Buy Or Sell Opportunity • Jun 17
Now 25% undervalued Over the last 90 days, the stock has risen 7.9% to ₪366. The fair value is estimated to be ₪486, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.0%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Ankündigung • Jun 09
Ormat Technologies, Inc. Introduces Ormega100 Unit and Accelerates Enhanced Geothermal System Deployments Ormat Technologies, Inc. announced the Ormega100, a revolutionary new surface power generation unit engineered to deliver higher output than any other binary solution currently on the market. The Ormega100 marks an accelerated opportunity to commercialize and scale its Enhanced Geothermal System (EGS) developments, connecting subsurface development with surface power generation at an accelerated pace. The Ormega100 is the industry’s largest binary unit, a scalable platform engineered for the high temperatures required in EGS environments, delivering 100 MW of output in a single autonomous unit. Ormat is advancing two strategic pilot programs that combine its industrial capabilities with new EGS technologies to deliver potentially transformative EGS solutions focused on expanding geothermal deployment. With the Ormega100 and its EGS pilots underway, Ormat is positioned to lead the next generation of geothermal from the ground up. Buy Or Sell Opportunity • May 28
Now 21% undervalued Over the last 90 days, the stock has risen 17% to ₪390. The fair value is estimated to be ₪496, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 3.8% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Recent Insider Transactions • May 26
Independent Director recently sold ₪1.4m worth of stock On the 21st of May, David Granot sold around 4k shares on-market at roughly ₪389 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₪6.0m. Insiders have been net sellers, collectively disposing of ₪33m more than they bought in the last 12 months. Recent Insider Transactions • May 17
Chief Financial Officer recently sold ₪6.0m worth of stock On the 14th of May, Assaf Ginzburg sold around 15k shares on-market at roughly ₪392 per share. This transaction amounted to 89% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Assaf has been a net seller over the last 12 months, reducing personal holdings by ₪16m. Declared Dividend • May 11
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 20th May 2026 Payment date: 3rd June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 3.2%. Ankündigung • May 08
Ormat Technologies, Inc. announces Quarterly dividend, payable on June 03, 2026 Ormat Technologies, Inc. announced Quarterly dividend of USD 0.1200 per share payable on June 03, 2026, ex-date on May 20, 2026 and record date on May 20, 2026. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.72 (vs US$0.67 in 1Q 2025) First quarter 2026 results: EPS: US$0.72 (up from US$0.67 in 1Q 2025). Revenue: US$403.9m (up 76% from 1Q 2025). Net income: US$44.1m (up 9.2% from 1Q 2025). Profit margin: 11% (down from 18% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Ankündigung • Apr 22
Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2026 Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2026. Ankündigung • Mar 31
Ormat Technologies, Inc. to Report Q1, 2026 Results on May 06, 2026 Ormat Technologies, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Ankündigung • Mar 13
Ormat Technologies Inc Commences Commercial Operation of Shirk Energy Storage Facility in California Ormat Technologies Inc. announced the commencement of commercial operations at the Shirk energy storage facility, an 80MW/320MWh Battery Energy Storage System (BESS) located in Visalia, California. The Shirk facility secures capacity under a 15-year Resource Adequacy Purchase and Sale Agreement (RA Agreement) with the City of Riverside, supporting grid reliability and helping meet California’s growing demand for flexible energy resources. The project represents another milestone in Ormat’s continued expansion of a stable and profitable energy storage portfolio. The Shirk project qualifies for a 40% Investment Tax Credit (ITC), which the Company plans to monetize the tax benefits as part of the hybrid tax equity partnership with Morgan Stanley Renewables, Inc. that Ormat announced in May 2025, which supports the funding and optimization of the Company’s growing energy storage portfolio. Declared Dividend • Mar 02
