ORA - Ormat Technologies Inc Stock Price, Fair Value and News

70.63USD+0.34 (+0.48%)Market Closed

Market Summary

USD70.63+0.34

Market Closed

0.48%

ORA Stock Price

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ORA RSI Chart

ORA Valuation

Market Cap

4.3B

Price/Earnings (Trailing)

31.86

Price/Sales (Trailing)

4.91

EV/EBITDA

8.53

Price/Free Cashflow

-17.3

ORA Price/Sales (Trailing)

ORA Profitability

EBT Margin

15.71%

Return on Equity

5.41%

Return on Assets

2.43%

Free Cashflow Yield

-5.78%

ORA Fundamentals

ORA Revenue

Revenue (TTM)

868.4M

Rev. Growth (Yr)

21.02%

Rev. Growth (Qtr)

-7.12%

ORA Earnings

Earnings (TTM)

134.0M

Earnings Growth (Yr)

32.93%

Earnings Growth (Qtr)

8.01%

Breaking Down ORA Revenue

Last 7 days

4.4%

Last 30 days

9.8%

Last 90 days

9.8%

Trailing 12 Months

-15.8%

How does ORA drawdown profile look like?

ORA Financial Health

Current Ratio

1.12

ORA Investor Care

Dividend Yield

0.68%

Dividend/Share (TTM)

0.48

Shares Dilution (1Y)

1.20%

Diluted EPS (TTM)

2.22

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	868.4M	0	0	0
2023	735.7M	761.4M	793.6M	829.4M
2022	680.4M	702.6M	719.7M	734.2M
2021	679.6M	651.6M	651.5M	663.1M
2020	739.1M	730.0M	718.4M	705.3M
2019	734.3M	740.0M	744.1M	746.0M
2018	686.9M	685.9M	695.2M	719.3M
2017	700.9M	720.4M	693.0M	692.8M
2016	626.0M	645.4M	667.1M	662.6M
2015	537.3M	550.2M	572.8M	594.6M
2014	556.8M	531.7M	541.2M	559.5M
2013	494.0M	520.0M	518.4M	533.2M
2012	471.5M	493.6M	515.1M	507.4M
2011	388.4M	396.7M	406.1M	437.0M
2010	395.4M	392.1M	374.6M	373.2M
2009	0	366.6M	389.3M	412.0M
2008	0	0	0	343.9M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Ormat Technologies Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 09, 2024	granot david	acquired	-	-	1,447	-
May 09, 2024	wong byron g.	acquired	-	-	1,447	-
May 09, 2024	corfee karin	acquired	-	-	1,447	-
May 09, 2024	angel isaac	acquired	-	-	2,170	-
May 09, 2024	sharir dafna	acquired	-	-	1,447	-
May 09, 2024	stern stanley	acquired	-	-	1,447	-
May 09, 2024	marom michal	acquired	-	-	1,447	-
Mar 28, 2024	stern stanley	sold	-122,184	66.95	-1,825	-
Mar 21, 2024	blachar doron	acquired	-	-	2,252	chief executive officer
Mar 21, 2024	woelfel jessica	acquired	-	-	563	gc, cco, and cs

Which funds bought or sold ORA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	Pacer Advisors, Inc.	reduced	-0.87	-82,125	529,652	-%
May 10, 2024	WealthCollab, LLC	unchanged	-	-4,771	32,897	0.02%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	6.66	-144,104	1,958,960	-%
May 10, 2024	VANGUARD GROUP INC	added	1.2	-46,884,000	356,670,000	0.01%
May 10, 2024	PRINCIPAL SECURITIES, INC.	reduced	-16.67	-1,114	2,979	-%
May 10, 2024	Kepos Capital LP	reduced	-3.03	-40,000	223,000	0.06%
May 10, 2024	NICOLA WEALTH MANAGEMENT LTD.	added	4.55	-290,020	3,044,740	0.30%
May 10, 2024	Edgestream Partners, L.P.	added	178	2,213,600	3,761,910	0.19%
May 10, 2024	DIMENSIONAL FUND ADVISORS LP	added	8.61	-4,902,970	90,316,700	0.02%
May 10, 2024	BlackRock Inc.	reduced	-5.53	-124,540,000	587,323,000	0.01%

Are Funds Buying or Selling ORA?

