Ormat Technologies, Inc.
ORA · Price history
Price at last available close
$92.03
+$1.67 (+1.85%) 1M
2026-10-27
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Company & revenue
About Ormat Technologies, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Ormat Technologies, Inc. (ORA) is a global enterprise dedicated to geothermal and recovered energy power solutions, with significant operations in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and various other international locations. The company's operations are divided into three distinct business units: Electricity Generation, Product Manufacturing, and Energy Storage Solutions. The Electricity Generation division handles the full spectrum of power plant development, from designing and constructing to owning and operating facilities that harness geothermal, solar photovoltaic, and recovered energy, subsequently selling the generated power.
How they make money
Ormat Technologies operates as a vertically integrated company that develops, owns, and operates geothermal, recovered energy, and energy storage power plants. It generates revenue primarily through long-term power purchase agreements with utilities and other entities, as well as by designing, manufacturing, and constructing power plants and equipment for third-party customers.
Products & services
The company provides geothermal and recovered energy generation facilities, energy storage solutions, and power generating equipment, utilizing its proprietary Ormat Energy Converter technology.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Disclosed major customers
Customer concentration
The company discloses that a significant portion of its revenues is derived from a limited number of customers, specifically naming utilities in the U.S. and Kenya as of 2025-12-31.
Suppliers, materials & equipment
- Steel and metal component suppliers — The company relies on various suppliers for raw materials and components used in the manufacturing of power plant equipment; specific supplier names are not disclosed.Source
Business relationships & partnerships
- Northleaf Geothermal Holdings, LLC — Holds a 36.75% equity interest in the company's subsidiary ORPD LLC.Source
Competitors
- Calpine Corporation — Competes in the geothermal and renewable energy power generation market.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
24
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
44
Weak
Financial Strength
35
Business Quality / Moat
44
Management
30
Growth Quality
71
Risk / Durability
63
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
26
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
36/100
Building Historical Record
Model Score 36/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •High debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for ORA
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can ORA maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can ORA fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is ORA's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify ORA's current valuation?
- •What does the current high debt stress warning mean for the reliability or interpretation of ORA's score?
Essential Investment Snapshot
Wall Street Score
24
Opportunity Score
26
Market Cap
$5.66B
P/E Ratio
44.4
EPS
$2.08
52-Week High
$146.39
52-Week Low
$87.06
Beta
0.90
Intrinsic Value
$61.20
Analyst Target
$122.00
Shares Outstanding
61.4M
Total Revenue
$1.19B
Total Debt
$3.41B
Dividend Yield (TTM)
0.52%
Liquidation Value / Share
$44.72
Dividend / Share (TTM)
$0.48
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ORA
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on ORA.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Vertical integration across the geothermal value chain.
- +Proprietary Ormat Energy Converter technology.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
24
Oct 1, 2026
Change
-0.1
points
Current Score
24
Oct 12, 2026
Category Changes
ORA decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
26
Projected Change
+2.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$92.03
Model Intrinsic Value
$61.20
Difference
+$30.83
+50.4% vs IV
Margin of Safety
-50.4%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $989.5M | $879.7M | $829.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $856.5M | $716.9M | $607.0M | $565.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $331.9M | $272.7M | $272.6M | $264.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $5.0M | $6.3M | $6.5M | $7.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $112.2M | $98.5M | $97.8M | $86.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $154.7M | $90.0M | $100.1M | $97.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $515.7M | $540.7M | $512.3M | $462.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $177.2M | $182.7M | $172.5M | $166.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $159.6M | $141.9M | $134.0M | $98.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $101.6M | $106.7M | $115.0M | $139.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$26.8M | -$20.3M | -$16.3M | $6.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $126.6M | $123.9M | $123.7M | $124.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $2.08 | $2.04 | $2.05 | $2.09 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 61.48M | 60.70M | 60.45M | 59.42M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 62.53M | 61.36M | 60.79M | 59.76M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$258.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.43
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+24.9%
Cash Change
+480.6%
Margin Change
-1.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 10.6%. EPS declined 6.5%. Cash increased 480.6%. Total debt increased 24.9%. Net income margin declined by 1.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · ORA
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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