YOLFTbeta
Ormat Technologies Inc

Ormat Technologies Inc

ORA · NYSE · Utilities / Utilities - Renewable

90.45USD+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close90.45
Open90.17
Day Range88.45 – 90.72
52-Week Range90.12 – 146.23
Volume710.40K
Market Cap5.56B
P/E (TTM)44.29
Forward P/E35.84
EPS2.04
Dividend Yield0.51%
Beta0.90
50-Day Avg102.61
200-Day Avg114.47

About

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.

Company Details

  • SectorUtilities
  • IndustryUtilities - Renewable
  • CEOMr. Doron Blachar
  • Employees1.65K
  • Headquarters6884 Sierra Center Parkway, Reno, NV, United States, 89511-2210, USA
  • Websitehttps://www.ormat.com

Leadership

  • Mr. Doron BlacharChief Executive Officer · b. 1968
  • Mr. Assaf Ginzburg CPAChief Financial Officer · b. 1975
  • Ms. Jessica Woelfel J.D.General Counsel, Chief Compliance Officer & Corporate Secretary · b. 1977
  • Mr. Ofer Ben YosefExecutive Vice President of Energy Storage & Business Development · b. 1964
  • Mr. Aron John WillisExecutive Vice President of Electricity Segment · b. 1975
  • Ms. Nirit GrushkoExecutive VP & Chief Technology Officer
  • Ms. Smadar LaviVP, Head of Investor Relations & ESG Planning and Reporting
  • Ms. Liza TavoriExecutive VP & CHRO
  • Mr. Elad ZalkinExecutive Vice President of Projects, Engineering & QEHS
  • Mr. Daniel MoelkExecutive Vice president of Subsurface, Wells & NextGen

