Ormat Technologies (ORA)
Develops geothermal power plants, supplies generation equipment, and operates grid-scale battery storage.
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Develops and operates geothermal, solar, recovered-energy, and battery-storage assets while selling proprietary power-generation equipment and turnkey plant services. Vertical integration connects its Organic Rankine Cycle technology with resource development, construction, and power-plant operations.
Develops, builds, owns, and operates geothermal, solar, and recovered-energy power plants, selling their output through the Electricity segment. The Product segment designs and manufactures Ormat Energy Converters and supplies equipment and engineering, procurement, and construction services for geothermal and waste-heat projects. Energy Storage owns grid-connected battery systems that sell energy, capacity, and ancillary services.
Vertical integration links proprietary Organic Rankine Cycle equipment with resource exploration, plant engineering, construction, and operations. Owned generation is concentrated in the United States, with geothermal plants in Kenya, Guatemala, Guadeloupe, Honduras, and Indonesia; Product sales are mostly international.
Electricity revenue depends on geothermal-resource performance, power purchasers, long-term contracts, transmission access, and regulatory approvals. Storage combines contracted tolling revenue with merchant-market exposure, while Product revenue depends on project awards and delivery schedules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Jefferies | Reiterate | Rating: —Target: $130 | Target: $117 |
| Sep 9, 2026 | Oppenheimer | Reiterate | Rating: —Target: $141 | Target: $145 |
| Sep 4, 2026 | Morgan Stanley | Upgrade | Rating: — | |
| Sep 4, 2026 | Citigroup | Initiate | Rating: — | |
| Sep 4, 2026 | UBS | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $513.7M · Total debt $3.41B · Total assets $6.79B · Shareholders' equity $2.60B
- Revenue
- $258.8M
- Operating income
- $34.2M
- Net income
- $27.1M
HistoryDividendAnnual yield
| Institutions | 89.14% | 54.82M shares | |
|---|---|---|---|
| 458 holders · as of Jun 30, 2026 | |||
| Insiders | 0.22% | 136.1K shares | |
| 12 holders · as of Jul 2, 2026 | |||
| Strategic holders | 8.06% | 4.96M shares | |
| 2 holders · as of Sep 16, 2026 | |||
| Other | 2.58% | 1.58M shares | |
| remainder | |||
61.50M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.38% | 8.23M | as of Jun 30, 2026 |
Phoenix Financial Ltd.Strategic | 5.31% | 3.26M | filed Sep 16, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.98% | 3.06M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.34% | 2.67M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.09% | 2.51M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Aron John Willis | officer: EVP, Electricity Segment | −451 | $106.64 |
| May 27, 2026 | Stanley Stern | director | −250 | $138.42 |
| May 13, 2025 | David Granot | director | −950 | $73.10 |
| May 21, 2026 | David Granot | director | −1,766 | $134.43 |
| May 20, 2026 | David Granot | director | −1,753 | $132.70 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ormat Technologies | $97.22 | +0.73% | $5.93B | 47.5 | 51.6 | 5.0 | +10.6% |
| NextEra Energy | $79.61 | −0.03% | $166.11B | 17.9 | 19.6 | 5.7 | +12.5% |
| Brookfield Renewable Partners | $29.84 | +0.40% | $9.09B | 64.6 | — | 1.4 | +1.1% |
| Fluence Energy | $7.21 | −2.50% | $1.36B | — | — | 0.5 | +7.9% |
| AES | $14.84 | +0.07% | $10.58B | 5.6 | 7.7 | 0.8 | +19.9% |
| Mercury General | $97.89 | −2.44% | $5.56B | 5.9 | 8.2 | 0.9 | +5.5% |
| Median | 11.9 | 8.2 | 0.9 | +7.9% |