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 10th March 2026 Payment date: 24th March 2026 Dividend yield will be 0.4%, which is lower than the industry average of 3.2%. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: US$2.04 (vs US$2.05 in FY 2024) Full year 2025 results: EPS: US$2.04. Revenue: US$989.5m (up 13% from FY 2024). Net income: US$123.9m (flat on FY 2024). Profit margin: 13% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Renewable Energy industry in Asia. Ankündigung • Jan 14
Ormat Technologies, Inc. to Report Q4, 2025 Results on Feb 25, 2026 Ormat Technologies, Inc. announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Recent Insider Transactions • Nov 12
Chief Financial Officer recently sold ₪7.4m worth of stock On the 7th of November, Assaf Ginzburg sold around 20k shares on-market at roughly ₪368 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Assaf has been a net seller over the last 12 months, reducing personal holdings by ₪10m. Declared Dividend • Nov 06
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 17th November 2025 Payment date: 1st December 2025 Dividend yield will be 0.4%, which is lower than the industry average of 3.2%. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0.40 (vs US$0.36 in 3Q 2024) Third quarter 2025 results: EPS: US$0.40 (up from US$0.36 in 3Q 2024). Revenue: US$249.7m (up 18% from 3Q 2024). Net income: US$24.1m (up 9.3% from 3Q 2024). Profit margin: 9.7% (in line with 3Q 2024). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 06
Ormat Technologies, Inc. to Report Q3, 2025 Results on Nov 03, 2025 Ormat Technologies, Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Recent Insider Transactions • Sep 24
Chief Financial Officer recently sold ₪2.9m worth of stock On the 18th of September, Assaf Ginzburg sold around 9k shares on-market at roughly ₪312 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Assaf's only on-market trade for the last 12 months. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: US$0.46 (vs US$0.37 in 2Q 2024) Second quarter 2025 results: EPS: US$0.46 (up from US$0.37 in 2Q 2024). Revenue: US$234.0m (up 9.9% from 2Q 2024). Net income: US$28.0m (up 26% from 2Q 2024). Profit margin: 12% (up from 10% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Jul 07
Ormat Technologies, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Ormat Technologies, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Ravit Barniv was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 25
Independent Director recently sold ₪358k worth of stock On the 20th of June, Dafna Sharir sold around 1k shares on-market at roughly ₪298 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪2.7m more than they bought in the last 12 months. Ankündigung • Jun 19
Ormat Technologies, Inc. (NYSE:ORA) completed the acquisition of Blue Mountain geothermal power facility of Cyrq Energy, Inc. Ormat Technologies, Inc. (NYSE:ORA) signed an agreement to acquire Blue Mountain geothermal power facility of Cyrq Energy, Inc for $88 million on May 5, 2025. A cash consideration of $88 million will be paid by Ormat Technologies, Inc. As part of consideration, $88 million is paid towards assets of Blue Mountain geothermal power facility of Cyrq Energy, Inc. The acquisition of the Blue Mountain power plant is anticipated to close in the second quarter of 2025.
