Ormat Technologies (ORA)

• Market cap: $4.43B
• 1 day: 0.61%
• 5 days: 2.54%
• 1 month: 2.72%
• 3 months: 13.23%
• 6 months: -7.24%
• Year to date: 5.83%
• 1 year: 14.71%
• 5 years: 20.97%
• 10 years: 95.04%
• Sector: Utilities
• Industry: Renewable Electricity

About: Ormat Technologies Inc is engaged in the geothermal and recovered energy power business. It 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.

Employees: 1,512

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

596% more call options, than puts

Call options by funds: $133M | Put options by funds: $19.1M

144% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 27

67% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 5 (+2) [Q4]

13% more funds holding

Funds holding: 276 [Q3] → 311 (+35) [Q4]

9% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 95

1.19% less ownership

Funds ownership: 89.09% [Q3] → 87.9% (-1.19%) [Q4]

13% less capital invested

Capital invested by funds: $4.14B [Q3] → $3.6B (-$539M) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $75 3% upside
• Avg. target: $81 10% upside
• High target: $86 18% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Jefferies Julien Dumoulin-Smith 62% 1-year accuracy 53 / 86 met price target	18% upside $86	Buy Maintained	25 Mar 2025
Baird Ben Kallo 41% 1-year accuracy 17 / 41 met price target	11% upside $81	Neutral Initiated	13 Mar 2025
JP Morgan Mark Strouse 30% 1-year accuracy 14 / 46 met price target	3% upside $75	Neutral Maintained	28 Feb 2025