Ormat Technologies Past Earnings Performance
Past criteria checks 3/6
Ormat Technologies has been growing earnings at an average annual rate of 16.8%, while the Renewable Energy industry saw earnings growing at 13.4% annually. Revenues have been growing at an average rate of 8.4% per year. Ormat Technologies's return on equity is 4.7%, and it has net margins of 12.5%.
Key information
16.85%
Earnings growth rate
13.85%
EPS growth rate
| Renewable Energy Industry Growth | -5.84% |
| Revenue growth rate | 8.35% |
| Return on equity | 4.72% |
| Net Margin | 12.52% |
| Next Earnings Update | 06 May 2026 |
Recent past performance updates
Recent updates
Ormat Technologies: The AI Investment Not On People's Radar
Apr 19
ORA: Long Term PPAs And Storage Expansion Will Support Stronger Outlook
Analysts have slightly reduced their price target for Ormat Technologies from about $127.27 to $127.09, reflecting modest adjustments to assumptions around the discount rate, revenue growth, profit margins, and future P/E estimates. What's in the News Ormat began commercial operations at the Shirk energy storage facility, an 80MW / 320MWh BESS project in Visalia, California, under a 15 year Resource Adequacy agreement with the City of Riverside, supporting grid reliability and flexible capacity needs in the state (Key Developments).ORA: Long Term PPAs And Storage Expansion Will Support Stronger Outlook
Analysts have adjusted their price target on Ormat Technologies slightly lower to about $127, citing updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Ormat began commercial operations at the Shirk 80MW/320MWh battery energy storage facility in Visalia, California, under a 15 year Resource Adequacy agreement with the City of Riverside.ORA: Long Term Geothermal PPAs And Storage Projects Will Support Stronger Outlook
Analysts are keeping Ormat Technologies' fair value unchanged at $128. This reflects only very small tweaks to assumptions around discount rate, revenue growth, profit margin, and future P/E that do not materially shift their overall view.ORA: Long Term Geothermal PPAs Will Support Stronger Medium Term Outlook
Analysts have nudged their price target for Ormat Technologies slightly lower, from $128.60 to $128.00. This adjustment reflects updated assumptions on discount rates, forecast revenue growth, profit margins, and future P/E levels.ORA: New Geothermal PPAs And Storage Projects Will Support Balanced Medium Term Outlook
Analysts have nudged their price target on Ormat Technologies higher to $128.60 from $126.30, reflecting updated views on its projected profit margin, discount rate, revenue growth, and future P/E assumptions. What's in the News Ormat signed a long-term geothermal PPA with NV Energy to support Google's Nevada operations with up to 150 MW of new geothermal capacity, under NV Energy's Clean Transition Tariff, pending approval by the Public Utilities Commission of Nevada expected in the second half of 2026 (Key Developments).ORA: Geothermal Projects And Data Center Agreement Will Support Balanced Medium Term Outlook
Analysts have adjusted their price target on Ormat Technologies from US$123.70 to US$126.30, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Ormat was awarded the Telaga Ranu Geothermal Working Area in Halmahera, North Maluku, Indonesia, following a competitive tender with four qualified bidders, securing long term exploration and development rights for a geothermal resource within an approved feed in tariff zone (Key Developments).ORA: Geothermal Expansion And Data Center Demand Will Support Balanced Medium Term Outlook
Analysts have raised their fair value estimate for Ormat Technologies from US$121.40 to US$123.70, reflecting updated views on discount rates, revenue growth, margins, and future P/E assumptions. What's in the News Ormat was awarded the Telaga Ranu Geothermal Working Area in Halmahera, North Maluku, after a competitive tender with four qualified bidders, securing long term exploration and development rights for a resource that the Indonesian Electricity Supply Plan cites as having potential to support up to 40MW of baseload geothermal capacity and contributing to the country's diesel replacement and energy transition goals (Key Developments).ORA: Geothermal Partnership And Data Center Demand Will Support Measured Outlook