Ormat Technologies, Inc. (NYSE:ORA) completed the acquisition of Blue Mountain geothermal power facility of Cyrq Energy, Inc on July 18, 2025. The transaction was funded through bank debt. Ankündigung • Jun 06
Ormat Technologies, Inc. Announces Executive Appointments Ormat Technologies, Inc. announced the appointment of two distinguished executives to its senior management team. These strategic appointments are poised to propel the next phase of the Company’s growth and enhance its operational excellence within the renewable energy sector. Aron Willis Appointed Executive Vice President, Electricity Segment: Effective June 4, 2025, Aron Willis will assume the role of Executive Vice President, Electricity Segment at Ormat Technologies. In this capacity Aron will oversee the operations of the Electricity Segment, ensuring alignment with the Company’s strategic goals and financial targets. Aron will also be responsible for optimizing plant performance, implementing advanced AI tools, ensuring compliance with safety and environmental regulations, and driving continuous improvement initiatives to foster future growth.Aron brings over 25 years of extensive experience in the power generation industry, with a proven track record of leadership and financial and operational expertise. His career includes significant roles at TransAlta Corporation and Northwest Digital Power, where he demonstrated exceptional leadership in managing large-scale operations and driving substantial growth initiatives. At TransAlta Corporation, Aron held several senior leadership positions, including Executive Vice President of Project Delivery & Construction, Executive Vice President of Growth and Senior Vice President of Operations & Commercial Management. He also managed TransAlta’s Australian operations for 10 years, comprising approximately 500MW of generating capacity. Aron holds a Bachelor of Commerce degree with a major in Finance from the University of Calgary. Daniel Moelk Appointed Senior Vice President, Resources, Drilling & EGS: In July 2025, Daniel Moelk will join Ormat as Senior Vice President, Resources, Drilling & EGS. Daniel will lead Resources, Drilling, and EGS teams with a focus on implementing sophisticated processes and innovative technologies. His work will focus in part on creating efficiencies through the use and advanced AI tools and developing Ormat’s ongoing drilling and exploration global roadmap.Daniel brings nearly 18 years of valuable operations and drilling management experience within the geothermal industry. Most recently, Daniel served as the EVP of European Operations for Eavor Technologies Inc, a company focused on EGS development where he successfully executed some of the industry’s most challenging and complex drilling campaigns. Daniel has played pivotal roles in expanding geothermal drilling operations across his career, in particular at Steag GMBH, PT Sejahtera Alam Energy while he was located in Indonesia, Daldrup & Sohne AG, Mannvit Engineering Consultants, and Iceland Drilling Inc. Daniel holds a degree in Mechanical Engineering from the University of Iceland. Declared Dividend • May 11
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 21st May 2025 Payment date: 4th June 2025 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%. Ankündigung • May 09
Ormat Technologies, Inc. Reiterates its Full-Year Guidance 2025 Ormat Technologies, Inc. reiterated its full-year guidance 2025. The company expects total revenues of between $935 million and $975 million for the year 2025. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: US$0.67 (vs US$0.64 in 1Q 2024) First quarter 2025 results: EPS: US$0.67 (up from US$0.64 in 1Q 2024). Revenue: US$229.8m (up 2.5% from 1Q 2024). Net income: US$40.4m (up 4.6% from 1Q 2024). Profit margin: 18% (in line with 1Q 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • May 08
Ormat Technologies, Inc. Declares Quarterly Dividend, Payable on June 4, 2025 On May 7, 2025, Ormat Technologies, Inc.’s Board of Directors declared, approved, and authorized payment of a quarterly dividend of $0.12 per share pursuant to the Company’s dividend policy. The dividend will be paid on June 4, 2025, to stockholders of record as of the close of business on May 21, 2025. In addition, the Company expects to pay a quarterly dividend of $0.12 per share in each of the next three quarters. Ankündigung • Apr 09
Ormat Technologies, Inc. to Report Q1, 2025 Results on May 07, 2025 Ormat Technologies, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Ankündigung • Mar 28
Ormat Technologies, Inc., Annual General Meeting, May 07, 2025 Ormat Technologies, Inc., Annual General Meeting, May 07, 2025. Recent Insider Transactions • Mar 06
Independent Director recently sold ₪413k worth of stock On the 3rd of March, David Granot sold around 2k shares on-market at roughly ₪248 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪2.7m more than they bought in the last 12 months. Declared Dividend • Mar 02