Are funds buying ORA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ORA

No. of Funds

Unveiling Ormat Technologies Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 07, 2024	blackrock inc.	14.7%	8,847,797	SC 13G/A
Feb 13, 2024	vanguard group inc	8.82%	5,324,598	SC 13G/A
Jan 31, 2024	migdal insurance & financial holdings ltd.	6.36%	3,566,159	SC 13G
Jan 29, 2024	blackrock inc.	6.9%	9,426,911	SC 13G/A
Dec 06, 2023	blackrock inc.	6.7%	9,271,477	SC 13G/A
Feb 13, 2023	clal insurance enterprises holdings ltd	4.8%	2,668,191	SC 13G/A
Feb 09, 2023	vanguard group inc	8.61%	4,826,487	SC 13G/A
Jan 27, 2023	blackrock inc.	14.1%	7,934,264	SC 13G/A
Jan 26, 2023	migdal insurance & financial holdings ltd.	6.91%	3,873,929	SC 13G
Jan 23, 2023	blackrock inc.	14.2%	7,983,559	SC 13G/A

Recent SEC filings of Ormat Technologies Inc

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 10, 2024	S-8	Employee Benefits Plan
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading

Peers (Alternatives to Ormat Technologies Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CPK	2.5T	698.2M	8.39%	-12.53%	25.4K	3.5K	3.29%	8.78%
AEP	48.2B	19.3B	11.47%	-0.15%	17.12	2.5	-2.13%	41.75%
AWK	26.1B	4.3B	14.82%	-10.63%	27.19	6.05	10.78%	15.26%
AEE	19.9B	7.3B	3.82%	-15.07%	17.22	2.74	-10.88%	5.77%
ATO	17.6B	4.1B	2.07%	-2.35%	17.56	4.33	-11.13%	20.48%
NRG	17.2B	28.5B	11.51%	151.42%	10.45	0.6	-9.05%	188.86%
AGR	14.4B	8.3B	4.34%	-9.07%	16.18	1.75	0.05%	30.98%
AES	14.2B	12.5B	18.52%	-8.98%	-2.2K	1.13	-3.77%	98.49%
MID-CAP
PNW	8.7B	4.7B	6.58%	-4.73%	16.22	1.86	4.84%	12.15%
ALE	3.7B	1.7B	8.90%	2.57%	15.29	2.13	-1.93%	32.23%
AVA	3.0B	1.9B	12.53%	-13.08%	15.93	1.59	9.47%	35.66%
SMALL-CAP
CWCO	448.0M	180.2M	14.96%	60.81%	15.07	2.49	91.50%	388.02%
CDZI	167.7M	2.0M	7.76%	-40.48%	-5.33	83.41	33.96%	-26.84%
VIA	35.4M	415.8M	0.46%	-13.52%	1.49	0.09	-11.16%	525.10%
CREG	8.0M	-	-23.48%	-36.08%	-10.77	12.3	-88.45%	83.25%

