Board Change • May 21
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. 4 experienced directors. 4 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. Anuncio • 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. Anuncio • Apr 22
Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2026 Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2026. Anuncio • 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 Anuncio • 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. Anuncio • 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 Anuncio • 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 Declared Dividend • Aug 18
Second quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 20th August 2025 Payment date: 3rd September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%. Board Change • Aug 18
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. Anuncio • 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 Anuncio • 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. Anuncio • 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. Anuncio • 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. Anuncio • 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. Anuncio • 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 Anuncio • Mar 28
Ormat Technologies, Inc., Annual General Meeting, May 07, 2025 Ormat Technologies, Inc., Annual General Meeting, May 07, 2025. Anuncio • 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 Anuncio • 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. Anuncio • 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 Anuncio • 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 Declared Dividend • Nov 12
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 0.6%, which is lower than the industry average of 3.2%. Reported Earnings • Nov 07
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 1.9% growth forecast for the Renewable Energy industry in Germany. 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 4% per year, which means it is significantly lagging earnings growth. Anuncio • 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 Declared Dividend • Aug 12
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 0.7%, 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 2.3% growth forecast for the Renewable Energy industry in Germany. 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 5% per year, which means it is significantly lagging earnings growth. Anuncio • 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 New Risk • Jun 09
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €296k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Significant insider selling over the past 3 months (€296k sold). Declared Dividend • May 13
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 21st May 2024 Payment date: 5th June 2024 Dividend yield will be 0.7%, 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 7.4% growth forecast for the Renewable Energy industry in Germany. 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 6% per year, which means it is significantly lagging earnings growth. Anuncio • 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 Anuncio • 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 27
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 05 March 2024. Payment date: 20 March 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.7%). Declared Dividend • Feb 26
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 5th March 2024 Payment date: 20th March 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 22
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 9.5% growth forecast for the Renewable Energy industry in Germany. 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 10% per year, which means it is significantly lagging earnings. Anuncio • 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 Anuncio • 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 14
Upcoming dividend of US$0.12 per share at 0.8% yield Eligible shareholders must have bought the stock before 21 November 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.7%). Anuncio • 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 Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Anuncio • 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. Anuncio • 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 Anuncio • 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 Anuncio • 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 €123k worth of stock On the 19th of May, Stanley Stern sold around 2k shares on-market at roughly €78.07 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 €490k more than they bought in the last 12 months. Reported Earnings • May 10
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 1.9% growth forecast for the Renewable Energy industry in Germany. 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 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.12 per share at 0.6% yield Eligible shareholders must have bought the stock before 07 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 German dividend payers (4.7%). Lower than average of industry peers (2.3%). Reported Earnings • Feb 24
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 8.4% decline forecast for the Renewable Energy industry in Germany. 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 10% per year, which means it is well ahead of earnings. Anuncio • 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 Anuncio • 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. Anuncio • Nov 18
Ormat Technologies, Inc. has completed a Follow-on Equity Offering in the amount of $337.5 million. Ormat Technologies, Inc. has completed a Follow-on Equity Offering in the amount of $337.5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,750,000
Price\Range: $90 Recent Insider Transactions • Nov 16
Independent Director recently sold €75k worth of stock On the 7th of November, David Granot sold around 743 shares on-market at roughly €101 per share. This transaction amounted to 17% 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 €124k. Insiders have been net sellers, collectively disposing of €367k more than they bought in the last 12 months. 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 €124k worth of stock On the 4th of November, Dafna Sharir sold around 1k shares on-market at roughly €98.86 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 €378k 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, while revenues in the Renewable Energy industry in Germany are expected to remain flat. 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 10% per year, which means it is well ahead of earnings. Anuncio • Oct 07
Ormat Technologies, Inc. to Report Q3, 2022 Results on Nov 02, 2022 Ormat Technologies, Inc. announced that they will report Q3, 2022 results After-Market on Nov 02, 2022 Upcoming Dividend • Aug 09
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 16 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 German dividend payers (4.4%). Lower than average of industry peers (1.9%). 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 16% decline forecast for the industry in Germany. 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 11% 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. Anuncio • Jul 08