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 12th March 2025 Payment date: 26th March 2025 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: US$2.05 (vs US$2.09 in FY 2023) Full year 2024 results: EPS: US$2.05 (down from US$2.09 in FY 2023). Revenue: US$879.7m (up 6.1% from FY 2023). Net income: US$123.7m (flat on FY 2023). Profit margin: 14% (in line with FY 2023). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Jan 21
Ormat Technologies, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Ormat Technologies, Inc. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Ankündigung • Dec 30
Ormat Technologies Inc. Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM Market Ormat Technologies, Inc. announced the successful commencement of commercial operations for its Montague energy storage facility. This 20MW/20MWh Battery Energy Storage System (BESS), located in New Jersey, will provide ancillary services on the merchant market to PJM. The Montague project, which is expected to be eligible for a 30% Investment Tax Credit, represents Ormat’s continued commitment to strategically growing its Energy Storage segment in key U.S. markets. With the addition of Montague, Ormat’s total capacity in the PJM market increases to 120MW/120MWh. Ankündigung • Dec 13
Ormat Technologies, Inc. has completed a Follow-on Equity Offering in the amount of $281.94 million. Ormat Technologies, Inc. has completed a Follow-on Equity Offering in the amount of $281.94 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,700,000
Price\Range: $76.2
Discount Per Security: $0.82 Ankündigung • Dec 12
Ormat Technologies, Inc. has filed a Follow-on Equity Offering. Ormat Technologies, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,700,000 Recent Insider Transactions • Dec 04
Independent Director recently sold ₪376k worth of stock On the 2nd of December, David Granot sold around 1k shares on-market at roughly ₪300 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪2.2m more than they bought in the last 12 months. Declared Dividend • Nov 10
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 20th November 2024 Payment date: 4th December 2024 Dividend yield will be 0.5%, which is lower than the industry average of 3.2%. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.59 in 3Q 2023) Third quarter 2024 results: EPS: US$0.36 (down from US$0.59 in 3Q 2023). Revenue: US$211.8m (up 1.8% from 3Q 2023). Net income: US$22.1m (down 38% from 3Q 2023). Profit margin: 10% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 08
Ormat Technologies, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Ormat Technologies, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Recent Insider Transactions • Sep 25
Independent Director recently sold ₪360k worth of stock On the 20th of September, Byron Wong sold around 1k shares on-market at roughly ₪284 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪1.9m more than they bought in the last 12 months. Declared Dividend • Aug 10
Second quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 20th August 2024 Payment date: 3rd September 2024 Dividend yield will be 0.5%, which is lower than the industry average of 3.2%. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.37 (vs US$0.40 in 2Q 2023) Second quarter 2024 results: EPS: US$0.37 (down from US$0.40 in 2Q 2023). Revenue: US$213.0m (up 9.3% from 2Q 2023). Net income: US$22.2m (down 8.1% from 2Q 2023). Profit margin: 10% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 09
Ormat Technologies, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Ormat Technologies, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Declared Dividend • May 12
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 22nd May 2024 Payment date: 5th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.64 (vs US$0.51 in 1Q 2023) First quarter 2024 results: EPS: US$0.64 (up from US$0.51 in 1Q 2023). Revenue: US$224.2m (up 21% from 1Q 2023). Net income: US$38.6m (up 33% from 1Q 2023). Profit margin: 17% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 10
Ormat Technologies, Inc. to Report Q1, 2024 Results on May 08, 2024 Ormat Technologies, Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Recent Insider Transactions • Apr 02
Lead Independent Director recently sold ₪448k worth of stock On the 28th of March, Stanley Stern sold around 2k shares on-market at roughly ₪246 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪1.1m more than they bought in the last 12 months. Ankündigung • Mar 28
