ORA Stock Analysis: Ormat Technologies | NYSE
Utilities - Renewable | NYSE, USA | Market Cap: 6.108m USD | 12M Return: 11.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 87.6M
EPS Trend: 79.1%
Qual. Beats: 1
Rev. Trend: 90.0%
Qual. Beats: 4
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ormat Technologies (NYSE: ORA) is a U.S.-headquartered (Reno, Nevada) renewable energy company that operates across the geothermal, solar photovoltaic, and recovered energy value chain. The company has been active in its field since its founding in 1965 and trades as a mid-cap stock in the Utilities sector, specifically within the Renewable Electricity sub-industry.
The business is organized into three segments. The Electricity segment develops, owns, and operates power plants and sells the electricity they produce. The Product segment designs and manufactures equipment and provides engineering, procurement, and construction (EPC) services for geothermal and recovered energy-based power plants. The Energy Storage segment operates In Front of the Meter (IFM) battery energy storage system (BESS) facilities that provide capacity, energy, and ancillary services directly to the electric grid.
Geothermal power is a distinct renewable category because it provides continuous baseload generation, unlike solar or wind, which depend on weather conditions. Ormats recovered energy business captures waste heat from industrial processes, such as gas pipelines, cement plants, and biomass facilities, converting it into electricity and adding an efficiency-focused revenue stream alongside its core geothermal operations.
The company serves a diverse customer base, including contractors, geothermal plant owners, interstate natural gas pipeline operators, gas processing plant operators, cement and biomass facility owners, and other energy-intensive industrial customers. Geographically, Ormat generates revenue from the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, and the Philippines, giving it a notable international footprint relative to many U.S. utilities. Ormat has been publicly listed on the NYSE since its November 2004 IPO.
- Geothermal capacity additions drive Electricity segment revenue growth
- Energy Storage segment scales rapidly on BESS demand and pricing
- Product segment margins pressured by solar and storage cost competition
| Net Income: 127.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 0.13 > 1.0 |
| NWC/Revenue: 5.97% < 20% (prev -2.08%; Δ 8.05% < -1%) |
| CFO/TA 0.05 > 3% & CFO 325.7m > Net Income 127.6m |
| Net Debt (2.70b) to EBITDA (555.1m): 4.86 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (62.0m) vs 12m ago 1.87% < -2% |
| Gross Margin: 27.51% > 18% (prev 30.13%; Δ -2.62% > 0.5%) |
| Asset Turnover: 18.45% > 50% (prev 15.16%; Δ 3.29% > 0%) |
| Interest Coverage Ratio: 1.70 > 6 (EBIT TTM 258.8m / Interest Expense TTM 152.4m) |
| A: 0.01 (Total Current Assets 1.08b - Total Current Liabilities 1.01b) / Total Assets 6.77b |
| B: 0.14 (Retained Earnings 945.9m / Total Assets 6.77b) |
| C: 0.04 (EBIT TTM 258.8m / Avg Total Assets 6.31b) |
| D: 0.63 (Book Value of Equity 2.57b / Total Liabilities 4.05b) |
| Altman-Z'' = 1.46 = BB |
| DSRI: 0.75 (Receivables 237.9m/240.0m, Revenue 1.16b/885.2m) |
| GMI: 1.10 (GM 30.13% / 27.51%) |
| AQI: 0.92 (AQ_t 0.14 / AQ_t-1 0.15) |
| SGI: 1.31 (Revenue 1.16b / 885.2m) |
| TATA: -0.03 (NI 127.6m - CFO 325.7m) / TA 6.77b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of July 29, 2026, the stock is trading at USD 98.47 with a total of 1,060,405 shares traded. Over the past week, the price has changed by -6.31%, over one month by -10.86%, over three months by -12.82% and over the past year by +11.90%.
Current recommended Stop Loss: 93.30 (which is 5.3% or 1.4 ATR below the current price).
Ormat Technologies has received a consensus analysts rating of 4.18. Therefore, it is recommended to buy ORA.
- StrongBuy: 5
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 133.8 | 35.9% |
P/E Trailing = 48.0193
P/E Forward = 51.8135
P/S = 5.2492
P/B = 2.376
P/EG = 5.1771
Revenue TTM = 1.16b USD
EBIT TTM = 258.8m USD
EBITDA TTM = 555.1m USD
Long Term Debt = 2.56b USD (from longTermDebt, last quarter)
Short Term Debt = 816.7m USD (from shortTermDebt, last quarter)
Debt = 3.46b USD (from shortLongTermDebtTotal, last quarter) + Leases 46.4m
Net Debt = 2.70b USD (calculated: Debt 3.46b - CCE 762.9m)
Enterprise Value = 8.80b USD (6.11b + Debt 3.46b - CCE 762.9m)
Interest Coverage Ratio = 1.70 (Ebit TTM 258.8m / Interest Expense TTM 152.4m)
EV/FCF = -40.89x (Enterprise Value 8.80b / FCF TTM -215.3m)
FCF Yield = -2.45% (FCF TTM -215.3m / Enterprise Value 8.80b)
FCF Margin = -18.50% (FCF TTM -215.3m / Revenue TTM 1.16b)
Net Margin = 10.97% (Net Income TTM 127.6m / Revenue TTM 1.16b)
Gross Margin = 27.51% ((Revenue TTM 1.16b - Cost of Revenue TTM 843.6m) / Revenue TTM)
Gross Margin QoQ = 29.80% (prev 28.56%)
Tobins Q-Ratio = 1.30 (Enterprise Value 8.80b / Total Assets 6.77b)
Interest Expense / Debt = 4.41% (Interest Expense 152.4m / Debt 3.46b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 204.4m (EBIT 258.8m * (1 - 21.00%))
Current Ratio = 1.07 (Total Current Assets 1.08b / Total Current Liabilities 1.01b)
Debt / Equity = 1.35 (Debt 3.46b / totalStockholderEquity, last quarter 2.57b)
Debt / EBITDA = 4.86 (Net Debt 2.70b / EBITDA 555.1m)
Debt / FCF = -12.52 (negative FCF - burning cash) (Net Debt 2.70b / FCF TTM -215.3m)
Total Stockholder Equity = 2.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.02% (Net Income 127.6m / Total Assets 6.77b)
RoE = 5.04% (Net Income TTM 127.6m / Total Stockholder Equity 2.53b)
RoCE = 5.09% (EBIT 258.8m / Capital Employed (Equity 2.53b + L.T.Debt 2.56b))
RoIC = 3.14% (NOPAT 204.4m / Invested Capital 6.52b)
WACC = 6.48% (E(6.11b)/V(9.57b) * Re(8.18%) + D(3.46b)/V(9.57b) * Rd(4.41%) * (1-Tc(0.21)))
Discount Rate = 8.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.64 | Cagr: 1.07%
[DCF] Fair Price = unknown (Cash Flow -215.3m)
EPS Correlation: 79.07 | EPS CAGR: 8.33% | SUE: 4.0 | # QB: 1
Revenue Correlation: 90.00 | Revenue CAGR: 11.46% | SUE: 4.0 | # QB: 4
EPS current Quarter (2026-06-30): EPS=0.25 | Chg30d=+0.40% | Revisions=-58% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.23 | Chg30d=+0.09% | Revisions=-75% | Analysts=10
EPS current Year (2026-12-31): EPS=2.26 | Chg30d=+0.07% | Revisions=-8% | GrowthEPS=+0.8% | GrowthRev=+15.9%
EPS next Year (2027-12-31): EPS=2.52 | Chg30d=+1.93% | Revisions=-8% | GrowthEPS=+11.6% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: -46% (up=9, down=27)