Ormat Technologies, Inc. to Report Q2, 2022 Results on Aug 03, 2022 Ormat Technologies, Inc. announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 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. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 16% share price gain to €75.60, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 24x in the Renewable Energy industry in Europe. Total returns to shareholders of 39% over the past three years. Anuncio • Jun 04
Ormat Technologies, Inc. Announces Management Changes Ormat Technologies, Inc. announced the election at its annual meeting of stockholders, held on June 2, 2022, of Michal Marom and Karin Corfee to the Company’s Board of Directors, effective immediately. Ms. Marom will also serve as the Chair of the Audit Committee and a member of the Compensation Committee. Ms. Marom and Ms. Corfee will replace the departing Board members Dan Falk and Albertus Bruggink, respectively. With these new additions, one third of Ormat’s Board of Directors will be represented by women. Ms. Marom joins Ormat’s Board of Directors having served in numerous senior executive leadership roles. Ms. Marom currently serves on the Board of Directors and the audit and compensation committees of several publicly traded companies in the U.S. and Israel. From 2011 to 2015, Ms. Marom served as the Chief Financial Officer of Linkury Ltd., an Israeli high-tech company she co-founded. Ms. Marom is a Certified Public Accountant in Israel and acts as a consultant providing strategic advice on business models and financial transactions. Ms. Corfee brings to Ormat’s Board of Directors over 30 years of experience in the energy industry. Ms. Corfee currently serves as Vice President, Professional & Advisory Services at Kevala LLC, a power grid analytics company, a position she has held since October 2021. Ms. Corfee is also the founder and CEO of KC Strategies LLC, a business consultancy firm specializing in climate and sustainability services, which she has held since the company’s founding in April 2021. Most recently, she served as Partner and Western Team Leader at Guidehouse from October 2019 to April 2021. Ms. Corfee served as Managing Director and Leader of Clean Energy Programs and Sustainability at Navigant Consulting, Inc. Prior to Navigant, Ms. Corfee was the Vice President and West Coast DSM Manager at KEMA Inc., a global energy consultancy company. Ms. Corfee was nominated to Ormat’s Board of Directors by ORIX Corporation pursuant to its board nomination right under its previously disclosed agreement with the Company. Recent Insider Transactions • Jun 01
Independent Director recently sold €131k worth of stock On the 27th of May, Dan Falk sold around 2k shares on-market at roughly €78.37 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €254k more than they bought in the last 12 months. Upcoming Dividend • May 06
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 13 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 German dividend payers (4.1%). Lower than average of industry peers (3.3%). Reported Earnings • May 04
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 12% compared to a 17% decline forecast for the industry in Germany. 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. Anuncio • Apr 19
Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2022 Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2022, at 10:00 Eastern Daylight. Agenda: To elect the nine director nominees listed below to the Board of Directors to hold office until the 2023 Annual Meeting of Stockholders; to ratify the appointment of Kesselman & Kesselman, a member firm of PricewaterhouseCoopers International Limited, as independent registered public accounting firm for 2022; to approve, in a non-binding, advisory vote, the compensation of named (B) Karin Corfee executive officers; and to approve the amendment and restatement of the Ormat Technologies, Inc. 2018 Incentive Compensation Plan. Anuncio • Apr 14
Ormat Technologies, Inc. to Report Q1, 2022 Results on May 02, 2022 Ormat Technologies, Inc. announced that they will report Q1, 2022 results After-Market on May 02, 2022 Upcoming Dividend • Mar 01
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 08 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 German dividend payers (3.4%). Lower than average of industry peers (3.6%). Anuncio • Feb 24
Ormat Technologies, Inc. Declares Quarterly Dividend, Payable on March 23, 2022 On February 23, 2022, the Board of Directors of Ormat Technologies, Inc. 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 March 23, 2022, to stockholders of record as of the close of business on March 9, 2022. In addition, the Company expects to pay a quarterly dividend of $0.12 per share in each of the next three quarters. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$1.11 (down from US$1.66 in FY 2020). Revenue: US$663.1m (down 6.0% from FY 2020). Net income: US$62.1m (down 27% from FY 2020). Profit margin: 9.4% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 17% compared to a 26% decline forecast for the industry in Germany. 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 6% per year, which means it is well ahead of earnings. Anuncio • Jan 28
Ormat Technologies, Inc. Announces Executive Changes Ormat Technologies, Inc. and Hezi Kattan, General Counsel of the Company, agreed that he would step down from his position as General Counsel. Jessica Woelfel, Interim General Counsel and Chief Compliance Officer of the Company, was appointed to serve permanently as General Counsel and Chief Compliance Officer, effective immediately. Recent Insider Transactions • Nov 15
Independent Director recently sold €160k worth of stock On the 11th of November, Dafna Sharir sold around 2k shares on-market at roughly €70.73 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €253k more than they bought in the last 12 months. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 16 November 2021. Payment date: 03 December 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.1%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.27 (vs US$0.31 in 3Q 2020) The company reported a soft third quarter result with weaker earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: US$158.8m (flat on 3Q 2020). Net income: US$14.9m (down 5.0% from 3Q 2020). Profit margin: 9.4% (in line with 3Q 2020). 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 11% 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 2021. Payment date: 01 September 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.23 (vs US$0.45 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$146.9m (down 16% from 2Q 2020). Net income: US$13.0m (down 44% from 2Q 2020). Profit margin: 8.9% (down from 13% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Anuncio • Jun 28
Ormat Technologies, Inc.(NYSE:ORA) dropped from Russell 3000 Growth Index Ormat Technologies, Inc.(NYSE:ORA) dropped from Russell 3000 Growth Index