Ormat Technologies, Inc., Annual General Meeting, May 08, 2024 Ormat Technologies, Inc., Annual General Meeting, May 08, 2024, at 15:00 US Eastern Standard Time. Agenda: To elect the nine director nominees listed below to the Board of Directors to hold office until the 2025 Annual Meeting of Stockholders; to approve, in a non-binding, advisory vote, the compensation of company's named executive officers; to ratify the appointment of Kesselman & Kesselman, a member firm of PricewaterhouseCoopers International Limited, as company's independent registered public accounting firm for 2024; to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation to limit the liability of certain officers; and to approve an amendment and restatement of the Company’s 2018 Incentive Compensation Plan to increase the total number of shares reserved thereunder. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 06 March 2024. Payment date: 20 March 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Israeli dividend payers (6.9%). Lower than average of industry peers (2.6%). Declared Dividend • Feb 25
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 6th March 2024 Payment date: 20th March 2024 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$2.09 (vs US$1.17 in FY 2022) Full year 2023 results: EPS: US$2.09 (up from US$1.17 in FY 2022). Revenue: US$829.4m (up 13% from FY 2022). Net income: US$124.4m (up 89% from FY 2022). Profit margin: 15% (up from 9.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Ankündigung • Jan 25
Ormat Technologies, Inc. to Report Q4, 2023 Results on Feb 21, 2024 Ormat Technologies, Inc. announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Ankündigung • Jan 06
Ormat Technologies, Inc. (NYSE:ORA) completed the acquisition of 150 MW Portfolio of Enel Green Power North America, Inc. Ormat Technologies, Inc. (NYSE:ORA) entered into a purchase agreement to acquire 150 MW Portfolio of Enel Green Power North America, Inc. for approximately $270 million on October 23, 2023. The 150 MW portfolio includes two contracted operating geothermal power plants and one triple hybrid geothermal, solar PV (20MW nameplate) and solar thermal power plant with a total generation of approximately 43 MW, two Solar assets with a total nameplate capacity of 40 MW, and two greenfield development assets. These acquired assets have collectively generated an annual revenue of approximately $35.0 million and an EBITDA of approximately $24.0 million for the years 2020-2022. Ormat expects to finance most of the purchase price through new long-term corporate debt. The acquisition is expected to close by the first quarter of 2024, subject to regulatory approvals and customary closing conditions. Jefferies acted as financial advisor to Enel Green Power.
Ormat Technologies, Inc. (NYSE:ORA) completed the acquisition of 150 MW Portfolio of Enel Green Power North America, Inc. on January 4, 2024. The overall transaction was funded through available cash, in combination with $200 million newly issued long-term corporate debt. The acquisition is expected to be immediately accretive to both revenues and EBITDA. Upcoming Dividend • Nov 15
Upcoming dividend of US$0.12 per share at 0.7% yield Eligible shareholders must have bought the stock before 22 November 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Israeli dividend payers (8.4%). Lower than average of industry peers (2.8%). Ankündigung • Nov 10
Ormat Technologies, Inc. Provides Revenue Guidance for the Year of 2023 Ormat Technologies, Inc. provided revenue guidance for the year of 2023. For the year, company expects Total revenues of between $825 million and $838 million. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$0.59 (vs US$0.32 in 3Q 2022) Third quarter 2023 results: EPS: US$0.59 (up from US$0.32 in 3Q 2022). Revenue: US$208.1m (up 18% from 3Q 2022). Net income: US$35.5m (up 96% from 3Q 2022). Profit margin: 17% (up from 10% in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. New Risk • Oct 29
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings have declined by 12% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Ankündigung • Oct 25
Ormat Technologies, Inc. (NYSE:ORA) entered into a purchase agreement to acquire 150 MW Portfolio of Enel Green Power North America, Inc. for approximately $270 million. Ormat Technologies, Inc. (NYSE:ORA) entered into a purchase agreement to acquire 150 MW Portfolio of Enel Green Power North America, Inc. for approximately $270 million on Oct. 23, 2023. The 150 MW portfolio includes two contracted operating geothermal power plants and one triple hybrid geothermal, solar PV (20MW nameplate) and solar thermal power plant with a total generation of approximately 43 MW, two Solar assets with a total nameplate capacity of 40 MW, and two greenfield development assets. These acquired assets have collectively generated an annual revenue of approximately $35.0 million and an EBITDA of approximately $24.0 million for the years 2020-2022. Ormat expects to finance most of the purchase price through new long-term corporate debt. The acquisition is expected to close by the first quarter of 2024, subject to regulatory approvals and customary closing conditions. Ankündigung • Oct 11
Ormat Technologies, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Ormat Technologies, Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Ankündigung • Jul 08
