.27M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 128.82M | 208.70M | 164.05M | 164.77M |
| Total Liabilities | - | - | 952.50M | 1.10B | 1.41B | 1.39B | - | 1.41B | 1.33B | 1.19B | 1.29B | 1.32B | 1.67B | 1.73B | 1.94B | - | 2.58B | 2.76B | 3.11B | 3.56B |
| Current Liabilities | - | - | 139.60M | 137.72M | 193.77M | 212.13M | - | 186.34M | 205.75M | 188.50M | 189.25M | 283.35M | 361.94M | 376.48M | 248.65M | - | 343.91M | 537.01M | 598.08M | 738.39M |
| Long Term Debt | - | - | - | - | 810.96M | 957.32M | - | 965.84M | 1.00B | 920.47M | 956.53M | 877.06M | 1.13B | 1.17B | 1.47B | - | 1.84B | 1.79B | 2.09B | 2.33B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.05B | 2.12B | 2.45B | 2.86B |
| Total Equity | - | - | 945.23M | 939.13M | 906.64M | 695.61M | - | 732.74M | 774.92M | 990.00M | 1.08B | 1.21B | 1.32B | 1.39B | 1.81B | - | 1.87B | 2.32B | 2.43B | 2.54B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56.35M | 60.62M | 60.76M | 61.10M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | 110.77M | 101.40M | 132.73M | 89.47M | 86.76M | 213.24M | 190.03M | 159.28M | 245.57M | 145.82M | 236.49M | 265.00M | - | 280.97M | 309.40M | 410.92M | 335.10M |
| Investing Cash Flow | -398.99M | -286.04M | -203.82M | -341.00M | -100.79M | -157.15M | -129.16M | -90.97M | -173.77M | -345.53M | -342.43M | -254.54M | -385.97M | - | -523.41M | -628.34M | -780.25M | -726.43M |
| Financing Cash Flow | 269.29M | 187.04M | 138.93M | 225.34M | -21.94M | 61.12M | -101.20M | 46.63M | 43.54M | -67.88M | 251.13M | -5.76M | 503.48M | - | 126.27M | 379.96M | 287.92M | 465.75M |
| Capital Expenditure | - | - | - | -269.68M | -233.02M | -204.63M | -158.78M | -152.45M | -151.93M | -259.23M | -258.52M | -279.99M | -320.74M | - | -563.48M | -618.38M | -487.68M | -619.78M |
| Free Cash Flow | - | - | - | -136.94M | -143.55M | -117.87M | 54.45M | 37.58M | 7.36M | -13.66M | -112.70M | -43.49M | -55.73M | - | -282.50M | -308.98M | -76.76M | -284.68M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -116.16M | 61.02M | -81.42M | 74.41M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 17.96M | 0 | 0 | - |
| Dividends Paid | - | - | - | - | - | 3.60M | - | - | 25.70M | 20.50M | 26.80M | 22.40M | 22.50M | 27.00M | 27.10M | 28.40M | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 26.7% | 25.7% | 30.0% | 36.4% | 36.7% | 40.9% | 38.7% | 37.6% | - | - | - | 36.6% | 31.8% | 31.0% | 27.6% |
| Operating Margin % | - | - | - | 14.5% | -31.9% | 18.2% | 25.6% | 27.6% | 30.5% | 29.6% | 25.7% | - | - | - | 25.4% | 20.5% | 20.2% | 18.5% |
| Net Margin % | - | - | - | -10.1% | -42.5% | 7.7% | 9.7% | 20.1% | 13.4% | 19.1% | 13.6% | - | - | - | 9.0% | 15.0% | 14.1% | 12.5% |
| ROE % | - | 7.3% | 4.0% | -4.7% | -30.6% | 5.6% | 7.0% | 12.1% | 8.2% | 10.9% | 7.4% | 6.3% | 4.7% | - | 3.5% | 5.4% | 5.1% | 4.9% |
| ROCE % | - | 3.9% | 1.2% | 2.9% | -8.5% | 4.9% | 7.5% | 7.9% | 8.9% | 8.8% | 6.7% | 6.7% | 5.9% | - | 4.4% | 3.6% | 3.5% | 3.3% |
Shareholding Pattern
Insiders
0.42%
Institutions
90.28%
Public Float
90.66%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 15.55% | 9.56M | $1.31B |
| 2 | Vanguard Portfolio Management LLC | 4.88% | 3.00M | $411.44M |
| 3 | Vanguard Capital Management LLC | 4.27% | 2.63M | $360.42M |
| 4 | State Street Corporation | 3.97% | 2.44M | $334.68M |
| 5 | Clal Insurance Enterprises Holdings Ltd | 3.13% | 1.93M | $264.18M |
| 6 | Dimensional Fund Advisors LP | 3.11% | 1.91M | $262.56M |
| 7 | Geode Capital Management, LLC | 2.96% | 1.82M | $249.99M |
| 8 | Global Alpha Capital Management Ltd. | 2.92% | 1.79M | $245.83M |
| 9 | Canada Pension Plan Investment Board | 2.59% | 1.59M | $218.73M |
| 10 | Neuberger Berman Group, LLC | 2.13% | 1.31M | $179.97M |
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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