With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation ('REG'), with robust plan to accelerate long-term growth in the energy segment market to establish leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter - a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed to utilities and developers worldwide, totaling approximately 3,200 MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company activity into the energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat's current 932 MW of geothermal and Solar generating portfolio is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe and its 73 MW energy storage portfolio is located in the U.S.

Company profile
Ticker
ORA
Exchange
Website
CEO
Doron Blachar
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Ormat Nevada Inc. • Ormat International Inc. • Ormat Systems Ltd. • OFC 2, LLC • ORNI 39, LLC • ORNI 41, LLC • Orpd, LLC • Opal Geo, LLC • OrLeaf, LLC • Ormat Holding Corporation ...
IRS number
880326081
ORA stock data
Analyst ratings and price targets
Latest filings (excl ownership)
ARS
2022 FY
Annual report to shareholders
28 Mar 23
DEFA14A
Additional proxy soliciting materials
28 Mar 23
DEF 14A
Definitive proxy
28 Mar 23
8-K
Entry into a Material Definitive Agreement
16 Mar 23
424B5
Prospectus supplement for primary offering
16 Mar 23
424B5
Prospectus supplement for primary offering
14 Mar 23
8-K
Departure of Directors or Certain Officers
27 Feb 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Ormat Technologies Reports Fourth Quarter and Year-end 2022 Financial Results
23 Feb 23
8-K
Entry into a Material Definitive Agreement
18 Nov 22
Transcripts
ORA
Earnings call transcript
2022 Q4
23 Feb 23
ORA
Earnings call transcript
2022 Q3
3 Nov 22
ORA
Earnings call transcript
2022 Q2
7 Aug 22
ORA
Earnings call transcript
2022 Q1
3 May 22
ORA
Earnings call transcript
2021 Q4
24 Feb 22
ORA
Earnings call transcript
2021 Q3
6 Nov 21
ORA
Earnings call transcript
2021 Q2
7 Aug 21
ORA
Earnings call transcript
2021 Q1
9 May 21
ORA
Earnings call transcript
2020 Q4
27 Feb 21
ORA
Earnings call transcript
2020 Q3
4 Nov 20
Financial summary
Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 226.68 mm | 226.68 mm | 226.68 mm | 226.68 mm | 226.68 mm | 226.68 mm |
Cash burn (monthly) | 8.79 mm | 9.73 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 26.09 mm | 28.90 mm | n/a | n/a | n/a | n/a |
Cash remaining | 200.58 mm | 197.78 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 22.8 | 20.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
29.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 291 |
Opened positions | 49 |
Closed positions | 35 |
Increased positions | 113 |
Reduced positions | 82 |
13F shares | Current |
---|---|
Total value | 3.49 tn |
Total shares | 48.81 mm |
Total puts | 480.20 k |
Total calls | 285.60 k |
Total put/call ratio | 1.7 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 7.88 mm | $681.89 bn |
IX Orix | 6.68 mm | $608.66 mm |
Vanguard | 4.83 mm | $417.39 bn |
Clal Insurance Enterprises | 2.15 mm | $185.49 bn |
Global Alpha Capital Management | 1.92 mm | $168.09 bn |
STT State Street | 1.81 mm | $156.51 bn |
Impax Asset Management | 1.80 mm | $155.26 bn |
Amundi | 1.57 mm | $136.25 bn |
Dimensional Fund Advisors | 1.36 mm | $117.14 bn |
Migdal Insurance & Financial | 1.14 mm | $98.50 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Mar 23 | Blachar Doron | RSU Common stock | Grant | Acquire A | No | No | 0 | 9,009 | 0.00 | 9,009 |
21 Mar 23 | Ginzburg Assi | RSU Common stock | Grant | Acquire A | No | No | 0 | 4,254 | 0.00 | 4,254 |
21 Mar 23 | Ofer Benyosef | RSU Common stock | Grant | Acquire A | No | No | 0 | 2,502 | 0.00 | 2,502 |
21 Mar 23 | Shimon Hatzir | RSU Common stock | Grant | Acquire A | No | No | 0 | 3,503 | 0.00 | 3,503 |
21 Mar 23 | Jessica Woelfel | RSU Common stock | Grant | Acquire A | No | No | 0 | 2,252 | 0.00 | 2,252 |
News
Analyst Expectations for Ormat Technologies's Future
27 Mar 23
Citigroup Maintains Neutral on Ormat Technologies, Lowers Price Target to $88
27 Mar 23
Ormat Technologies Earnings Perspective: Return On Capital Employed
3 Mar 23
Ormat Technologies's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
2 Mar 23
Benzinga's Top Ratings Upgrades, Downgrades For March 1, 2023
1 Mar 23
Press releases
Ormat Announces Pricing of Public Offering of Common Stock
14 Mar 23
Ormat Announces Launch of Public Offering of Common Stock
14 Mar 23
Ormat Technologies Reports Fourth Quarter and Year-End 2022 Financial Results
22 Feb 23
Ormat Technologies, Inc. To Host Conference Call Announcing Fourth Quarter and Year End 2022 Financial Results
25 Jan 23
Geothermal heating demand is surging in Europe undergoing an energy crisis
25 Jan 23