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Home CompaniesOrmat Technologies Inc

Ormat Technologies Inc

Utilities Utilities - Renewable
PortfolioPortfolio WatchlistWatchlist
Company price
91.9 USD -1.08 ( 1.16%)
Last update at 2026-11-06T21:00:00Z
VOLUME
940545
Market Cap
5608.52M
P/E
44.71

Momentum Score

…

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.

Source: TradingView
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Day Price Range
90.69
Low
93.75
High
52 Week Price Range
91.11
Low
146.23
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Ormat Technologies develops, builds and operates geothermal and recovered-energy power plants and manufactures related equipment, with operations in the U.S. and internationally. Long-term growth drivers include global decarbonization boosting demand for baseload renewable power, expansion of geothermal capacity, long-term power purchase agreements and recurring services and technology licensing, which may support stable cash flows and visibility for investors.
Key investment risks include geothermal resource and project execution risk, capital intensity and financing exposure, sensitivity to wholesale power prices and regulatory or policy changes in core markets.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
92.98
Dividend Yield
0.52%
Revenue TTM
1188.44M
Revenue Per Share
19.48
Gross Profit TTM
331.93M
Debt / Equity
1.12
ROE
4.78%
Net Debt
2576.09M
ROCE
4.51%
Diluted EPS TTM
2.04

Insight News

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 106.71M 114.95M 139.12M 95.61M 103.55M
Minority interest -3.09M -7.51M -7.82M -11.95M 13.98M
Net income 123.90M 123.73M 124.40M 65.84M 62.09M
Selling general administrative 79.59M 80.12M 68.18M 61.27M 75.90M
Selling and marketing expenses 18.90M 17.69M 18.31M 16.19M 15.20M
Gross profit 272.69M 272.62M 264.02M 268.82M 264.34M
Reconciled depreciation 292.12M 262.86M 216.24M 198.79M 182.97M
Ebit 248.56M 249.41M 237.97M 24.08M 17.71M
Ebitda 536.06M 512.27M 462.76M 222.87M 200.68M
Depreciation and amortization 287.50M 262.86M 224.80M 198.79M 182.97M
Non operating income net other - - - 27.48M 14.23M
Operating income 182.74M 172.47M 166.59M 24.08M 17.71M
Other operating expenses 806.81M 707.18M 662.84M 547.88M 493.98M
Interest expense 141.85M 134.03M 98.88M 87.74M 82.66M
Tax provision -20.28M -16.29M -10.98M 14.74M 24.85M
Interest income 6.01M 7.88M 10.86M 3.42M 95.25M
Net interest income -135.84M -126.15M -86.06M -84.33M -80.53M
Non recurring - - - 33.48M -
Income tax expense -20.28M -16.29M 5.98M 14.74M 24.85M
Total revenue 989.54M 879.65M 829.42M 734.16M 663.08M
Total operating expenses 89.95M 100.15M 97.43M 82.55M 95.23M
Cost of revenue 716.86M 607.03M 565.41M 465.33M 398.75M
Total other income expense net -76.03M -57.52M -27.46M 71.53M 85.84M
Net income from continuing ops 126.99M 131.24M 114.53M 77.80M 65.92M
Net income applicable to common shares 123.90M 123.73M 124.40M 65.84M 62.09M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 6246.51M 5666.22M 5208.28M 4611.58M 4425.68M
Intangible assets 274.55M 301.74M 307.61M 333.85M 363.31M
Other current assets 40.14M 170.55M 133.56M 160.38M 35.92M
Total liab 3555.23M 3105.84M 2756.69M 2581.01M 2417.89M
Total stockholder equity 2543.94M 2425.13M 2315.43M 1867.57M 1855.00M
Deferred long term liab - - - - 84.66M
Other current liab 86.59M 70.83M 63.45M 71.87M 68.02M
Common stock 0.06M 0.06M 0.06M 0.06M 0.06M
Capital stock 0.06M 0.06M 0.06M 0.06M 0.06M
Retained earnings 909.34M 814.52M 719.89M 623.91M 585.21M
Other liab - - - 370.09M 572.91M
Good will 168.24M 151.02M 90.54M 90.33M 89.95M
Other assets 276.65M 0.00M 197.20M 201.13M 222.37M
Cash 280.87M 94.39M 195.81M 95.87M 239.28M
Cash and equivalents 147.45M 94.39M 195.81M 95.87M 239.28M
Total current liabilities 738.39M 598.08M 537.01M 343.91M 544.16M
Current deferred revenue 37.34M 49.20M 19.44M 8.79M 9.25M
Net debt 2576.09M 2357.43M 1919.34M 1956.84M 1695.30M
Short term debt 490.47M 340.65M 303.82M 185.70M 391.72M
Short long term debt 483.82M 335.64M 299.18M 181.77M 386.38M
Short long term debt total 2856.96M 2451.83M 2115.15M 2052.71M 1934.57M
Other stockholder equity 1636.67M 1617.28M 1596.81M 1241.11M 1271.92M
Property plant equipment 4767.19M 4292.43M 3841.48M 3413.87M 3042.23M
Total current assets 597.77M 547.12M 646.00M 456.72M 601.93M
Long term investments 162.11M 144.59M 125.44M 115.69M 105.89M
Net tangible assets - - - 1452.99M 1401.73M
Short term investments - -111.38M - 0.00M 43.34M
Net receivables 231.49M 244.09M 271.60M 177.64M 150.78M
Long term debt 2333.87M 2087.12M 1789.30M 1844.96M 1280.00M
Inventory 45.27M 38.09M 45.04M 22.83M 28.45M
Accounts payable 123.99M 124.70M 140.69M 77.55M 75.16M
Noncontrolling interest in consolidated entity - - - 153.40M 143.46M
Accumulated other comprehensive income -2.13M -6.73M -1.33M 2.50M -2.19M
Common stock total equity - - - 0.06M 0.06M
Retained earnings total equity - - - 623.91M 585.21M
Treasury stock - - - -17.96M -
Non currrent assets other 62.74M 75.38M 44.63M 39.76M 78.92M
Non current assets total 5648.74M 5119.10M 4562.28M 4154.86M 3823.75M
Capital lease obligations 39.26M 29.06M 26.67M 25.98M 26.17M
Long term debt total 2130.08M 1872.18M 1570.92M 1621.46M 1284.36M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -0.21M -780.25M -612.00M 38.30M -50.20M
Change to liabilities - - - -7.08M -25.09M
Total cashflows from investing activities -726.43M -780.25M -628.34M -523.41M -638.19M
Net borrowings 361.20M 328.01M 60.81M 198.87M -1.34M
Total cash from financing activities 465.75M 287.92M 379.96M 126.27M 186.38M
Change to operating activities - - - 1.56M -26.22M
Net income 123.90M 123.73M 124.40M 77.80M 76.08M
Change in cash 75.09M -82.00M 61.09M -116.77M -193.33M
Begin period cash flow 205.77M 287.77M 226.68M 343.44M 536.78M
End period cash flow 280.87M 205.77M 287.77M 226.68M 343.44M
Total cash from operating activities 335.10M 410.92M 309.40M 280.97M 258.82M
Issuance of capital stock 0.00M 0.00M 341.67M 0.00M 0.31M
Depreciation 292.12M 270.61M 230.96M 198.79M 182.97M
Other cashflows from investing activities -18.01M -17.95M -10.18M 1.77M -168.72M
Dividends paid 29.07M 29.11M 28.41M 27.14M 26.99M
Change to inventory -7.18M 6.95M -22.20M 5.61M 4.13M
Change to account receivables -44.67M -10.47M -99.60M -19.93M 26.74M
Sale purchase of stock 0.00M 0.00M 113.15M -17.96M 275.00M
Other cashflows from financing activities 154.43M -10.98M 5.90M 578.65M 34.29M
Change to netincome - - - 33.44M 8.61M
Capital expenditures 619.78M 487.68M 618.38M 563.48M 419.27M
Change receivables - - - -19.93M 26.74M
Cash flows other operating - - - -12.90M -18.59M
Exchange rate changes - - - - -0.35M
Cash and cash equivalents changes - - - -116.16M -193.33M
Change in working capital -61.35M -1.49M -44.49M -21.98M -4.37M
Stock based compensation 19.39M 20.20M 15.48M 11.65M 9.17M
Other non cash items -5.79M -5.03M 6.52M 46.02M 6.53M
Free cash flow -284.68M -76.76M -308.98M -282.50M -160.45M

