Ormat Technologies (ORA)

• Market cap: $4.06B
• 1 day: -0.75%
• 5 days: 2.35%
• 1 month: -6.11%
• 3 months: -13.16%
• 6 months: -11.02%
• Year to date: -2.94%
• 1 year: 1.39%
• 5 years: -14.41%
• 10 years: 151.03%
• Sector: Utilities
• Industry: Electric Services

About: 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.

Employees: 1,576

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

937% more call options, than puts

Call options by funds: $196M | Put options by funds: $18.9M

5% more capital invested

Capital invested by funds: $3.95B [Q2] → $4.17B (+$215M) [Q3]

6% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 31

1% less funds holding

Funds holding: 277 [Q2] → 275 (-2) [Q3]

1.64% less ownership

Funds ownership: 91.33% [Q2] → 89.68% (-1.64%) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 110

40% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]

Research analyst outlook

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

• Low target: $73 9% upside
• Avg. target: $84 24% upside
• High target: $92 37% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Jefferies Julien Dumoulin-Smith 52% 1-year accuracy 37 / 71 met price target	9% upside $73	Hold Initiated	10 Jan 2025
Piper Sandler Derek Podhaizer 44% 1-year accuracy 4 / 9 met price target	16% upside $78	Neutral Initiated	19 Dec 2024
Roth MKM Justin Clare 50% 1-year accuracy 13 / 26 met price target	37% upside $92	Buy Reiterated	8 Nov 2024
Oppenheimer Noah Kaye 63% 1-year accuracy 36 / 57 met price target	36% upside $91	Outperform Maintained	8 Nov 2024