Ormat Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Ormat Technologies, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Ankündigung • May 31
Ormat Technologies, Inc. Resumes Operation At Its Heber 1 Power Plant in California Ormat Technologies announced the successful resumption of operations at the Heber 1 power plant in California. This achievement comes after the plant temporarily shut down due to a fire incident that occurred in February 2022. This significant milestone is a testament to Ormat's operational execution and its commitment to providing reliable and sustainable energy solutions to communities in California. In Nevada, Ormat completed a 6MW upgrade to the Dixie Valley power plant, which allows the Company to maximize its favorable long-term power purchase agreement. The upgrade involved the replacement of pre-acquisition equipment with Ormat's energy converters. Recent Insider Transactions • May 23
Lead Independent Director recently sold ₪486k worth of stock On the 19th of May, Stanley Stern sold around 2k shares on-market at roughly ₪308 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪1.8m more than they bought in the last 12 months. Upcoming Dividend • May 16
Upcoming dividend of US$0.12 per share at 0.6% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Israeli dividend payers (7.1%). Lower than average of industry peers (2.8%). Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$0.51 (vs US$0.33 in 1Q 2022) First quarter 2023 results: EPS: US$0.51 (up from US$0.33 in 1Q 2022). Revenue: US$185.2m (flat on 1Q 2022). Net income: US$29.0m (up 57% from 1Q 2022). Profit margin: 16% (up from 10.0% in 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 01
Upcoming dividend of US$0.12 per share at 0.6% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 22 March 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Israeli dividend payers (8.5%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: US$1.17 (vs US$1.11 in FY 2021) Full year 2022 results: EPS: US$1.17 (up from US$1.11 in FY 2021). Revenue: US$734.2m (up 11% from FY 2021). Net income: US$65.8m (up 6.0% from FY 2021). Profit margin: 9.0% (down from 9.4% in FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Ankündigung • Jan 26
Ormat Technologies, Inc. to Report Q4, 2022 Results on Feb 22, 2023 Ormat Technologies, Inc. announced that they will report Q4, 2022 results After-Market on Feb 22, 2023 Ankündigung • Jan 13
Ormat Technologies, Inc. announced that it expects to receive funding from PT Sarana Multi Infrastruktur (Persero) Ormat Technologies, Inc. announced that it has entered into a financial agreement with PT Sarana Multi Infrastruktur (Persero) on January 12, 2023. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Karin Corfee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 08
Independent Director recently sold ₪436k worth of stock On the 4th of November, Dafna Sharir sold around 1k shares on-market at roughly ₪347 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪1.3m more than they bought in the last 12 months. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.32 (vs US$0.27 in 3Q 2021) Third quarter 2022 results: EPS: US$0.32 (up from US$0.27 in 3Q 2021). Revenue: US$175.9m (up 11% from 3Q 2021). Net income: US$18.1m (up 22% from 3Q 2021). Profit margin: 10% (in line with 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 17 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Israeli dividend payers (6.1%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.20 (vs US$0.23 in 2Q 2021) Second quarter 2022 results: EPS: US$0.20 (down from US$0.23 in 2Q 2021). Revenue: US$169.1m (up 15% from 2Q 2021). Net income: US$11.3m (down 14% from 2Q 2021). Profit margin: 6.7% (down from 8.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the industry in Israel. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Karin Corfee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Karin Corfee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 01
Independent Director recently sold ₪469k worth of stock On the 27th of May, Dan Falk sold around 2k shares on-market at roughly ₪281 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₪912k more than they bought in the last 12 months. Upcoming Dividend • May 09
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Israeli dividend payers (5.8%). Lower than average of industry peers (2.9%). Reported Earnings • May 03
First quarter 2022 earnings released: EPS: US$0.33 (vs US$0.27 in 1Q 2021) First quarter 2022 results: EPS: US$0.33 (up from US$0.27 in 1Q 2021). Revenue: US$183.7m (up 10% from 1Q 2021). Net income: US$18.4m (up 21% from 1Q 2021). Profit margin: 10.0% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 14% growth forecast for the industry in Israel. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 23 March 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Israeli dividend payers (5.3%). Lower than average of industry peers (3.0%). 
