Recent Insider Transactions • May 20
Chief Financial Officer recently sold €1.8m worth of stock On the 14th of May, Assaf Ginzburg sold around 15k shares on-market at roughly €116 per share. This transaction amounted to 89% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Assaf has been a net seller over the last 12 months, reducing personal holdings by €4.4m. Duyuru • 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. Duyuru • Apr 22
Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2026 Ormat Technologies, Inc., Annual General Meeting, Jun 02, 2026. Duyuru • 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 Duyuru • 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. Duyuru • 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 Duyuru • 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 Duyuru • 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 Board Change • Jul 01
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. Recent Insider Transactions • Jun 27
Insider recently sold €634k worth of stock On the 24th of June, Ofer Ben Yosef sold around 9k shares on-market at roughly €74.22 per share. This transaction amounted to 84% 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 €1.3m more than they bought in the last 12 months. New Risk • Jun 25
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: €387k 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 (1.3x net interest cover). Minor Risk Significant insider selling over the past 3 months (€387k sold). Duyuru • 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. Duyuru • 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. Declared Dividend • May 12
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 21st May 2025 Payment date: 4th June 2025 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Duyuru • 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. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: US$0.67 (vs US$0.64 in 1Q 2024) First quarter 2025 results: EPS: US$0.67 (up from US$0.64 in 1Q 2024). Revenue: US$229.8m (up 2.5% from 1Q 2024). Net income: US$40.4m (up 4.6% from 1Q 2024). Profit margin: 18% (in line with 1Q 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to remain flat. Duyuru • 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. Duyuru • 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 Duyuru • Mar 28
Ormat Technologies, Inc., Annual General Meeting, May 07, 2025 Ormat Technologies, Inc., Annual General Meeting, May 07, 2025. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: US$2.05 (vs US$2.09 in FY 2023) Full year 2024 results: EPS: US$2.05 (down from US$2.09 in FY 2023). Revenue: US$879.7m (up 6.1% from FY 2023). Net income: US$123.7m (flat on FY 2023). Profit margin: 14% (in line with FY 2023). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Renewable Energy industry in Europe. Duyuru • 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 Duyuru • 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. Duyuru • 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 Duyuru • 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 08
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 5.7% growth forecast for the Renewable Energy industry in Europe. Duyuru • 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 6.4% growth forecast for the Renewable Energy industry in Europe. Duyuru • 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 6.9% growth forecast for the Renewable Energy industry in Europe. New Risk • May 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Share price has been volatile over the past 3 months (4.4% average weekly change). Duyuru • 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 Duyuru • 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. 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 8.6% growth forecast for the Renewable Energy industry in Europe. Duyuru • 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 Duyuru • 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. 
