Stock ORA ORMAT TECHNOLOGIES, INC.
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Company Ormat Technologies, Inc.

Equities

ORA

US6866881021

Electric Utilities

Real-time Estimate Cboe BZX
Other stock markets
 12:09:09 2024-04-26 pm EDT 		5-day change 1st Jan Change
63.1 USD -1.06% Intraday chart for Ormat Technologies, Inc. -1.25% -16.93%
Mar. 04 Ormat Technologies, Inc. Signs PPA for a New Geothermal Power Plant in Guadeloupe with Electricité de France CI
Feb. 22 Transcript : Ormat Technologies, Inc., Q4 2023 Earnings Call, Feb 22, 2024

Business Summary

Ormat Technologies, Inc. is a geothermal company that is engaged in geothermal and recovered energy generation (REG). 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. It owns or has installed for utilities and developers worldwide, totaling approximately 3,200 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Electricity segment develops, builds, owns, and operates geothermal and solar Photovoltaic (PV). Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation. Energy Storage segment owns and operates a grid connected In Front of the Meter (IFM) Battery Energy Storage System (BESS) facilities. Its portfolio includes 1,385 MW with 1,215 MW geothermal and solar generation.

Number of employees: 1,576

Sales per Business

USD in Million2022Weight2023Weight Delta
Electricity
80.4 %
632 86.0 % 667 80.4 % +5.55%
Product
16.1 %
71 9.7 % 134 16.1 % +87.31%
Energy Storage
3.5 %
31 4.2 % 29 3.5 % -6.85%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
61.5 %
484 65.9 % 510 61.5 % +5.32%
Kenya
13.2 %
106 14.4 % 109 13.2 % +3.19%
New Zealand
8.0 %
17 2.3 % 67 8.0 % +288.36%
Other Foreign Countries
6.4 %
46 6.3 % 53 6.4 % +14.24%
Honduras
3.8 %
34 4.6 % 32 3.8 % -6.64%
Guatemala
3.6 %
29 3.9 % 30 3.6 % +4.66%
Indonesia
3.2 %
16 2.1 % 27 3.2 % +71.02%
Turkey
0.3 %
2 0.3 % 2 0.3 % +25.91%

Managers

Managers TitleAgeSince
Doron Blachar CEO
 Chief Executive Officer 55 13-04-01
Isaac Angel CHM
 Chairman 67 14-03-31
Assi Ginzburg DFI
 Director of Finance/CFO 49 20-04-30
Jessica Woelfel CMP
 Compliance Officer 47 18-12-31
Shimon Hatzir CTO
 Chief Tech/Sci/R&D Officer 62 04-06-30
Smadar Lavi IRC
 Investor Relations Contact - -
Ofer Ben-Yosef PRN
 Corporate Officer/Principal 60 20-12-31
Bob Sullivan PRN
 Corporate Officer/Principal 60 02-12-31

Members of the board

Members of the board TitleAgeSince
Stanley Stern BRD
 Director/Board Member 67 15-11-15
Isaac Angel CHM
 Chairman 67 14-03-31
Dafna Sharir BRD
 Director/Board Member 54 18-04-30
David Granot BRD
 Director/Board Member 77 12-05-21
Michal Marom Brikman BRD
 Director/Board Member 54 22-06-01
Hidetake Takahashi BRD
 Director/Board Member 53 20-06-02
Karin Corfee BRD
 Director/Board Member 63 22-06-01
Byron G. Wong BRD
 Director/Board Member 72 17-07-25
Mike Nikkel BRD
 Director/Board Member 59 21-05-04

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 60,640,205 60,124,716 ( 99.15 %) 258,667 ( 0.4266 %) 99.15 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
12.45 %
7,512,275 12.45 % 497 M $
ORIX CORPORATION
11.06 %
6,676,077 11.06 % 442 M $
Vanguard Fiduciary Trust Co.
8.822 %
5,324,628 8.822 % 352 M $
Impax Asset Management (AIFM) Ltd.
4.371 %
2,638,182 4.371 % 175 M $
Global Alpha Capital Management Ltd.
3.833 %
2,313,856 3.833 % 153 M $
CPR Asset Management SA
3.589 %
2,166,085 3.589 % 143 M $
STATE STREET CORPORATION
3.336 %
2,013,559 3.336 % 133 M $
CLAL INSURANCE ENTERPRISES HOLDINGS LTD.
3.275 %
1,976,919 3.275 % 131 M $
BlackRock Life Ltd.
2.757 %
1,663,796 2.757 % 110 M $
Dimensional Fund Advisors LP
2.081 %
1,256,304 2.081 % 83 M $

Company contact information

Ormat Technologies, Inc.

6140 Plumas Street

89519-6075, Reno

+775 356 9029

http://www.ormat.com
address Ormat Technologies, Inc.(ORA)

Group companies

NameCategory and Sector
Ormat Systems Ltd.
Logo Ormat Systems Ltd.

Ormat Systems Ltd.

Engineering & ConstructionIndustrial Services

Part of Ormat Technologies, Inc., Ormat Systems Ltd. is an Israeli company that engages in designing and building geothermal power plants. The private company is based in Yavne, Israel. Doron Blachar has been the CEO of the company since 2020.

Engineering & Construction

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Alternative Electric Utilities

Sales per Business

Sales per region

Ratings for Ormat Technologies, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
63.78 USD
Average target price
76.71 USD
Spread / Average Target
+20.28%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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