Ormat Technologies Inc News

Latest updates

Ormat Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-7.1%	224	241	208	195	185	205	176	169	184	191	159	147	166	179	159	175	192	192	170	184	199
Gross Profit	0.5%	79.00	78.00	60.00	49.00	76.00	80.00	61.00	58.00	70.00	76.00	63.00	52.00	74.00	75.00	54.00	65.00	82.00	75.00	55.00	65.00	74.00
S&GA Expenses	19.0%	5.00	4.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	4.00	3.00	4.00	4.00	4.00	4.00	5.00	5.00	4.00	4.00	3.00	4.00
R&D Expenses	-36.2%	2.00	2.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	1.00	1.00	1.00
EBITDA Margin	-1.6%	0.55*	0.56*	0.52*	0.53*	0.54*	0.52*	0.57*	0.57*	0.57*	0.56*	0.55*	0.57*	-	-	-	-	-	-	-	-	-
Interest Expenses	20.0%	31.00	26.00	25.00	24.00	24.00	24.00	22.00	20.00	21.00	23.00	22.00	19.00	19.00	19.00	22.00	20.00	17.00	18.00	20.00	22.00	21.00
Income Taxes	-101.8%	-0.15	8.00	-7.13	-3.96	9.00	-8.78	7.00	6.00	10.00	16.00	2.00	4.00	3.00	22.00	15.00	12.00	18.00	25.00	10.00	-3.53	14.00
Earnings Before Taxes	-19.4%	39.00	49.00	30.00	19.00	42.00	13.00	28.00	23.00	32.00	42.00	22.00	19.00	20.00	45.00	40.00	35.00	49.00	41.00	24.00	31.00	41.00
EBT Margin	-6.3%	0.16*	0.17*	0.13*	0.13*	0.14*	0.13*	0.17*	0.17*	0.17*	0.16*	0.16*	0.19*	-	-	-	-	-	-	-	-	-
Net Income	8.0%	39.00	36.00	35.00	24.00	29.00	18.00	18.00	11.00	18.00	19.00	15.00	13.00	15.00	21.00	16.00	23.00	26.00	13.00	16.00	34.00	26.00
Net Income Margin	2.9%	0.15*	0.15*	0.13*	0.12*	0.10*	0.09*	0.09*	0.09*	0.10*	0.09*	0.10*	0.10*	-	-	-	-	-	-	-	-	-
Free Cashflow	138.8%	12.00	-30.45	-142	-85.79	-50.42	-80.37	-53.98	-92.68	-55.47	-16.82	-34.59	-90.07	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	5.9%	5,517	5,208	5,011	5,011	5,015	4,612	4,525	4,542	4,414	4,426	4,359	3,819	3,859	3,889	3,521	3,418	3,446	3,250	3,259	3,194	3,143
Current Assets	-5.7%	609	646	516	686	811	457	475	586	508	602	635	588	725	779	533	517	584	416	432	412	422
Cash Equivalents	2.9%	202	196	78.00	275	415	96.00	155	263	130	239	268	250	377	448	197	174	231	71.00	98.00	111	79.00
Inventory	19.6%	54.00	45.00	45.00	38.00	45.00	23.00	30.00	32.00	33.00	28.00	27.00	29.00	38.00	35.00	34.00	39.00	34.00	35.00	39.00	39.00	43.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,963	1,963
Goodwill	66.9%	151	91.00	90.00	90.00	90.00	90.00	90.00	90.00	91.00	90.00	91.00	66.00	24.00	25.00	24.00	20.00	20.00	20.00	20.00	20.00	20.00
Liabilities	9.9%	3,030	2,757	2,596	2,594	2,669	2,581	2,524	2,554	2,390	2,418	2,377	1,849	1,900	1,938	1,940	1,852	1,903	1,726	1,746	1,693	1,672
Current Liabilities	1.7%	546	537	540	383	391	344	372	353	584	544	534	246	254	249	236	405	567	376	353	277	268
Short Term Borrowings	-100.0%	-	20.00	35.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53.00	61.00
Shareholder's Equity	7.0%	2,477	2,315	2,279	2,407	2,337	1,868	1,992	1,979	2,015	1,998	1,972	1,960	1,950	1,941	1,575	1,557	1,534	1,515	1,505	1,492	1,463
Retained Earnings	4.4%	751	720	691	663	646	624	613	601	597	585	573	565	559	550	535	525	508	488	481	471	443
Additional Paid-In Capital	0.3%	1,620	1,615	1,611	1,609	1,560	1,259	1,256	1,253	1,275	1,272	1,270	1,267	1,265	1,262	920	917	915	913	911	906	904
Shares Outstanding	0.1%	60.00	60.00	60.00	60.00	60.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	-	-	-	-	-	-	-	-	-
Minority Interest	-0.9%	124	126	126	153	152	153	146	147	144	143	139	135	133	135	132	128	125	123	124	122	123
Float	-	-	-	-	4,311	-	-	-	3,522	-	-	-	3,127	-	-	-	2,545	-	-	-	2,528	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-17.2%	115,209	139,145	39,751	74,049	56,456	74,727	90,957	33,514	81,776	114,031	45,947	29,920	68,924	26,115	84,536	74,598	79,756	35,041	45,373	78,642	77,437
Share Based Compensation	12.4%	4,769	4,243	3,934	4,311	2,990	3,017	2,816	2,999	2,814	2,328	2,120	2,623	2,097	2,770	2,807	2,264	1,989	2,127	2,228	2,643	2,360
Cashflow From Investing	-122.0%	-377,834	-170,177	-183,224	-163,765	-111,177	-153,829	-144,541	-85,704	-139,332	-128,248	-255,433	-137,038	-117,474	-92,999	-133,943	-78,207	-80,820	-61,527	-78,843	-63,224	-50,944
Cashflow From Financing	106.9%	273,944	132,396	-65,519	-37,294	350,381	52,673	-49,410	167,731	-44,721	1,373	235,988	-28,169	-22,807	313,486	88,570	-66,673	168,095	-1,118	32,979	-6,587	-31,039
Dividend Payments	-100.0%	-	7,223	7,228	7,229	6,732	6,966	6,719	6,731	6,727	7,104	6,716	6,448	6,718	5,579	5,559	5,719	5,614	5,612	5,606	5,589	5,579
Buy Backs	-	-	-	-	-	-	-	-	18,000	-	-	-	-	-	-	-	-	-	-	-	-	-