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue47.91M85.63M119.44M219.23M237.99M268.94M295.92M344.83M415.24M373.23M437.01M514.41M533.24M559.52M594.64M662.59M692.81M719.27M746.04M705.34M663.08M734.16M829.42M879.65M989.54M
Growth (%)-+78.71%+39.49%+83.55%+8.56%+13.00%+10.03%+16.53%+20.42%-10.12%+17.09%+17.71%+3.66%+4.93%+6.28%+11.43%+4.56%+3.82%+3.72%-5.46%-5.99%+10.72%+12.98%+6.06%+12.49%
Cost of Revenue29.99M50.77M76.22M136.08M148.85M175.57M216.73M242.81M292.61M295.60M320.11M379.98M373.42M355.77M376.37M391.80M424.36M448.83M476.72M429.07M398.75M465.33M565.41M607.03M716.86M
Gross Profit17.93M34.85M43.22M83.15M89.14M93.37M79.19M102.03M122.64M77.63M116.90M134.43M159.82M203.75M218.28M270.80M268.45M270.44M269.32M276.27M264.34M268.82M264.02M272.62M272.69M
Gross Margin37.41%40.70%36.19%37.93%37.46%34.72%26.76%29.59%29.53%20.80%26.75%26.13%29.97%36.42%36.71%40.87%38.75%37.60%36.10%39.17%39.86%36.62%31.83%30.99%27.56%
Operating Expense13.71M14.63M17.73M20.71M25.23M31.44M35.72M41.42M53.87M54.06M52.89M289.51M62.86M60.26M54.22M68.91M63.43M85.33M75.53M62.26M94.98M116.02M97.43M100.15M89.95M
Operating Income4.22M20.23M25.49M62.44M63.91M61.93M43.46M60.61M68.77M23.57M64.01M-155.09M96.96M143.49M164.06M201.88M205.02M185.11M193.80M214.01M169.36M152.80M166.59M172.47M182.74M
Operating Margin8.80%23.62%21.34%28.48%26.85%23.03%14.69%17.58%16.56%6.31%14.65%-30.15%18.18%25.65%27.59%30.47%29.59%25.74%25.98%30.34%25.54%20.81%20.08%19.61%18.47%
EBITDA16.20M35.03M41.96M100.83M87.70M112.89M99.14M122.07M71.78M159.26M174.22M-43.63M217.84M143.49M272.46M306.65M332.45M336.18M366.45M403.28M369.18M382.14M462.76M512.27M536.06M
EBITDA Margin33.80%40.91%35.13%45.99%36.85%41.98%33.50%35.40%17.29%42.67%39.87%-8.48%40.85%25.65%45.82%46.28%47.99%46.74%49.12%57.18%55.68%52.05%55.79%58.24%54.17%
Net Income-6.41M-1.04M15.45M17.79M15.18M34.45M27.38M49.83M68.85M37.32M-43.06M-207.07M41.24M54.18M119.57M93.93M170.73M97.97M88.09M85.46M62.09M65.84M124.40M123.73M123.90M
Net Income Margin-13.38%-1.22%12.94%8.12%6.38%12.81%9.25%14.45%16.58%10.00%-9.85%-40.25%7.73%9.68%20.11%14.18%24.64%13.62%11.81%12.12%9.36%8.97%15.00%14.07%12.52%
R&D1.73M1.50M1.39M2.17M3.04M2.98M3.66M4.59M10.50M10.12M8.80M6.11M4.96M783.00K1.78M2.76M3.16M4.18M4.65M5.39M4.13M5.08M7.21M6.50M6.30M
R&D as % of Total Revenue3.61%1.76%1.16%0.99%1.28%1.11%1.24%1.33%2.53%2.71%2.01%1.19%0.93%0.14%0.30%0.42%0.46%0.58%0.62%0.76%0.62%0.69%0.87%0.74%0.64%
Interest Expense008.05M42.78M55.32M30.96M014.95M16.24M40.47M69.46M64.07M73.78M84.65M72.58M67.39M54.14M70.92M80.38M77.95M82.66M87.74M98.88M134.03M141.85M
Interest Expense % of Total Revenue0.00%0.00%6.74%19.52%23.24%11.51%0.00%4.33%3.91%10.84%15.89%12.45%13.84%15.13%12.21%10.17%7.81%9.86%10.77%11.05%12.47%11.95%11.92%15.24%14.34%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-287.38M547.54M850.09M914.48M1.16B1.27B1.64B1.86B2.04B2.31B2.04B2.16B2.12B2.29B2.46B2.57B3.12B3.25B3.89B4.43B4.61B5.21B5.67B6.25B
Total Liabilities-258.81M503.90M682.11M732.16M719.24M591.44M674.02M943.31M1.10B1.41B1.34B1.41B1.33B1.21B1.29B1.28B1.68B1.74B1.94B2.42B2.58B2.76B3.11B3.56B
Total Equity-26.03M41.52M167.91M182.26M440.79M618.08M846.43M906.97M939.13M906.64M694.47M732.74M774.92M990.00M1.08B1.20B1.32B1.39B1.81B1.85B1.87B2.32B2.43B2.54B
Cash-36.68M8.87M36.75M26.98M20.25M47.23M34.39M46.31M82.81M99.89M66.63M57.35M40.23M185.92M230.21M47.82M98.80M71.17M448.25M239.28M95.87M195.81M94.39M280.87M
Total Debt-160.81M437.49M556.32M541.70M429.85M348.67M412.85M624.44M789.67M1.03B1.03B1.08B1.00B920.47M938.84M913.60M1.27B1.27B1.48B1.93B2.05B2.12B2.45B2.86B
Net Debt-124.12M428.62M519.57M514.72M409.60M301.44M378.46M578.13M706.85M397.41M964.30M1.02B961.18M734.55M708.63M865.78M1.17B1.20B1.04B1.70B1.96B1.92B2.36B2.58B

