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Ormat Technologies Inc.
ORA NYSEOrmat Technologies Inc. is a renewable energy company specializing in geothermal power, recovered energy generation, solar photovoltaic, and energy storage solutions. Headquartered in Reno, Nevada and founded in 1965, the company operates as a vertically integrated provider, designing, developing, building, owning, and operating power generation assets worldwide. Ormat Technologies Inc. serves utilities, municipalities, community choice aggregators, industrial customers, and energy developers through three main business segments: Electricity, Product, and Energy Storage. In its Electricity segment, the company sells baseload and flexible renewable electricity under long-term power purchase agreements from geothermal, solar, recovered energy, and battery storage facilities. Through its Product segment, Ormat Technologies Inc. manufactures and sells specialized equipment and complete turnkey plants for geothermal and waste-heat-based power generation, leveraging proprietary technologies such as the Ormat Energy Converter. Its Energy Storage segment provides battery energy storage systems and grid services, including capacity, ancillary services, and load management, supporting grid reliability and integration of renewables. By focusing on low-emission, dispatchable renewable power and advanced storage, Ormat Technologies Inc. plays a significant role in modern electricity and infrastructure markets across North America, Latin America, East Africa, Asia, and Europe.
Earnings Schedule
Checked daily · calendar updated Aug 13| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 5, 2026 | $0.25 | $0.50 +100.0% | — | — |
| May 6, 2026 | $0.90 | $1.30 +44.4% | — | — |
| Feb 25, 2026 | $0.64 | $0.67 +4.7% | — | — |
| Jan 28, 2026 | $1.03 | $1.03 +0.0% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
Last updated: Aug 13, 2026 11:27am (3h ago)| Filed | Form | Document |
|---|---|---|
| Aug 6, 2026 | 10-Q | View |
| Aug 5, 2026 | 8-K | View |
| Jul 31, 2026 | SCHEDULE 13G | View |
| Jul 29, 2026 | SCHEDULE 13G/A | View |
| Jul 29, 2026 | SCHEDULE 13G/A | View |
| Jul 23, 2026 | SCHEDULE 13G/A | View |
| Jul 2, 2026 | 4 | View |
| Jun 5, 2026 | 8-K | View |
| Jun 4, 2026 | 4 | View |
| Jun 4, 2026 | 4 | View |
| Jun 4, 2026 | 4 | View |
| Jun 4, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 13, 2026 2:49pm (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 2.02
Total Equity: $2.69B
Shares: 61,362,000
Total Debt: $2.66B
Cash: $147.45M
EBITDA: $461.35M
Total Debt: $2.66B
Cash: $147.45M
Revenue: $989.54M
Revenue: $989.54M
Revenue: $989.54M
Total Equity: $2.69B
Tax Rate: -19.2%
Equity: $2.69B
Total Debt: $2.66B
Cash: $147.45M
Current Liabilities: $738.39M
Long-Term Debt: $2.66B
Total Debt: $2.66B
Total Equity: $2.69B
Shares: 61,362,000
Shares: 61,362,000
CapEx: -$619.78M
Shares: 61,362,000
Stock Price: $114.05
Net Income: $123.90M
Income Statement (Annual)
Last updated: Aug 13, 2026 11:27am (3h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $663.1M | $734.2M | $829.4M | $879.7M | $989.5M |
| Cost of Revenue | $398.7M | $465.3M | $565.4M | $607.0M | $716.9M |
| Gross Profit | $264.3M | $268.8M | $264.0M | $272.6M | $272.7M |
| Operating Expenses | $95.0M | $116.0M | $97.4M | $100.1M | $103.5M |
| Operating Income | $169.4M | $152.8M | $166.6M | $172.5M | $169.2M |
| Net Income | $62.1M | $65.8M | $124.4M | $123.7M | $123.9M |
| EBITDA | $352.3M | $351.6M | $391.4M | $435.3M | $461.3M |
| EPS | $1.11 | $1.17 | $2.09 | $2.05 | $2.04 |
| EPS (Diluted) | $1.10 | $1.17 | $2.08 | $2.04 | $2.02 |
Balance Sheet (Annual)
Last updated: Aug 13, 2026 11:27am (3h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $239.3M | $95.9M | $195.8M | $94.4M | $147.4M |
| Total Current Assets | $601.9M | $456.7M | $646.0M | $547.1M | $597.8M |
| Total Assets | $4.4B | $4.6B | $5.2B | $5.7B | $6.2B |
| Current Liabilities | $544.2M | $343.9M | $537.0M | $598.1M | $738.4M |
| Long-Term Debt | $1.9B | $2.1B | $2.0B | $2.3B | $2.7B |
| Total Liabilities | $2.4B | $2.6B | $2.8B | $3.1B | $3.6B |
| Total Equity | $2.0B | $2.0B | $2.5B | $2.6B | $2.7B |
| Retained Earnings | $585.2M | $623.9M | $719.9M | $814.5M | $909.3M |
Cash Flow (Annual)
Last updated: Aug 13, 2026 11:27am (3h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $258.8M | $281.0M | $309.4M | $410.9M | $335.1M |
| Capital Expenditure | -$419.3M | -$563.5M | -$618.4M | -$487.7M | -$619.8M |
| Free Cash Flow | -$160.5M | -$282.5M | -$309.0M | -$76.8M | -$284.7M |
| Acquisitions (net) | -$171.0M | $0 | $0 | -$274.6M | -$88.7M |
| Net Debt Issued / (Repaid) | $0 | $419.7M | -$207.0M | -$165.2M | -$265.5M |
| Dividends Paid | -$27.0M | -$27.1M | -$28.4M | — | — |
| Stock Buybacks | $0 | -$18.0M | $0 | $0 | — |
| Net Change in Cash | -$193.3M | -$116.8M | $61.1M | -$82.0M | $75.1M |
Growth Trends (YoY %)
Last updated: Aug 13, 2026 11:27am (3h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +10.7% | +13.0% | +6.1% | +12.5% |
| Gross Profit Growth | +1.7% | -1.8% | +3.3% | +0.0% |
| Operating Income Growth | -9.8% | +9.0% | +3.5% | -1.9% |
| Net Income Growth | +6.0% | +88.9% | -0.5% | +0.1% |
| EBITDA Growth | -0.2% | +11.3% | +11.2% | +6.0% |
Dividend History (Last 20)
Last updated: Aug 13, 2026 11:27am (3h ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-20 | $0.12 | — | — | — |
| 2026-03-10 | $0.12 | — | — | — |
| 2025-11-17 | $0.12 | — | — | — |
| 2025-08-20 | $0.12 | — | — | — |
| 2025-05-21 | $0.12 | — | — | — |
| 2025-03-12 | $0.12 | — | — | — |
| 2024-11-20 | $0.12 | — | — | — |
| 2024-08-20 | $0.12 | — | — | — |
| 2024-05-21 | $0.12 | — | — | — |
| 2024-03-05 | $0.12 | — | — | — |
| 2023-11-21 | $0.12 | — | — | — |
| 2023-08-15 | $0.12 | — | — | — |
| 2023-05-22 | $0.12 | — | — | — |
| 2023-03-07 | $0.12 | — | — | — |
| 2022-11-15 | $0.12 | — | — | — |
| 2022-08-16 | $0.12 | — | — | — |
| 2022-05-13 | $0.12 | — | — | — |
| 2022-03-08 | $0.12 | — | — | — |
| 2021-11-16 | $0.12 | — | — | — |
| 2021-08-17 | $0.12 | — | — | — |
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Narrative Economics
market-narrative step).
Claude Reading
ai-findings step) when a report is run on this ticker.
GPT Reading
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.