Analysts have slightly increased their price target for Ormat Technologies from US$119.10 to US$121.40, citing small adjustments in assumptions for the discount rate, revenue growth, profit margin and forward P/E as the main reasons for this revision. What's in the News Ormat Technologies issued new guidance for 2025, indicating total revenues in a range of US$960 million to US$980 million (Key Developments).ORA: Geothermal Alliance And Data Center Demand Will Support Balanced Outlook
Analysts nudged their price target on Ormat Technologies slightly higher to approximately 119 dollars from about 118 dollars, citing marginally lower perceived risk, steady long term revenue and margin expectations, and a modestly richer future earnings multiple. What's in the News Raised 2025 total revenue guidance to a range of 960 million to 980 million dollars, signaling stronger than previously expected growth prospects (Company guidance) Entered a strategic alliance with SLB to fast track development and commercialization of integrated geothermal assets, including enhanced geothermal systems, to expand the addressable market for geothermal power (Company announcement) Planned EGS pilot project at an existing Ormat facility to validate commercial scale deployment and reduce risk for future large scale rollouts (Company announcement) Outlined a joint commercialization strategy with SLB targeting independent power producers, utilities, and data center operators, with the goal of positioning Ormat to participate in long term decarbonization and data center power demand trends (Company announcement) Valuation Changes Fair Value Estimate has risen slightly to approximately 119.1 dollars from about 117.6 dollars, reflecting a modestly higher intrinsic value assessment.ORA: Geothermal Alliance And Revenue Outlook Will Support Balanced 2025 Profile
Analysts have nudged their price target on Ormat Technologies slightly higher, to 117.60 dollars from 117.10 dollars, citing marginally stronger expected profit margins and a modestly lower discount rate that together support a slightly richer valuation multiple. What's in the News Raised 2025 total revenue guidance to a range of 960 million dollars to 980 million dollars, signaling stronger expected growth in the core business (Corporate Guidance) Entered a strategic alliance with SLB to accelerate development and commercialization of integrated geothermal assets, with a focus on enhanced geothermal systems to expand the geographic reach of geothermal power (Strategic Alliances) Planned an enhanced geothermal systems pilot at an existing Ormat facility to validate commercial scale deployment and optimize integration with surface power facilities (Strategic Alliances) Outlined a roadmap for large scale commercialization of enhanced geothermal systems targeting independent power producers, utilities and data center operators after successful pilot results (Strategic Alliances) Valuation Changes The fair value estimate has risen slightly to 117.60 dollars from 117.10 dollars, reflecting a modestly higher intrinsic valuation.ORA: Revenue Guidance Increase And Partnerships Will Drive Balanced Outlook Through 2025
Analysts have raised their price target for Ormat Technologies from $105.70 to $117.10. They cite expectations for improved revenue growth and profit margins.We Think You Should Be Aware Of Some Concerning Factors In Ormat Technologies' (NYSE:ORA) Earnings
Nov 12
ORA: Revenue Guidance And New Partnerships Will Shape Growth Outlook Into 2025
Analysts have raised their price target for Ormat Technologies from $103 to $105.70, reflecting adjustments in revenue growth projections and updated discount rate assumptions. What's in the News Ormat Technologies provided revenue guidance for 2025, projecting revenues between $960 million and $980 million.Analysts Lift Ormat Technologies Price Target Following Expansion Moves and Improved Valuation Metrics
