ORMAT TECH INC (ORA)
Utilities · Geothermal and renewable energy generation · NYSE
A vertically integrated renewable energy company generating baseload power from geothermal, solar, and recovered energy sources with expanding energy storage capabilities.
What ORMAT TECH INC does
Ormat Technologies is a leading vertically integrated renewable energy company primarily engaged in developing, building, owning and operating geothermal power plants globally, along with solar PV generation and recovered energy systems. The company operates through three segments: Electricity (selling power from geothermal, solar PV and recovered energy plants), Product (designing and manufacturing geothermal equipment and providing EPC services), and Energy Storage (owning and operating grid-connected battery storage facilities). Ormat is advancing emerging geothermal technologies including Enhanced Geothermal Systems (EGS) and expanding into complementary renewable energy solutions including hybrid projects and standalone battery storage.
Themes: ["Geothermal energy generation","Renewable energy baseload power","Enhanced Geothermal Systems (EGS)","Energy storage / battery systems","Solar PV generation","Hybrid renewable energy systems","Climate change mitigation","Global geothermal development"]
Fundamentals
- Price$110.37 as of 2026-07-09 close
- Market cap$6.8B as of 2026-07-10
- 1-year return+25.2% as of 2026-07-09 close
- P/E53.77 as of 2026-07-10
- Net margin+10.9% as of 2026-07-10
- Gross margin+33.5% as of 2026-07-10
- ROE+5.0% as of 2026-07-10
- Debt / equity1.23 as of 2026-07-10
- Revenue growth (YoY)+10.3% as of 2026-07-10
- Revenue CAGR (3y)+6.5% SEC XBRL
- Beta0.91 as of 2026-07-10
Dividend: yield +0.4%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Geothermal resource exploration risk: Development of new geothermal plants and emerging EGS technologies depends on successful identification and confirmation of geothermal resources, which carries inherent exploration and technical risk.","Commodity power price exposure: Revenues from electricity generation are exposed to wholesale power market price fluctuations, particularly for non-contracted energy storage output sold in merchant markets.","Regulatory and permitting risk: Development of geothermal and renewable projects requires federal, state and local permits and approvals, and changes in energy policy or environmental regulations could impact project viability and profitability."]
Competitors & peers
- NextEra Energy (NEE)
- Duke Energy (DUK)
- American Electric Power (AEP)
- Brookfield Renewable (BEP)
- Plug Power (PLUG)
- Sunrun (RUN)
- Vitro Renewable Energy
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.