Ormat Technologies, Inc.

NYSE:ORA Stock Report

Market Cap: US$5.5b

Ormat Technologies Valuation

Is ORA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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.

Discounted Cash Flow
Simply Wall St
US$11.52
Fair Value
691.2% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: ORA ($91.17) is trading above our estimate of fair value ($11.52)

Significantly Below Fair Value: ORA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ORA?

Key metric: As ORA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ORA. This is calculated by dividing ORA's market cap by their current earnings.
What is ORA's PE Ratio?
PE Ratio42.2x
EarningsUS$131.31m
Market CapUS$5.52b

Price to Earnings Ratio vs Peers

How does ORA's PE Ratio compare to its peers?

The above table shows the PE ratio for ORA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average56.5x
CWEN.A Clearway Energy
42x25.99%US$5.7b
RNW ReNew Energy Global
28.2x24.54%US$2.8b
MNTK Montauk Renewables
113.4x50.49%US$297.2m
ELLO Ellomay Capital
42.4xn/aUS$224.6m
ORA Ormat Technologies
42.2x9.86%US$5.5b

Price-To-Earnings vs Peers: ORA is good value based on its Price-To-Earnings Ratio (42.2x) compared to the peer average (56.5x).

Price to Earnings Ratio vs Industry

How does ORA's PE Ratio compare vs other companies in the Global Renewable Energy Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ORA 42.2xIndustry Avg. 15.7xNo. of Companies41PE01224364860+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ORA is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the Global Renewable Energy industry average (15.7x).

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.

ORA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.2x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: ORA is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ORA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$91.17
US$94.60
+3.76%
6.90%US$105.00US$85.00n/a10
Aug ’26US$88.71
US$89.50
+0.89%
11.05%US$105.00US$76.00n/a10
Jul ’26US$84.76
US$85.00
+0.28%
9.91%US$100.00US$75.00n/a10
Jun ’26US$74.33
US$83.10
+11.80%
8.96%US$100.00US$75.00n/a10
May ’26US$71.81
US$82.60
+15.03%
9.44%US$100.00US$75.00n/a10
Apr ’26US$70.77
US$82.80
+17.00%
9.49%US$100.00US$75.00n/a10
Mar ’26US$69.84
US$83.78
+19.96%
11.64%US$106.00US$75.00n/a9
Feb ’26US$64.15
US$83.22
+29.73%
13.11%US$106.00US$71.00n/a9
Jan ’26US$67.72
US$85.13
+25.70%
12.04%US$106.00US$75.00n/a8
Dec ’25US$81.62
US$86.14
+5.54%
12.28%US$106.00US$75.00n/a7
Nov ’25US$78.71
US$82.57
+4.91%
11.19%US$102.00US$75.00n/a7
Oct ’25US$76.65
US$81.57
+6.42%
11.14%US$102.00US$75.00n/a7
Sep ’25US$74.53
US$81.57
+9.45%
11.14%US$102.00US$75.00US$91.897
Aug ’25US$76.75
US$81.14
+5.72%
10.32%US$100.00US$75.00US$88.717
Jul ’25US$69.20
US$79.14
+14.37%
12.66%US$100.00US$69.00US$84.767
Jun ’25US$75.40
US$78.29
+3.83%
12.77%US$100.00US$69.00US$74.337
May ’25US$65.74
US$76.71
+16.69%
11.46%US$95.00US$69.00US$71.817
Apr ’25US$65.09
US$76.00
+16.76%
11.11%US$95.00US$69.00US$70.778
Mar ’25US$65.81
US$76.00
+15.48%
11.11%US$95.00US$69.00US$69.848
Feb ’25US$66.39
US$78.38
+18.05%
8.91%US$92.00US$69.00US$64.158
Jan ’25US$75.79
US$81.13
+7.04%
9.19%US$95.00US$69.00US$67.728
Dec ’24US$69.60
US$81.13
+16.56%
9.19%US$95.00US$69.00US$81.628
Nov ’24US$61.63
US$86.13
+39.75%
7.24%US$100.00US$80.00US$78.718
Oct ’24US$69.92
US$90.25
+29.08%
6.01%US$100.00US$81.00US$76.658
Sep ’24US$75.70
US$90.25
+19.22%
6.01%US$100.00US$81.00US$74.538
AnalystConsensusTarget
Consensus Narrative from 10 Analysts
US$94.60
Fair Value
3.6% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/03 05:25
End of Day Share Price 2025/09/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jinming LiuArdour Capital Investments, LLC
Benjamin KalloBaird
Ella FriedBank Leumi Le-Israel BM