ORA Stock Analysis: Ormat Technologies | NYSE

Geothermal Power, Recovered Energy, Solar Photovoltaic, Battery Storage

Total Rating 26

Safety 58

Buy Signal -0.68

Utilities - Renewable
Industry Rotation: +14.4

Market Cap: 6.48B
Avg Turnover: 71.4M

Risk 3d forecast

Volatility44.6%

VaR 5^th Pctl7.85%

VaR vs Median6.73%

Reward TTM

Sharpe Ratio0.16

Rel. Str. IBD7.7

Rel. Str. Peer Group5

Character TTM

Beta0.695

Beta Downside0.837

Hurst Exponent0.551

Drawdowns 3y

Max DD34.99%

CAGR/Max DD0.26

CAGR/Mean DD0.94

EPS (Earnings per Share)

EPS CAGR: 10.33%
EPS Trend: 80.6%

Last SUE: 1.63
Qual. Beats: 2

Revenue

Rev. CAGR: 13.07%
Rev. Trend: 89.6%

Last SUE: 1.18
Qual. Beats: 5

Warnings

High Debt/EBITDA With Thin Interest Coverage

High Debt While Negative Cash Flow

Interest Coverage Ratio Critical

Choppy

Below Avwap Earnings

Below Sma 200d

Tailwinds

Confidence

Seasonality 11.6 years of data

Jan +2.1% 5

Feb -2.9% 5

Mar +0.2% 10

Apr -0.1% 10

May -0.3% 15

Jun -3.1% 22

Jul +0.8% 29

Aug +0.9% 14

Sep -1.2% 14

Oct +0.3% 15

Nov +1.8% 18

Dec -4.3% 16

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.

Description: ORA Ormat Technologies

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.

Headlines to Watch Out For

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

Piotroski VR-10 (Strict) 2.0

Net Income: 126.6m TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -1.99 > 1.0
NWC/Revenue: 3.78% < 20% (prev -24.47%; Δ 28.25% < -1%)
CFO/TA 0.04 > 3% & CFO 279.4m > Net Income 126.6m
Net Debt (2.94b) to EBITDA (281.6m): 10.46 < 3
Current Ratio: 1.05 > 1.5 & < 3
Outstanding Shares: last quarter (62.5m) vs 12m ago 2.48% < -2%
Gross Margin: 27.93% > 18% (prev 28.94%; Δ -1.01% > 0.5%)
Asset Turnover: 18.56% > 50% (prev 15.07%; Δ 3.50% > 0%)
Interest Coverage Ratio: 0.84 > 6 (EBIT TTM 133.9m / Interest Expense TTM 159.6m)

Altman Z'' 1.32

A: 0.01 (Total Current Assets 1.02b - Total Current Liabilities 975.9m) / Total Assets 6.79b
B: 0.14 (Retained Earnings 965.8m / Total Assets 6.79b)
C: 0.02 (EBIT TTM 133.9m / Avg Total Assets 6.40b)
D: 0.64 (Book Value of Equity 2.60b / Total Liabilities 4.04b)
Altman-Z'' = 1.32 = BB

Beneish M -2.99

DSRI: 0.78 (Receivables 211.6m/206.4m, Revenue 1.19b/906.3m)
GMI: 1.04 (GM 28.94% / 27.93%)
AQI: 0.93 (AQ_t 0.14 / AQ_t-1 0.15)
SGI: 1.31 (Revenue 1.19b / 906.3m)
TATA: -0.02 (NI 126.6m - CFO 279.4m) / TA 6.79b)
Beneish M = -2.99 (Cap -4..+1) = A

What is the price of ORA shares?

As of September 13, 2026, the stock is trading at USD 94.89 with a total of 946,293 shares traded. Over the past week, the price has changed by -8.93%, over one month by -17.01%, over three months by -30.36% and over the past year by +3.67%.

Current recommended Stop Loss: 89.50 (which is 5.7% or 1.4 ATR below the current price).

Is ORA a buy, sell or hold?

