Ormat Technologies Management

Management criteria checks 3/4

Ormat Technologies' CEO is Doron Blachar, appointed in Jul 2020, has a tenure of 3.75 years. total yearly compensation is $3.06M, comprised of 17.3% salary and 82.7% bonuses, including company stock and options. directly owns 0.035% of the company’s shares, worth €1.24M. The average tenure of the management team and the board of directors is 3.2 years and 3.8 years respectively.

Key information

Doron Blachar

Chief executive officer

US$3.1m

Total compensation

CEO salary percentage	17.3%
CEO tenure	3.8yrs
CEO ownership	0.03%
Management average tenure	3.2yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Doron Blachar's remuneration changed compared to Ormat Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$3m	US$528k	US$124m
Sep 30 2023	n/a	n/a	US$107m
Jun 30 2023	n/a	n/a	US$89m
Mar 31 2023	n/a	n/a	US$76m
Dec 31 2022	US$2m	US$507k	US$66m
Sep 30 2022	n/a	n/a	US$67m
Jun 30 2022	n/a	n/a	US$63m
Mar 31 2022	n/a	n/a	US$65m
Dec 31 2021	US$1m	US$507k	US$62m
Sep 30 2021	n/a	n/a	US$64m
Jun 30 2021	n/a	n/a	US$65m
Mar 31 2021	n/a	n/a	US$75m
Dec 31 2020	US$2m	US$437k	US$85m
Sep 30 2020	n/a	n/a	US$77m
Jun 30 2020	n/a	n/a	US$77m
Mar 31 2020	n/a	n/a	US$88m
Dec 31 2019	US$747k	US$388k	US$88m
Sep 30 2019	n/a	n/a	US$94m
Jun 30 2019	n/a	n/a	US$89m
Mar 31 2019	n/a	n/a	US$54m
Dec 31 2018	US$574k	US$373k	US$98m
Sep 30 2018	n/a	n/a	US$144m
Jun 30 2018	n/a	n/a	US$158m
Mar 31 2018	n/a	n/a	US$167m
Dec 31 2017	US$2m	US$362k	US$132m

Compensation vs Market: Doron's total compensation ($USD3.06M) is about average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Doron's compensation has increased by more than 20% in the past year.

CEO

Doron Blachar (55 yo)

3.8yrs

Tenure

US$3,058,576

Compensation

Mr. Doron Blachar has been Chief Executive Officer of Ormat Technologies, Inc. since July 1, 2020 and served its President since November 6, 2019 until January 01, 2021. Mr. Blachar serves as the Chief Fin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Doron Blachar	Chief Executive Officer	3.8yrs	US$3.06m	0.035% $ 1.3m
Assaf Ginzburg	Chief Financial Officer	3.9yrs	US$1.60m	0.043% $ 1.6m
Jessica Woelfel	General Counsel	3.1yrs	US$1.02m	0.0052% $ 188.0k
Shimon Hatzir	Executive Vice President of Electricity Segment	3yrs	US$1.37m	0.0053% $ 190.5k
Ofer Ben Yosef	Executive Vice President of Energy Storage & Business Development	3.3yrs	US$1.06m	0.0086% $ 311.0k
Smadar Lavi	Vice President	no data	no data	no data
Liza Tavori	Executive Vice President of Human Resources	3.3yrs	no data	no data
Nirit Grushko	Senior Vice President of Engineering	less than a year	no data	no data
Elad Zalkin	Senior Vice President of Projects	1.3yrs	no data	no data

3.2yrs

Average Tenure

55yo

Average Age

Experienced Management: HNM's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stanley Stern	Lead Independent Director	8.4yrs	US$225.00k	0.0080% $ 290.7k
Ishay Davidi	Chairman of Ormat Industries	no data	no data	no data
Isaac Angel	Chairman	3.8yrs	US$315.00k	0.071% $ 2.6m
Dafna Sharir	Independent Director	5.9yrs	US$225.00k	0.0052% $ 186.9k
David Granot	Independent Director	11.9yrs	US$165.00k	0.0073% $ 263.5k
Michael Nikkel	Independent Director	2.9yrs	no data	no data
Hidetake Takahashi	Independent Director	3.8yrs	no data	0.0031% $ 114.0k
Karin Corfee	Independent Director	1.8yrs	US$175.07k	0.0024% $ 87.8k
Byron Wong	Independent Director	6.8yrs	US$215.00k	0.0081% $ 294.0k
Michal Marom-Brikman	Independent Director	1.8yrs	US$235.00k	no data

3.8yrs

Average Tenure

61yo

Average Age

Experienced Board: HNM's board of directors are considered experienced (3.8 years average tenure).

