ORA

Ormat Technologies, Inc.

Fundamental data last updated:November 2, 2026

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company profile

SECTOR

Utilities

industry

Renewable Utilities

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, 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, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

 


VALUATION

P/E

65.56

Market Cap ($M USD)

$8.43B

Forward P/E

21.55

PEG

0.11

PRICE TO SALES

7.25

PRICE TO BOOK

3.25

EV / EBITDA

19.37

5-Year Average P/E

Free Cash Flow Yield

-2.55%

DCF Value

$-148.90

Graham Number

$44.57

Price to FCF

-39.17

EV to FCF

-51.47

Earnings Yield

1.53%

FCF Yield

-2.55%

DIVIDEND

Yield

0.35%

Annual Payout

$0.48

Payout Ratio

22.97%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$2.09

Next Year EPS Growth Estimate

$6.37

Next Year Revenue Growth Estimate

$1.47B

Return on Equity (ROE)

5.04%

FREE CASH FLOW

Operating Margin

15.32%

Debt-to-Equity

1.12

Piotroski F-Score

6

Altman Z-Score

1.78

Return on Invested Capital (ROIC)

3.10%

Current Ratio

1.07

Quick Ratio

1.02

Net Debt to EBITDA

4.63

Interest Coverage

1.17

Gross Profit margin

27.51%

FCF PER SHARE

$-3.53

REVENUE PER SHARE

$19.09

Gainseekers Quantitative Analysis

Summary

The market seems to have missed the mark on Ormat Technologies. With a DCF value significantly below the snapshot price, the stock appears overvalued. The Forward P/E of 19.10 suggests some optimism, but the low Earnings Yield of 1.72% and a troubling Altman Z-score of 1.54 raise red flags about financial stability. Despite a strong EPS growth estimate, the valuation metrics indicate a disconnect between price and intrinsic value. Investors should tread carefully, as the numbers hint at a precarious balance between growth potential and financial health.

AI Exposure / Tech Reliance

Operating in the renewable utilities sector, Ormat Technologies is well-positioned to leverage AI and tech advancements. The industry’s shift towards smart grids and AI-driven energy management systems could enhance operational efficiency. However, the company must innovate to stay ahead in this rapidly evolving landscape.

The Bull Case

For the value-driven investor, Ormat offers intriguing prospects. The Piotroski F-Score of 6 indicates moderate financial health, while a robust operating margin of 15.32% showcases pricing power. Despite a negative FCF Yield, the company's ROIC of 3.10% suggests efficient capital use. These metrics hint at a company with the potential to capitalize on its market position, offering a compelling narrative for those seeking growth at a reasonable price.

The Bear Case

Ormat's structural weaknesses are glaring. The Price/Book ratio of 2.88 and Price/Sales of 6.43 suggest a premium valuation that may not be justified by its fundamentals. The negative FCF Yield and a concerning Net Debt to EBITDA ratio of 6.65 highlight liquidity issues. Trading close to its 52-week high, the stock appears technically overextended, raising questions about its sustainability in the face of financial pressures.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$138.86

Institutional Ownership %

1-Year Beta

0.80

Insider Buying % (6 Mo)

Distance to 52-Week High

3.20%

Distance to 52-Week Low

46.62%

EARNINGS SURPRISE %

41.30%

50-DAY SMA

$118.41

200-DAY SMA

$110.72

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.