Cash Flow

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow11.54M46.02M63.46M134.94M73.03M58.73M116.95M110.77M101.40M132.73M89.47M86.76M213.24M190.03M159.28M245.57M145.82M236.49M265.00M258.82M280.97M309.40M410.92M335.10M
Investing Cash Flow-60.52M-285.18M-310.58M-83.41M-249.15M-116.31M-398.99M-286.04M-203.82M-341.00M-100.79M-157.15M-129.16M-90.97M-158.53M-368.12M-342.43M-254.54M-385.97M-638.19M-523.41M-628.34M-780.25M-726.43M
Financing Cash Flow72.51M211.35M275.00M-61.30M169.39M84.56M269.29M187.04M138.93M225.34M-21.94M61.12M-101.20M46.63M43.54M-59.85M251.13M-5.76M503.48M186.38M126.27M379.96M287.92M465.75M
Capital Expenditure22.71M25.30M38.12M116.75M159.50M217.51M416.61M270.62M284.79M271.46M233.02M204.63M151.15M152.95M151.93M260.10M258.52M279.99M320.74M419.27M563.48M618.38M487.68M619.78M
Free Cash Flow-11.16M20.72M25.34M18.19M-86.46M-158.78M-299.66M-159.85M-183.38M-138.73M-143.55M-117.87M62.08M37.08M7.36M-14.53M-112.70M-43.49M-55.73M-160.45M-282.50M-308.98M-76.76M-284.68M
Dividends Paid-6.36M2.50M6.29M5.22M8.56M8.91M11.35M12.26M5.92M3.64M3.64M9.55M12.72M25.68M20.51M26.83M22.39M22.47M26.99M27.14M28.41M29.11M29.07M
FCF to OCF-96.71%45.03%39.93%13.48%-118.38%-270.38%-256.23%-144.31%-180.84%-104.52%-160.44%-135.86%29.11%19.51%4.62%-5.92%-77.29%-18.39%-21.03%-61.99%-100.54%-99.86%-18.68%-84.95%
Dividend Paid to FCF-30.67%9.87%34.60%-6.04%-5.39%-2.97%-7.10%-6.69%-4.27%-2.53%-3.08%15.39%34.30%349.18%-141.19%-23.81%-51.47%-40.32%-16.82%-9.61%-9.20%-37.92%-10.21%

Earnings

Report DateMar 23, 2005May 11, 2005Aug 11, 2005Nov 9, 2005Mar 7, 2006May 9, 2006Aug 6, 2006Nov 7, 2006Feb 27, 2007May 8, 2007Aug 8, 2007Nov 6, 2007Feb 27, 2008May 6, 2008Aug 5, 2008Nov 5, 2008Feb 25, 2009May 11, 2009Aug 5, 2009Nov 4, 2009Feb 24, 2010May 5, 2010Aug 4, 2010Nov 2, 2010Feb 22, 2011May 4, 2011Aug 3, 2011Nov 2, 2011Feb 23, 2012May 8, 2012Aug 1, 2012Nov 6, 2012Feb 27, 2013May 7, 2013Aug 7, 2013Nov 5, 2013Feb 25, 2014May 8, 2014Aug 5, 2014Nov 5, 2014Feb 24, 2015May 6, 2015Aug 3, 2015Nov 3, 2015Feb 23, 2016May 4, 2016Aug 2, 2016Nov 7, 2016Feb 28, 2017May 8, 2017Aug 3, 2017Nov 7, 2017Mar 1, 2018May 7, 2018Aug 7, 2018Nov 6, 2018Feb 26, 2019May 6, 2019Aug 7, 2019Nov 6, 2019Feb 25, 2020May 11, 2020Aug 4, 2020Nov 3, 2020Feb 24, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Feb 23, 2022May 2, 2022Aug 3, 2022Nov 2, 2022Feb 22, 2023May 9, 2023Aug 2, 2023Nov 8, 2023Feb 21, 2024May 8, 2024Aug 6, 2024Nov 6, 2024Feb 19, 2025May 7, 2025Aug 6, 2025Nov 3, 2025Feb 25, 2026May 6, 2026Aug 5, 2026Nov 2, 2026
EPS Estimate0.090.080.120.330.090.170.180.380.230.230.210.310.170.180.240.340.250.250.280.380.310.030.110.330.12-0.010.020.150.130.080.120.210.010.070.200.320.150.230.280.330.380.390.360.520.440.350.420.490.440.640.560.480.570.570.450.420.570.490.340.340.520.510.380.260.340.370.220.210.320.330.200.260.480.570.350.380.560.610.380.310.500.590.380.380.650.900.290.28
EPS Actual0.190.120.130.39-0.160.250.240.390.12-0.150.220.410.220.240.280.390.260.320.350.520.35-0.04-0.020.210.10-0.200.180.270.400.180.210.23-4.910.260.460.280.250.470.310.360.160.210.320.460.460.590.570.560.560.690.580.421.290.480.320.310.420.510.400.300.240.530.450.310.390.420.230.320.410.350.220.330.730.510.400.470.670.650.400.420.720.680.480.410.671.300.50-
Surprise111.11%50.00%8.33%18.18%-277.78%47.06%33.33%2.63%-47.83%-165.22%4.76%32.26%29.41%33.33%16.67%14.71%4.00%28.00%25.00%36.84%12.90%-233.33%-118.18%-36.36%-16.67%-1900.00%800.00%80.00%207.69%125.00%75.00%9.52%-49200.00%271.43%130.00%-12.50%66.67%104.35%10.71%9.09%-57.89%-46.15%-11.11%-11.54%4.55%68.57%35.71%14.29%27.27%7.81%3.57%-12.50%126.32%-15.79%-28.89%-26.19%-26.32%4.08%17.65%-11.76%-53.85%3.92%18.42%19.23%14.71%13.51%4.55%52.38%28.13%6.06%10.00%26.92%52.08%-10.53%14.29%23.68%19.64%6.56%5.26%35.48%42.94%15.25%26.32%7.89%3.24%44.44%72.41%-
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Key Statistics & Ratios

