with over five decades of experience, ormat technologies, inc. is a leading geothermal company and the only vertically integrated company solely engaged in geothermal and recovered energy generation (reg), with the objective of becoming a leading global provider of renewable energy. 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. with 69 u.s. patents, ormat’s power solutions have been refined and perfected under the most grueling environmental conditions. ormat has 470 employees in the united states and over 600 overseas. ormat’s flexible, modular solutions for geothermal power and reg are ideal for the vast range of resource characteristics. the company has engineered, manufactured and constructed power plants, which it currently owns or has installed to utilities and developers worldwide, totaling o
![Ormat logo](/files/LOGO/1296445-ORA.png)
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
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
18 Jul 24
SD
Conflict minerals disclosure
30 May 24
S-8
Registration of securities for employees
10 May 24
10-Q
2024 Q1
Quarterly report
10 May 24
8-K
Departure of Directors or Certain Officers
9 May 24
8-K
Ormat Technologies Reports First Quarter 2024 Financial Results
8 May 24
ARS
2023 FY
Annual report to shareholders
27 Mar 24
DEFA14A
Additional proxy soliciting materials
27 Mar 24
DEF 14A
Definitive proxy
27 Mar 24
PRE 14A
Preliminary proxy
15 Mar 24
Transcripts
ORA
Earnings call transcript
2024 Q1
9 May 24
ORA
Earnings call transcript
2023 Q4
22 Feb 24
ORA
Earnings call transcript
2023 Q3
9 Nov 23
ORA
Earnings call transcript
2023 Q2
3 Aug 23
ORA
Earnings call transcript
2023 Q2
3 Aug 23
ORA
Earnings call transcript
2023 Q1
23 May 23
ORA
Earnings call transcript
2023 Q1
10 May 23
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
Latest ownership filings
4
Doron Blachar
2 Jul 24
4
STANLEY STERN
7 Jun 24
144
Notice of proposed sale of securities
6 Jun 24
4
STANLEY STERN
4 Jun 24
4
David Granot
31 May 24
4
Michal Marom
31 May 24
4
DAFNA SHARIR
31 May 24
144
Notice of proposed sale of securities
31 May 24
4/A
STANLEY STERN
21 May 24
4
Assi Ginzburg
14 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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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) | 298.96 mm | 298.96 mm | 298.96 mm | 298.96 mm | 298.96 mm | 298.96 mm |
Cash burn (monthly) | (no burn) | 18.61 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 71.96 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 227.00 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 12.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
76.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 272 |
Opened positions | 236 |
Closed positions | 7 |
Increased positions | 15 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 2.61 tn |
Total shares | 46.08 mm |
Total puts | 818.07 k |
Total calls | 2.12 mm |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 8.87 mm | $587.32 bn |
Vanguard | 5.39 mm | $356.67 bn |
Impax Asset Management | 2.72 mm | $179.04 bn |
Global Alpha Capital Management | 2.30 mm | $151.59 bn |
Clal Insurance Enterprises | 2.29 mm | $151.42 mm |
Amundi | 2.19 mm | $143.52 bn |
STT State Street | 2.05 mm | $135.51 bn |
Neuberger Berman | 1.45 mm | $96.09 bn |
Dimensional Fund Advisors | 1.36 mm | $90.32 bn |
Van Berkom & Associates | 1.30 mm | $85.86 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 24 | Blachar Doron | Common Stock, par value $0.001 per share | Option exercise | Acquire M | No | No | 0 | 1,505 | 0.00 | 23,477 |
1 Jul 24 | Blachar Doron | Common Stock, par value $0.001 per share | Option exercise | Acquire M | No | No | 0 | 981 | 0.00 | 21,972 |
1 Jul 24 | Blachar Doron | RSU Common Stock, par value $0.001 per share | Option exercise | Dispose M | No | No | 0 | 1,505 | 0.00 | 0 |
1 Jul 24 | Blachar Doron | RSU Common Stock, par value $0.001 per share | Option exercise | Dispose M | No | No | 0 | 981 | 0.00 | 0 |
6 Jun 24 | Stanley Stern | Common Stock | Sell | Dispose S | No | No | 74.88 | 900 | 67.39 k | 4,759 |
31 May 24 | Stanley Stern | Common Stock | Sell | Dispose S | No | No | 75.69 | 623 | 47.15 k | 5,659 |
30 May 24 | David Granot | Common Stock | Sell | Dispose S | No | No | 73.46 | 686 | 50.39 k | 4,832 |
30 May 24 | Michal Marom | Common Stock | Sell | Dispose S | No | No | 73.46 | 686 | 50.39 k | 2,222 |
News
Ormat Secures 15-Year Resource Adequacy Purchase And Sale Agreement With The City Of Riverside For The 80MW/320MWh Shirk Battery Energy Storage System Located In Visalia, California.
23 Jul 24
JP Morgan Maintains Neutral on Ormat Technologies, Raises Price Target to $75
16 Jul 24
Top 3 Utilities Stocks That May Plunge In Q2
3 Jun 24
UBS Maintains Buy on Ormat Technologies, Raises Price Target to $100
14 May 24
Barclays Maintains Equal-Weight on Ormat Technologies, Lowers Price Target to $73
13 May 24
Press releases
Ormat Secures 15-Year Resource Adequacy Purchase and Sale Agreement With the City of Riverside for the 80MW/320MWh Shirk Energy Storage Facility
23 Jul 24
Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2024 Financial Results
8 Jul 24
Ormat Technologies Announces Upcoming Investor Day
4 Jun 24
Ormat Technologies Reports First Quarter 2024 Financial Results
8 May 24