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ORA Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenues:

Revenue

^[1]

$ 829,424

$ 734,159

$ 663,084

Cost of revenues:

Cost of revenues

565,406

465,335

398,746

Gross profit

264,018

268,824

264,338

Operating expenses:

Research and development expenses

7,215

5,078

4,129

Selling and marketing expenses

18,306

16,193

15,199

General and administrative expenses

68,179

61,274

75,901

Impairment of long-lived assets

32,648

Write-off of unsuccessful exploration activities

3,733

828

Business interruption insurance income

(248)

Operating income

166,585

152,803

169,357

Other income (expense):

Interest income

11,983

3,417

2,124

Interest expense, net

(98,881)

(87,743)

(82,658)

Derivatives and foreign currency transaction gains (losses)

(3,278)

(6,044)

(14,720)

Income attributable to sale of tax benefits

61,157

33,885

29,582

Other non-operating income (expense), net

1,519

(709)

(134)

Income from operations before income tax and equity in earnings (losses) of investees

139,085

95,609

103,551

Income tax (provision) benefit

(5,983)

(14,742)

(24,850)

Equity in earnings (losses) of investees

(3,072)

(2,624)

Net income

133,137

77,795

76,077

Net income attributable to noncontrolling interest

(8,738)

(11,954)

(13,985)

Net income attributable to the Company's stockholders

124,399

65,841

62,092

Comprehensive income:

Net income

133,137

77,795

76,077

Other comprehensive income (loss), net of related taxes:

Change in foreign currency translation adjustments

1,257

(2,486)

(3,236)

Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of unconsolidated investment that qualifies as a cash flow hedge

(470)

8,370

3,892

Change in unrealized gains or losses in respect of a cross currency swap derivative instrument that qualifies as a cash flow hedge (net of related tax of $1,511 and $464, respectively)

(4,237)

(1,825)

2,379

Change in unrealized gains or losses on marketable securities available-for-sale (net of related tax)

(40)

Other changes in comprehensive income

228

Comprehensive income

129,740

81,953

79,300

Comprehensive income attributable to noncontrolling interest

(9,173)

(11,421)

(12,779)

Comprehensive income attributable to the Company's stockholders

$ 120,567

$ 70,532

$ 66,521

Earnings per share attributable to the Company's stockholders:

Basic: (in dollars per share)

$ 2.09

$ 1.17

$ 1.11

Diluted: (in dollars per share)

$ 2.08

$ 1.17

$ 1.1

Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:

Basic (in shares)

59,424

56,063

56,004

Diluted (in shares)

59,762

56,503

56,402

Electricity [Member]

Revenues:

Revenue

$ 666,767

$ 631,727

$ 585,771

Cost of revenues:

Cost of revenues

422,549

380,361

337,019

Product [Member]

Revenues:

Revenue

133,763

71,414

46,920

Cost of revenues:

Cost of revenues

115,802

60,479

41,374

Energy Storage and Management Services [Member]

Revenues:

Revenue

28,894

31,018

30,393

Cost of revenues:

Cost of revenues

$ 27,055

$ 24,495

$ 20,353

[1]	Revenues as reported in the geographic area in which they originate.

ORA Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Current assets:

Cash and cash equivalents

$ 195,808

$ 95,872

Restricted cash and cash equivalents (primarily related to VIEs)

91,962

130,804

Receivables:

Trade less allowance for credit losses of $90 and $90, respectively (primarily related to VIEs)

208,704

128,818

Other

44,530

32,415

Inventories

45,037

22,832

Costs and estimated earnings in excess of billings on uncompleted contracts

^[1]

18,367

16,405

Prepaid expenses and other

41,595

29,571

Total current assets

646,003

456,717

Investment in unconsolidated companies

125,439

115,693

Deposits and other

44,631

39,762

Deferred income taxes

152,570

161,365

Property, plant and equipment, net

2,998,949

2,493,457

Construction-in-process

814,967

893,198

Operating leases right of use

24,057

23,411

Finance leases right of use

3,510

3,806

Intangible assets, net

307,609

333,845

Goodwill

90,544

90,325

Total assets

^[2],[3]

5,208,279

4,611,579

Current liabilities:

Accounts payable and accrued expenses

214,518

149,423

Commercial paper (less deferred financing costs of $29)

99,971

Billings in excess of costs and estimated earnings on uncompleted contracts

18,669

8,785

Current portion of long-term debt:

Limited and non-recourse (primarily related to VIEs):

57,207

64,044

Full recourse

116,864

101,460

Financing liability

^[4]

5,141

16,270

Operating lease liabilities

3,329

2,347

Finance lease liabilities

1,313

1,581

Total current liabilities

537,012

343,910

Long-term debt, net of current portion:

Financing liability

^[4]

220,619

225,759

Operating lease liabilities

19,790

19,788

Finance lease liabilities

2,238

2,262

Liability associated with sale of tax benefits

184,612

166,259

Deferred income taxes

66,748

83,465

Liability for unrecognized tax benefits

8,673

6,559

Liabilities for severance pay

11,844

12,833

Asset retirement obligation

114,370

97,660

Other long-term liabilities

22,107

3,317

Total liabilities

2,756,693

2,581,014

Commitments and contingencies (Note 20)

Redeemable noncontrolling interest

10,599

9,590

Equity:

Common stock, par value $0.001 per share; 200,000,000 shares authorized; 60,358,887 and 56,095,918 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively

Additional paid-in capital

1,614,769

1,259,072

Treasury stock, at cost (258,667 shares held as of December 31, 2023 and 2022, respectively)

(17,964)

Retained earnings

719,894

623,907

Accumulated other comprehensive gain (loss)

(1,332)

2,500

Total stockholders' equity attributable to Company's stockholders

2,315,427

1,867,571

Noncontrolling interest

125,560

153,404

Total equity

2,440,987

2,020,975

Total liabilities, redeemable noncontrolling interest and equity

5,208,279

4,611,579

Senior Secured Notes [Member]

Long-term debt, net of current portion:

Limited and non-recourse (primarily related to VIEs and less deferred financing costs of $7,889 and $10,272, respectively)

447,389

521,885

Senior Unsecured Bonds [Member]

Long-term debt, net of current portion:

Full recourse (less deferred financing costs of $3,056 and $2,995, respectively)

698,187

676,512

Convertible Senior Notes [Member]

Long-term debt, net of current portion:

Convertible senior notes (less deferred financing costs of $8,146 and $10,445, respectively)

423,104

420,805

Revolving Credit Facility [Member]

Current liabilities:

Short term revolving credit lines with banks (full recourse)

$ 20,000

$ 0

[1]	Contract assets and contract liabilities are presented as "Costs and estimated earnings in excess of billings on uncompleted contracts" and "Billings in excess of costs and estimated earnings on uncompleted contracts", respectively, on the consolidated balance sheets. The contract liabilities balance at the beginning of the year was partially recognized as product revenues during the year ended December 31, 2022 as a result of performance obligations that were partially satisfied.
[2]	Electricity segment assets include goodwill in the amount of $85.9 million , $85.7 million and $85.3 million as of December 31, 2023, 2022 and 2021, respectively, $66.2 million of which was added in the third quarter of 2021 as a result of the Terra-Gen Transaction as further described under Note 2 to the consolidated financial statements. Energy Storage segment assets include goodwill in the amount of $4.6 million , $4.6 million and $4.6 million as of December 31, 2023, 2022 and 2021, respectively. No goodwill is included in the Product segment assets as of December 31, 2023, 2022 and 2021.
[3]	Including unconsolidated investments
[4]	the amounts presented exclude deferred financing costs, if any

About Ormat Technologies Inc

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, 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, recovered energy-based electricity generation; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

WEBSITE	ormat.com
INDUSTRY	Utilities Regulated Electric
EMPLOYEES	1480

Ormat Technologies Inc Frequently Asked Questions

What is the ticker symbol for Ormat Technologies Inc? What does ORA stand for in stocks?

ORA is the stock ticker symbol of Ormat Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ormat Technologies Inc (ORA)?

As of Mon May 13 2024, market cap of Ormat Technologies Inc is 4.27 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ORA stock?

You can check ORA's fair value in chart for subscribers.

What is the fair value of ORA stock?

You can check ORA's fair value in chart for subscribers. The fair value of Ormat Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ormat Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ORA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ormat Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether ORA is over valued or under valued. Whether Ormat Technologies Inc is cheap or expensive depends on the assumptions which impact Ormat Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ORA.

What is Ormat Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, ORA's PE ratio (Price to Earnings) is 31.86 and Price to Sales (PS) ratio is 4.91. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ORA PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Ormat Technologies Inc's stock?

In the past 10 years, Ormat Technologies Inc has provided 0.103 (multiply by 100 for percentage) rate of return.