Ormat Technologies Management

Management criteria checks 3/4

Key information

Recent management updates

Ormat Technologies, Inc., Annual General Meeting, May 08, 2024

Lead Independent Director recently sold €123k worth of stock

Independent Director recently sold €75k worth of stock

High number of new directors

Independent Director recently sold €124k worth of stock

High number of new directors

Recent updates

Ormat Technologies, Inc. to Report Q1, 2024 Results on May 08, 2024

Ormat Technologies, Inc., Annual General Meeting, May 08, 2024

Upcoming dividend of US$0.12 per share

Fourth quarter dividend of US$0.12 announced

Full year 2023 earnings released: EPS: US$2.09 (vs US$1.17 in FY 2022)

Ormat Technologies, Inc. Declares Quarterly Dividend, Payable on March 20, 2024; Provides Dividend Guidance for the Next Three Quarters

Ormat Technologies, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Ormat Technologies, Inc. (NYSE:ORA) completed the acquisition of 150 MW Portfolio of Enel Green Power North America, Inc.

Upcoming dividend of US$0.12 per share at 0.8% yield

Ormat Technologies, Inc. Provides Revenue Guidance for the Year of 2023

Third quarter 2023 earnings released: EPS: US$0.59 (vs US$0.32 in 3Q 2022)

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. to Report Q3, 2023 Results on Nov 08, 2023

Ormat Technologies, Inc. Provides Revenue Guidance for the Full Year 2023

Ormat Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Ormat Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Ormat Technologies, Inc. Resumes Operation At Its Heber 1 Power Plant in California

Lead Independent Director recently sold €123k worth of stock

First quarter 2023 earnings released: EPS: US$0.51 (vs US$0.33 in 1Q 2022)

Ormat Technologies, Inc. Declares Quarterly Dividend, Payable on June 6, 2023; Provides Quarterly Dividend Guidance

Upcoming dividend of US$0.12 per share at 0.6% yield

Full year 2022 earnings released: EPS: US$1.17 (vs US$1.11 in FY 2021)

Ormat Technologies, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Ormat Technologies, Inc. announced that it expects to receive funding from PT Sarana Multi Infrastruktur (Persero)

Ormat Technologies, Inc. has completed a Follow-on Equity Offering in the amount of $337.5 million.

Independent Director recently sold €75k worth of stock

High number of new directors

Independent Director recently sold €124k worth of stock

Third quarter 2022 earnings released: EPS: US$0.32 (vs US$0.27 in 3Q 2021)

Ormat Technologies, Inc. Declares Quarterly Dividend , Payable on November 30, 2022

Ormat Technologies, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.12 per share

Second quarter 2022 earnings released: EPS: US$0.20 (vs US$0.23 in 2Q 2021)

Ormat Technologies, Inc. Provides Earnings Guidance for the Year 2022

High number of new directors

Ormat Technologies, Inc. to Report Q2, 2022 Results on Aug 03, 2022

High number of new directors

Investor sentiment improved over the past week

Ormat Technologies, Inc. Announces Management Changes

Independent Director recently sold €131k worth of stock

Upcoming dividend of US$0.12 per share

First quarter 2022 earnings released: EPS: US$0.33 (vs US$0.27 in 1Q 2021)

Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2022

Ormat Technologies, Inc. to Report Q1, 2022 Results on May 02, 2022

Upcoming dividend of US$0.12 per share

Ormat Technologies, Inc. Declares Quarterly Dividend, Payable on March 23, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Ormat Technologies, Inc. Announces Executive Changes

Independent Director recently sold €160k worth of stock

Upcoming dividend of US$0.12 per share

Third quarter 2021 earnings released: EPS US$0.27 (vs US$0.31 in 3Q 2020)

Upcoming dividend of US$0.12 per share

Second quarter 2021 earnings released: EPS US$0.23 (vs US$0.45 in 2Q 2020)

Ormat Technologies, Inc.(NYSE:ORA) dropped from Russell 3000 Growth Index

Ormat Technologies, Inc. (NYSE:ORA) agreed to acquire two contracted geothermal assets in Nevada from TG Geothermal Portfolio, LLC for approximately $380 million.

Independent Director has left the company

Independent Director has left the company

First quarter 2021 earnings released: EPS US$0.27 (vs US$0.51 in 1Q 2020)

Ormat Technologies, Inc. Reiterates Earnings Guidance for the Year 2021

Executive Vice President of Electricity Segment Zvi Krieger has left the company

Ormat Technologies, Inc. Announces Executive Changes

Investor sentiment deteriorated over the past week

Ravit Barniv Not to Stand for Re-Election to the Board of Directors of Ormat Technologies, Inc

Full year 2020 earnings released: EPS US$1.66 (vs US$1.73 in FY 2019)

Revenue misses expectations

Ormat Technologies, Inc. to Report Q4, 2020 Results on Feb 24, 2021

New 90-day high: €95.00

Investor sentiment improved over the past week

New 90-day high: €74.00