Ormat Technologies Overview

  • Year Founded
  • 1965

Year Founded

  • Status
  • Public

  • Employees
  • 1,576

Employees

  • Stock Symbol
  • ORA

Stock Symbol

  • Investments
  • 25

  • Share Price
  • $72.35
  • (As of Friday Closing)

Ormat Technologies General Information

Description

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.

Contact Information

Website
www.ormat.com
Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Energy Infrastructure
Other Industries
Energy Storage
Other Energy Services
Stock Exchange
NYS
Corporate Office
  • 6140 Plumas Street
  • Reno, NV 89519-6075
  • United States
+1 (775) 000-0000

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Ormat Technologies Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$72.35 $73.10 $58.73 - $85.82 $4.37B 60.4M 478K $2.22

Ormat Technologies Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 6,052,157 6,631,475 6,886,812 6,228,810
Revenue 868,358 829,424 734,159 663,084
EBITDA 464,619 450,780 378,727 367,057
Net Income 133,957 124,399 65,841 62,092
Total Assets 5,516,844 5,208,279 4,611,579 4,425,678
Total Debt 2,389,250 2,115,152 2,052,713 1,934,573
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Ormat Technologies Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Ormat Technologies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segm
Energy Infrastructure
Reno, NV
1,576 As of 2023
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Salt Lake City, UT
00 As of 0000
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Ormat Technologies Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Cyrq Energy Private Equity-Backed Salt Lake City, UT 00 000000000000
You’re viewing 1 of 1 competitors. Get the full list »

Ormat Technologies Patents

Ormat Technologies Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-11585270-B1 Energy storage system and method Active 18-Mar-2022 00000000 0
US-20230279807-A1 Method for producing power with stored energy Active 01-Mar-2022 00000000
US-11976590-B2 Method for producing power with stored energy Active 01-Mar-2022 00000000 0
US-20240093694-A1 Well pumping apparatus and methods Active 20-Apr-2021 0000000000 0
US-11982286-B2 Well pumping apparatus and methods Active 20-Apr-2021 F04D29/061 00
To view Ormat Technologies’s complete patent history, request access »

Ormat Technologies Executive Team (14)

Name Title Board Seat Contact Info
Doron Blachar Chief Executive Officer
Shlomi Argas Executive & President
Assaf Ginzburg Chief Financial Officer, Finance & Chief Accounting Officer, Accounting
Hezi Kattan General Counsel, Legal & Chief Compliance Officer, Legal
Ofer Benyosef Executive Vice President
You’re viewing 5 of 14 executive team members. Get the full list »

Ormat Technologies Board Members (14)

Name Representing Role Since
00000 0000 Ormat Technologies Board Member 000 0000
00000 000000 Self Board Member 000 0000
00000 000000 Self Board Member 000 0000
00000 00000 Ormat Technologies Chairman & Board Member 000 0000
0000 000000 00 Ormat Technologies Board Member 000 0000
You’re viewing 5 of 14 board members. Get the full list »

Ormat Technologies Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Ormat Technologies Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Ormat Technologies Investments & Acquisitions (25)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Enel Green Power North America (Geothermal and Solar Assets in Nevada, Utah and Connecticut) 04-Jan-2024 000000000 00000 Other Energy 00000 000
PT Toka Tindung Geothermal 28-Sep-2021 00000 0000 Energy Exploration 00000 000
Terra-Gen (67.5 MW Geothermal Assets in Dixie Valley, Nevada) 13-Jul-2021 000000000 00000 Other Energy 00000 000
Con Edison Development (Shovel-Ready Energy Storage Asset in Upton County, Texas) 16-Dec-2020 000000000 Other Energy 00000 000
Ftera Energy APD Flemington (Battery Energy Storage Systems Based in Nevada, United States) 01-Dec-2020 Merger/Acquisition Electrical Equipment 0000 0000
You’re viewing 5 of 25 investments and acquisitions. Get the full list »

Ormat Technologies Subsidiaries (2)

Company Name Industry Location Founded
Ormesa Electric Utilities Holtville, CA 1987
Ormat Technologies (Geothermal Power Plant in Brawley, California) Buildings and Property Brawlish, CA
To view Ormat Technologies’s complete subsidiaries history, request access »

Ormat Technologies ESG

Risk Overview

Risk Rating

Updated March, 01, 2024

15.1 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.0

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,191

Rank

00.00

Percentile

Utilities

Industry

00 of 678

Rank

0.00

Percentile

Renewable Power Production

Subindustry

00 of 97

Rank

00.0

Percentile

To view Ormat Technologies’s complete esg history, request access »

Ormat Technologies FAQs

  • When was Ormat Technologies founded?

    Ormat Technologies was founded in 1965.

  • Who is the founder of Ormat Technologies?

    Lucien Bronicki is the founder of Ormat Technologies.

  • Who is the CEO of Ormat Technologies?

    Doron Blachar is the CEO of Ormat Technologies.

  • Where is Ormat Technologies headquartered?

    Ormat Technologies is headquartered in Reno, NV.

  • What is the size of Ormat Technologies?

    Ormat Technologies has 1,576 total employees.

  • What industry is Ormat Technologies in?

    Ormat Technologies’s primary industry is Energy Infrastructure.

  • Is Ormat Technologies a private or public company?

    Ormat Technologies is a Public company.

  • What is Ormat Technologies’s stock symbol?

    The ticker symbol for Ormat Technologies is ORA.

  • What is the current stock price of Ormat Technologies?

    As of 21-Jun-2024 the stock price of Ormat Technologies is $72.35.

  • What is the current market cap of Ormat Technologies?

    The current market capitalization of Ormat Technologies is $4.37B.

  • What is Ormat Technologies’s current revenue?

    The trailing twelve month revenue for Ormat Technologies is $868M.

  • Who are Ormat Technologies’s competitors?

    Cyrq Energy is a competitor of Ormat Technologies.

  • What is Ormat Technologies’s annual earnings per share (EPS)?

    Ormat Technologies’s EPS for 12 months was $2.22.

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