Peer Comparison*

Sector: Utilities Industry: Utilities - Renewable

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
ORA
Ormat Technologies Inc		 -1.08
1.16%		 91.90 44.71 34.01 4.72 2.18 7.20 15.29
DNNGY
Orsted A/S ADR		 0.10
1.39%		 7.30 83.60 25.45 0.46 1.47 3.58 11.21
OEZVY
Verbund AG ADR		 -
-%		 15.38 10.72 13.53 2.57 3.06 2.51 6.50
FOJCF
Fortum Oyj		 -
-%		 26.74 26.44 18.35 4.62 2.14 4.15 15.15
AXICY
AXIA Energia SA		 0.33
3.92%		 8.75 10.18 20.75 0.55 1.00 3.90 16.47

Profile*

Ormat Technologies Inc

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.

6884 Sierra Center Parkway, Reno, NV, United States, 89511-2210

775 356 9029

https://www.ormat.com

1648

Name Title Year Born
Ms. Liza Tavori Sr. VP of HR NA
Mr. Doron Blachar Chief Exec. Officer 1968
Mr. Shlomi Argas Pres and Head of Operations & Products 1965
Mr. Assaf Ginzburg Chief Financial Officer 1975
Mr. Shimon Hatzir Exec. VP of Electricity Segment 1962
Mr. Ofer Benyosef Exec. VP of Energy Storage & Bus. Devel. 1964
Ms. Smadar Lavi VP, Head of Investor Relations & ESG Planning and Reporting NA
Ms. Jessica Woelfel Gen. Counsel, Chief Compliance Officer & Corp. Sec. 1977
Ms. Etty Rosner Sr. VP of Contract Management 1956
Mr. Bob Sullivan Exec. VP of Bus. Devel. 1963

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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