Market Cap5.56B
Enterprise Value8.88B
Trailing P/E44.29
Forward P/E35.84
PEG Ratio3.59
Price / Sales4.68
Price / Book2.30
EPS2.04
Book Value42.24
Revenue (TTM)1.19B
Gross Profit (TTM)331.93M
EBITDA526.01M
Profit Margin10.66%
Operating Margin13.60%
Return on Equity4.78%
Return on Assets2.04%
Shares Outstanding61.50M
Shares Float61.33M
Beta0.90
Dividend Yield0.51%
Dividend Rate0.48
Payout Ratio16.67%

Analyst Ratings

Buy
Based on 11 analystsTarget 132.42
  • Strong Buy
    5
  • Buy
    3
  • Hold
    3

Ownership Breakdown

Institutions
96.65%
Insiders
0.42%
Retail / Other
2.93%

Top Institutional Holders

  • BlackRock Inc
    9.56M15.54%
  • Vanguard Portfolio Management, LLC
    3.00M4.88%
  • Vanguard Capital Management, LLC
    2.63M4.27%
  • State Street Corp
    2.44M3.97%
  • Dimensional Fund Advisors, Inc.
    1.93M3.15%
  • Clal Insurance Enterprises Holdings Ltd
    1.93M3.13%
  • Geode Capital Management, LLC
    1.82M2.96%
  • Canada Pension Plan Investment Board
    1.59M2.59%
  • Global Alpha Capital Management Ltd.
    1.36M2.21%
  • Neuberger Berman Group LLC
    1.31M2.13%
  • Migdal Insurance & Financial Holdings Ltd
    1.20M1.95%
  • Harel Insurance Invests & Fin Srvcs Ltd
    1.15M1.87%
  • UBS Group AG
    1.10M1.78%
  • Amvescap Plc.
    934.04K1.52%
  • Y.D. More Investments Ltd
    880.43K1.43%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    2.15M3.50%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.86M3.02%
  • iShares Russell 2000 ETF
    1.60M2.60%
  • Vanguard Small Cap Index
    1.34M2.19%
  • Invesco S&P MidCap Momentum ETF
    776.10K1.26%

Dividends

20263×
0.12Aug 19, 20260.12May 20, 20260.12Mar 10, 2026
20254×
0.12Nov 17, 20250.12Aug 20, 20250.12May 21, 20250.12Mar 12, 2025
20244×
0.12Nov 20, 20240.12Aug 20, 20240.12May 21, 20240.12Mar 5, 2024
20234×
0.12Nov 21, 20230.12Aug 15, 20230.12May 22, 20230.12Mar 7, 2023
20224×
0.12Nov 15, 20220.12Aug 16, 20220.12May 13, 20220.12Mar 8, 2022
20214×
0.12Nov 16, 20210.12Aug 17, 20210.12May 17, 20210.12Mar 10, 2021
20201×
0.11Nov 17, 2020