Analysts have raised their price target for Ormat Technologies from $98.10 to $103.00. They cite updated financial assumptions and a slightly lower discount rate, despite minor revisions in projected profitability.US Permitting Reforms And Tax Credits Will Ignite Geothermal Expansion
Analysts have raised their price target for Ormat Technologies from $94.60 to $98.10, citing subtle improvements in projected revenue growth as well as a slight decrease in the discount rate applied to future cash flows. What's in the News Ormat commenced commercial operations at its Lower Rio energy storage facility in Texas.US Permitting Reforms And Tax Credits Will Ignite Geothermal Expansion
With both the future P/E and discount rate remaining nearly flat, there is little fundamental change to Ormat Technologies' outlook, reflected in the analyst price target holding steady at $94.60. What's in the News Commenced commercial operations at the 60MW/120MWh Lower Rio energy storage facility in Texas, securing a seven-year tolling agreement and monetizing $25 million in tax credits through a partnership with Morgan Stanley Renewables.Earnings Beat: Ormat Technologies, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Aug 09Getting In Cheap On Ormat Technologies, Inc. (NYSE:ORA) Is Unlikely
Jul 22Ormat Technologies: Growth Prospects Outpaced By Overvaluation
Nov 08
Expanding Portfolio And Critical Acquisitions Propel Revenue And Net Margin Growth In The Renewable Energy Sector
Ormat Technologies' growth and improved net margins are fueled by capacity expansion, acquisitions like Enel assets, and a balanced Energy Storage business portfolio.Ormat Technologies: Risk/Reward Skewed To The Downside On Starting Valuations
Aug 03Ormat Technologies: An Expensive Vertically Integrated Gem
Mar 09Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Ormat Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 990 | 124 | 99 | 6 |
| 30 Sep 25 | 944 | 133 | 92 | 7 |
| 30 Jun 25 | 906 | 131 | 95 | 7 |
| 31 Mar 25 | 885 | 126 | 95 | 7 |
| 31 Dec 24 | 880 | 124 | 96 | 7 |
| 30 Sep 24 | 890 | 119 | 99 | 8 |
| 30 Jun 24 | 887 | 132 | 91 | 7 |
| 31 Mar 24 | 868 | 134 | 91 | 7 |
| 31 Dec 23 | 829 | 124 | 89 | 7 |
| 30 Sep 23 | 794 | 107 | 84 | 6 |
| 30 Jun 23 | 761 | 89 | 85 | 6 |
| 31 Mar 23 | 736 | 76 | 80 | 5 |
| 31 Dec 22 | 734 | 66 | 80 | 5 |
| 30 Sep 22 | 720 | 67 | 73 | 5 |
| 30 Jun 22 | 703 | 63 | 77 | 5 |
| 31 Mar 22 | 680 | 65 | 82 | 4 |
| 31 Dec 21 | 663 | 62 | 83 | 4 |
| 30 Sep 21 | 651 | 64 | 91 | 4 |
| 30 Jun 21 | 652 | 65 | 84 | 5 |
| 31 Mar 21 | 680 | 75 | 78 | 5 |
| 31 Dec 20 | 705 | 85 | 76 | 5 |
| 30 Sep 20 | 718 | 77 | 75 | 6 |
| 30 Jun 20 | 730 | 77 | 71 | 6 |
| 31 Mar 20 | 739 | 88 | 73 | 5 |
| 31 Dec 19 | 746 | 88 | 71 | 5 |
| 30 Sep 19 | 744 | 94 | 71 | 4 |
| 30 Jun 19 | 740 | 89 | 73 | 4 |
| 31 Mar 19 | 734 | 54 | 75 | 4 |
| 31 Dec 18 | 719 | 98 | 73 | 4 |
| 30 Sep 18 | 695 | 144 | 69 | 4 |
| 30 Jun 18 | 686 | 158 | 64 | 4 |
| 31 Mar 18 | 687 | 167 | 61 | 4 |
| 31 Dec 17 | 693 | 132 | 60 | 3 |
| 30 Sep 17 | 693 | 91 | 58 | 3 |
| 30 Jun 17 | 720 | 79 | 59 | 3 |
| 31 Mar 17 | 701 | 95 | 57 | 3 |
| 31 Dec 16 | 663 | 89 | 55 | 3 |
| 30 Sep 16 | 667 | 89 | 55 | 3 |
| 30 Jun 16 | 645 | 149 | 53 | 2 |
| 31 Mar 16 | 626 | 139 | 51 | 2 |
| 31 Dec 15 | 595 | 120 | 52 | 2 |
| 30 Sep 15 | 573 | 104 | 58 | 2 |
| 30 Jun 15 | 550 | 48 | 57 | 1 |
Quality Earnings: ORA has high quality earnings.
Growing Profit Margin: ORA's current net profit margins (12.5%) are lower than last year (14.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ORA's earnings have grown by 16.8% per year over the past 5 years.
Accelerating Growth: ORA's earnings growth over the past year (0.1%) is below its 5-year average (16.8% per year).
Earnings vs Industry: ORA earnings growth over the past year (0.1%) exceeded the Renewable Energy industry -44.3%.
Return on Equity
High ROE: ORA's Return on Equity (4.7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 05:33 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ormat Technologies, Inc. is covered by 25 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Kallo | Baird |
| J. David Anderson | Barclays |
| J. David Anderson | Barclays |