Ormat Technologies, Inc. (ORA) is a Utilities stock trading at $108.33 (as of 2026-08-21), with a market capitalization of $6.66B and a trailing P/E of 47.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
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.
Ormat Technologies develops, builds, owns, and operates geothermal and recovered energy power plants, selling electricity, and it also designs, manufactures, and sells equipment used in geothermal and recovered-energy electricity generation, plus it reports an Energy Storage segment.
Profit growth is tied to turning electricity capacity in the portfolio, plus the development and construction pipeline, into electricity sales (Electricity segment) and into equipment sales tied to geothermal and recovered-energy generation (Product segment).
| Elec | $0.2B |
| Prod | $0.2B |
| Storage | $0.0B |
Business quality (Solid): Ormat reports revenue split evenly between Electricity and Product, with Energy Storage smaller, and it tracks operational capacity and contract activity, suggesting the business model depends on project pipeline conversion and ongoing equipment orders.
Valuation: At 56× earnings, ORA trades 155% above the Utilities average (22×). Note: one-time items can distort reported P/E.
| Price | $108.33 |
| Market Cap | $6.66B |
| P/E Ratio | 47.6 |
| EV / EBITDA | 11.3 |
| Price / Book | 2.44 |
| Price / Sales | 5.06 |
| FCF Yield | -6.6% |
| Revenue (TTM) | $989.54M |
| Net Margin | 12.5% |
| Revenue Growth (YoY) | 12.5% |
| EPS Growth (YoY) | -0.5% |
| FCF Growth (YoY) | 270.9% |
| Altman Z-Score | 1.53 (distress) |
| Piotroski F-Score | 4/9 (moderate) |
| Stock P/E | 47.6 |
| Sector P/E (Utilities) | 20.8 |
| Industry P/E (Utilities) | 20.1 |
| vs Sector | 128.4% |
| vs Industry | 137.1% |
| Top Institutional Holder | BlackRock, Inc. ($1.07B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 1 |
| Sector | Utilities |
| Industry | Utilities |
| CEO | Doron Blachar |
| Employees | 1,512 |
| Country | US |
| IPO Date | 2004-11-11 |
Data as of 2026-08-21.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.