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

What are the forecasts/targets for the ORA price?

Analysts Target Price	132.4	39.6%

Ormat Technologies (ORA) - Fundamental Data Overview as of 07 September 2026

Market Cap USD = 6.48b (6.48b USD * 1.0 USD.USD)
P/E Trailing = 51.6912
P/E Forward = 35.7143
P/S = 5.4566
P/B = 2.4667
P/EG = 3.5682
Revenue TTM = 1.19b USD
EBIT TTM = 133.9m USD
EBITDA TTM = 281.6m USD
Long Term Debt = 2.59b USD (from longTermDebt, last quarter)
Short Term Debt = 781.4m USD (from shortTermDebt, last quarter)
Debt = 3.46b USD (from shortLongTermDebtTotal, last quarter) + Leases 46.7m
Net Debt = 2.94b USD (calculated: Debt 3.46b - CCE 513.7m)
Enterprise Value = 9.43b USD (6.48b + Debt 3.46b - CCE 513.7m)
Interest Coverage Ratio = 0.84 (Ebit TTM 133.9m / Interest Expense TTM 159.6m)
EV/FCF = -35.61x (Enterprise Value 9.43b / FCF TTM -264.8m)
FCF Yield = -2.81% (FCF TTM -264.8m / Enterprise Value 9.43b)
FCF Margin = -22.28% (FCF TTM -264.8m / Revenue TTM 1.19b)
Net Margin = 10.66% (Net Income TTM 126.6m / Revenue TTM 1.19b)
Gross Margin = 27.93% ((Revenue TTM 1.19b - Cost of Revenue TTM 856.5m) / Revenue TTM)
Gross Margin QoQ = 26.55% (prev 29.80%)
Tobins Q-Ratio = 1.39 (Enterprise Value 9.43b / Total Assets 6.79b)
Interest Expense / Debt = 4.62% (Interest Expense 159.6m / Debt 3.46b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 105.8m (EBIT 133.9m * (1 - 21.00%))
Current Ratio = 1.05 (Total Current Assets 1.02b / Total Current Liabilities 975.9m)
Debt / Equity = 1.33 (Debt 3.46b / totalStockholderEquity, last quarter 2.60b)
Debt / EBITDA = 10.46 (Net Debt 2.94b / EBITDA 281.6m)
Debt / FCF = -11.12 (negative FCF - burning cash) (Net Debt 2.94b / FCF TTM -264.8m)
Total Stockholder Equity = 2.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.98% (Net Income 126.6m / Total Assets 6.79b)
RoE = 4.96% (Net Income TTM 126.6m / Total Stockholder Equity 2.56b)
RoCE = 2.60% (EBIT 133.9m / Capital Employed (Equity 2.56b + L.T.Debt 2.59b))
RoIC = 1.62% (NOPAT 105.8m / Invested Capital 6.53b)
WACC = 6.77% (E(6.48b)/V(9.94b) * Re(8.43%) + D(3.46b)/V(9.94b) * Rd(4.62%) * (1-Tc(0.21)))
Discount Rate = 8.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.49 | Cagr: 1.45%
[DCF] Fair Price = unknown (Cash Flow -264.8m)
EPS Correlation: 80.62 | EPS CAGR: 10.33% | SUE: 1.63 | # QB: 2
Revenue Correlation: 89.62 | Revenue CAGR: 13.07% | SUE: 1.18 | # QB: 5
EPS current Quarter (2026-09-30): EPS=0.30 | Chg30d=+32.02% | Revisions=+30% | Analysts=9
EPS current Year (2026-12-31): EPS=2.63 | Chg30d=+14.03% | Revisions=+73% | GrowthEPS=+17.5% | GrowthRev=+19.0%
EPS next Year (2027-12-31): EPS=2.54 | Chg30d=-0.31% | Revisions=+36% | GrowthEPS=-3.4% | GrowthRev=-1.5%
[Analyst] Revisions Ratio: +58% (up=19, down=4)