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Ormat Technologies Inc (ORA)


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Upturn Advisory Summary
10/20/2025: ORA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $103
1 Year Target Price $103
3 | Strong Buy |
2 | Buy |
4 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 30.09% | Avg. Invested days 53 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.64B USD | Price to earnings Ratio 50.16 | 1Y Target Price 103 |
Price to earnings Ratio 50.16 | 1Y Target Price 103 | ||
Volume (30-day avg) 9 | Beta 0.69 | 52 Weeks Range 61.30 - 111.08 | Updated Date 10/20/2025 |
52 Weeks Range 61.30 - 111.08 | Updated Date 10/20/2025 | ||
Dividends yield (FY) 0.44% | Basic EPS (TTM) 2.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 14.49% | Operating Margin (TTM) 13.7% |
Management Effectiveness
Return on Assets (TTM) 1.74% | Return on Equity (TTM) 5.3% |
Valuation
Trailing PE 50.16 | Forward PE 38.17 | Enterprise Value 8685815763 | Price to Sales(TTM) 7.33 |
Enterprise Value 8685815763 | Price to Sales(TTM) 7.33 | ||
Enterprise Value to Revenue 9.58 | Enterprise Value to EBITDA 16.3 | Shares Outstanding 60464803 | Shares Floating 57568278 |
Shares Outstanding 60464803 | Shares Floating 57568278 | ||
Percent Insiders 0.46 | Percent Institutions 93.25 |
Upturn AI SWOT
Ormat Technologies Inc

Company Overview
History and Background
Ormat Technologies Inc. was founded in 1965 in Israel and has evolved from developing ORC (Organic Rankine Cycle) technology for geothermal energy to becoming a global leader in geothermal power generation and energy storage. It has expanded its operations and technology through innovation and acquisitions.
Core Business Areas
- Electricity: Owns and operates geothermal power plants, selling electricity under long-term PPAs (Power Purchase Agreements).
- Product: Designs, manufactures, and sells geothermal power plants and related equipment.
- Energy Storage: Developing and deploying energy storage solutions.
Leadership and Structure
Doron Blachar is the CEO. The company has a board of directors and operates with a functional organizational structure supporting its diverse business segments.
Top Products and Market Share
Key Offerings
- Geothermal Power Plants: ORMATu2019s Geothermal Power Plants convert geothermal energy into electricity. Market share data varies, but they are considered a leader in the geothermal space. Competitors include Turboden and GE.
- Geothermal Turbines: ORMAT supplies geothermal turbines to other geothermal developers. Data is not readily available but it is estimated they are a top 3 leader. Competitors include Turboden and GE.
- Energy Storage Solutions: ORMAT offers energy storage solutions, contributing to grid stability and renewable energy integration. The market share of the product is growing. Competitors include Fluence, Tesla, and Eaton.
Market Dynamics
Industry Overview
The renewable energy industry, especially geothermal, is growing due to increasing demand for clean energy, government incentives, and technological advancements.
Positioning
Ormat is a vertically integrated company, giving it a competitive advantage in developing, owning, and operating geothermal plants and providing equipment. They also have a strong history in the space with long standing contracts.
Total Addressable Market (TAM)
The TAM for geothermal is estimated in billions. Ormat is well-positioned to capture a significant portion of the geothermal market through its expertise and integrated model and is expanding to energy storage to grow the TAM.
Upturn SWOT Analysis
Strengths
- Vertically integrated model
- Proprietary ORC technology
- Strong track record in geothermal development
- Long-term PPAs providing stable revenue streams
- Global presence
Weaknesses
- High capital expenditure requirements
- Geographic limitations for geothermal resources
- Exposure to regulatory and permitting delays
- Dependence on geothermal resources
Opportunities
- Expansion into new geothermal markets
- Development of energy storage solutions
- Increased government incentives for renewable energy
- Technological advancements in geothermal drilling and extraction
- Growing demand for reliable renewable energy
Threats
- Competition from other renewable energy sources
- Fluctuations in energy prices
- Geopolitical risks in certain operating regions
- Changes in government regulations and policies
- Environmental concerns related to geothermal development
Competitors and Market Share
Key Competitors
- FSLR
- SEDG
- ENPH
Competitive Landscape
Ormat's competitive advantages include its vertically integrated model and proprietary technology, but faces competition from larger renewable energy companies and other geothermal developers.
Major Acquisitions
Viridity Energy Solutions Inc.
- Year: 2017
- Acquisition Price (USD millions): 35
- Strategic Rationale: Expanded Ormatu2019s energy storage capabilities and market presence.
Growth Trajectory and Initiatives
Historical Growth: Experienced steady growth in revenue and profitability over the past decade, driven by expansion of geothermal capacity and successful project development.
Future Projections: Analysts project continued growth driven by renewable energy demand, with expansion into energy storage.
Recent Initiatives: Acquisition of energy storage company, expansion into new geothermal markets, and technological upgrades to existing power plants.
Summary
Ormat Technologies is a strong player in the geothermal energy sector with a vertically integrated model and proprietary technology, yet high capital requirements and geographical limitations pose challenges. The company is well-positioned for future growth due to increasing renewable energy demand and is expanding into energy storage solutions, but faces competition and regulatory hurdles. Overall, the company needs to stay nimble with regulation changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Ormat Technologies Inc. Investor Relations
- SEC Filings
- Analyst Reports
- Industry Reports
Disclaimers:
This analysis is based on publicly available information and analyst estimates. Actual results may vary. This is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ormat Technologies Inc
Exchange NYSE | Headquaters Reno, NV, United States | ||
IPO Launch date 2004-11-11 | CEO - | ||
Sector Utilities | Industry Utilities - Renewable | Full time employees 1512 | Website https://www.ormat.com |
Full time employees 1512 | Website https://www.ormat.com |
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 provides battery energy storage systems and related services. 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.

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