ORA Stock Overview
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.
Ormat Technologies Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$74.09|
|52 Week High||US$88.52|
|52 Week Low||US$60.32|
|1 Month Change||-12.34%|
|3 Month Change||-9.66%|
|1 Year Change||5.53%|
|3 Year Change||15.68%|
|5 Year Change||26.20%|
|Change since IPO||372.81%|
Recent News & Updates
Ormat Technologies: A Cleaner And Profitable Future
Ormat Technologies provides geothermal and alternative energy solutions to various countries across the globe. The alternative and clean energy industries experienced rapid growth and are set to continue as world economies battle climate change. Ormat has experienced slow growth in the past but is poised to improve its position as it focuses on long-term success.
|ORA||US Renewable Energy||US Market|
Return vs Industry: ORA exceeded the US Renewable Energy industry which returned -7.9% over the past year.
Return vs Market: ORA exceeded the US Market which returned -18.4% over the past year.
|ORA Average Weekly Movement||5.6%|
|Renewable Energy Industry Average Movement||11.2%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: ORA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ORA's weekly volatility (6%) has been stable over the past year.
About the Company
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.
Ormat Technologies Fundamentals Summary
|ORA fundamental statistics|
Is ORA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ORA income statement (TTM)|
|Cost of Revenue||US$435.40m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.16|
|Net Profit Margin||9.59%|
How did ORA perform over the long term?See historical performance and comparison
0.6%Current Dividend Yield
Is ORA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ORA?
Other financial metrics that can be useful for relative valuation.
|What is ORA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ORA's PE Ratio compare to its peers?
|ORA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
NEP NextEra Energy Partners
MNTK Montauk Renewables
AMPS Altus Power
CWEN.A Clearway Energy
ORA Ormat Technologies
Price-To-Earnings vs Peers: ORA is good value based on its Price-To-Earnings Ratio (63.7x) compared to the peer average (130.3x).
Price to Earnings Ratio vs Industry
How does ORA's PE Ratio compare vs other companies in the Global Renewable Energy Industry?
Price-To-Earnings vs Industry: ORA is expensive based on its Price-To-Earnings Ratio (63.7x) compared to the US Renewable Energy industry average (61.8x)
Price to Earnings Ratio vs Fair Ratio
What is ORA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||63.7x|
|Fair PE Ratio||27.5x|
Price-To-Earnings vs Fair Ratio: ORA is expensive based on its Price-To-Earnings Ratio (63.7x) compared to the estimated Fair Price-To-Earnings Ratio (27.5x).
Share Price vs Fair Value
What is the Fair Price of ORA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ORA ($74.09) is trading above our estimate of fair value ($14.36)
Significantly Below Fair Value: ORA is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: ORA is poor value based on its PEG Ratio (3.2x)
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How is Ormat Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ORA's forecast earnings growth (20.2% per year) is above the savings rate (1.9%).
Earnings vs Market: ORA's earnings (20.2% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: ORA's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ORA's revenue (10.6% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: ORA's revenue (10.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ORA's Return on Equity is forecast to be low in 3 years time (8.6%).
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How has Ormat Technologies performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORA has high quality earnings.
Growing Profit Margin: ORA's current net profit margins (9.6%) are lower than last year (11%).
Past Earnings Growth Analysis
Earnings Trend: ORA's earnings have declined by 13% per year over the past 5 years.
Accelerating Growth: ORA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ORA had negative earnings growth (-12.6%) over the past year, making it difficult to compare to the Renewable Energy industry average (-12.6%).
Return on Equity
High ROE: ORA's Return on Equity (4%) is considered low.
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How is Ormat Technologies's financial position?
Financial Health Score0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ORA's short term assets ($508.0M) do not cover its short term liabilities ($584.0M).
Long Term Liabilities: ORA's short term assets ($508.0M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: ORA's net debt to equity ratio (83.5%) is considered high.
Reducing Debt: ORA's debt to equity ratio has increased from 79.5% to 92.1% over the past 5 years.
Debt Coverage: ORA's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: ORA's interest payments on its debt are not well covered by EBIT (1.9x coverage).
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What is Ormat Technologies's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ORA's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: ORA's dividend (0.65%) is low compared to the top 25% of dividend payers in the US market (4.23%).
Stability and Growth of Payments
Stable Dividend: ORA is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: ORA is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: ORA is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: ORA is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Doron Blachar (53 yo)
Mr. Doron Blachar has been Chief Executive Officer of Ormat Technologies, Inc. since July 1, 2020 and served its President since November 6, 2019 until January 01, 2021. Mr. Blachar serves as the Chief Fin...
CEO Compensation Analysis
Compensation vs Market: Doron's total compensation ($USD1.07M) is below average for companies of similar size in the US market ($USD6.87M).
Compensation vs Earnings: Doron's compensation has been consistent with company performance over the past year.
Experienced Management: ORA's management team is considered experienced (2 years average tenure).
Experienced Board: ORA's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ORA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ormat Technologies, Inc.'s employee growth, exchange listings and data sources
- Name: Ormat Technologies, Inc.
- Ticker: ORA
- Exchange: NYSE
- Founded: 1965
- Industry: Renewable Electricity
- Sector: Utilities
- Implied Market Cap: US$4.154b
- Shares outstanding: 56.07m
- Website: https://www.ormat.com
Number of Employees
- Ormat Technologies, Inc.
- 6140 Plumas Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.