ORA
UtilitiesOrmat Technologies, Inc. · Renewable Utilities · $8B
What is Ormat Technologies, Inc.?
Ormat Technologies is a geothermal and renewable energy company operating power plants across more than a dozen countries. Headquartered in Reno, Nevada, it generates revenue through electricity sales, equipment manufacturing, and energy storage services.
Ormat develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy power plants — then sells the electricity produced. Its Product segment designs and manufactures equipment for geothermal and recovered energy generation, serving plant developers, pipeline operators, and industrial customers globally. A third segment provides energy storage solutions and related engineering services. This three-segment model gives Ormat exposure to both recurring utility-style revenue and project-based equipment sales.
Ormat Technologies was founded in 1965 and is headquartered in Reno, Nevada.
- Geothermal power plant development and operation
- Recovered energy generation equipment and systems
- Solar photovoltaic power generation
- Energy storage solutions and engineering services
- Remote power units for industrial and pipeline applications
Is ORA a Good Stock to Buy?
UQS Score rates ORA as Below Average overall, reflecting meaningful headwinds across several key dimensions.
The Growth pillar stands out as the clearest positive — Ormat's expanding international footprint and rising demand for geothermal baseload power support a constructive growth profile relative to many utility peers. The Moat pillar registers as Neutral, acknowledging the real but limited competitive barriers that geothermal land rights and long-term power purchase agreements provide.
Both the Quality and Risk pillars score Weak, pointing to concerns around financial returns and balance sheet risk. The Valuation pillar reads Elevated, suggesting the market may already be pricing in an optimistic growth scenario.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ORA pay dividends?
Yes — Ormat Technologies, Inc. pays a dividend.
Ormat Technologies pays a regular dividend, which is somewhat uncommon among growth-oriented renewable energy developers. The dividend reflects the company's utility-like electricity revenue stream, which provides relatively predictable cash flows. Income-focused investors should weigh the dividend against the Elevated Valuation and Weak Risk pillar ratings before treating it as a primary return driver.
When does ORA report earnings?
Ormat Technologies reports earnings on a quarterly cadence, consistent with US-listed equities.
Ormat's results tend to reflect the interplay between its steady electricity segment and the more variable timing of equipment sales and project completions. Energy storage contributions have grown as a share of the business in recent periods. Investors should watch segment-level revenue trends rather than consolidated totals alone.
For the most recent quarter's results, visit Ormat Technologies' investor relations page directly.
ORA Price History
+61.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Ormat Technologies, Inc.?
Based on Ormat Technologies, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ORA Long-term Outlook
The Growth pillar's Good rating suggests Ormat's expansion into new geographies and the broader global push for clean baseload power could support above-average revenue trajectory for a utility-sector name. However, the Weak Risk pillar introduces uncertainty — leverage levels and project execution risk in emerging markets can weigh on outcomes. The Elevated Valuation pillar means there is limited margin for error if growth disappoints.
Growth drivers
- Rising global demand for geothermal baseload power as a complement to intermittent renewables
- International project pipeline across multiple continents diversifying revenue
- Energy storage segment growth tied to grid modernization trends
Key risks
- Elevated valuation leaves little room for execution shortfalls
- Weak Risk pillar reflects balance sheet and project financing exposure
- Geopolitical and regulatory risk across diverse emerging-market geographies
ORA vs Peers
Ormat operates in the broader clean energy and utilities space alongside several renewable power companies, each with a distinct business model.
Algonquin is a diversified Canadian utility with both regulated distribution and renewable generation assets, giving it a different risk and revenue profile than Ormat's geothermal-focused model.
Brookfield Renewable operates a large-scale, globally diversified portfolio of hydro, wind, and solar assets, offering investors broader renewable exposure than Ormat's geothermal specialization.
Clearway focuses on contracted wind and solar generation in the US, making it a more domestically concentrated alternative to Ormat's international geothermal footprint.
Frequently Asked Questions
What does Ormat Technologies do?
Ormat Technologies develops, owns, and operates geothermal and recovered energy power plants, selling electricity under long-term contracts. It also manufactures equipment for geothermal plants and provides energy storage solutions. The company operates across the United States and more than a dozen international markets.
Does ORA pay dividends?
Yes, Ormat Technologies pays a regular dividend. This is supported by the relatively predictable cash flows from its electricity segment. Investors should review the Weak Risk and Elevated Valuation pillar ratings alongside the dividend when assessing total return potential.
When does ORA report earnings?
Ormat Technologies follows a standard quarterly earnings cadence for US-listed companies. For the exact schedule and most recent results, check the investor relations section of Ormat's official website.
Is ORA a good stock to buy?
UQS Score rates ORA as Below Average overall. The Growth pillar is a relative strength, but Weak Quality and Risk pillars alongside an Elevated Valuation create a challenging combination. The full pillar breakdown is available to UQS Pro members for a more complete picture.
Is ORA overvalued?
The UQS Valuation pillar for ORA is rated Elevated, meaning the current market price appears to reflect an optimistic growth scenario relative to fundamentals. This does not guarantee the stock will fall, but it does suggest limited valuation cushion if results disappoint.
How does ORA compare to its competitors?
Compared to peers like Brookfield Renewable and Clearway Energy, Ormat is more narrowly focused on geothermal and recovered energy — a differentiated but smaller niche. Its international reach is broader than some peers, though that also introduces more geopolitical and execution risk.
What is ORA's market cap bracket?
Ormat Technologies is classified as a mid-cap stock. This places it in a size range that typically offers more liquidity than small-caps but less institutional coverage than large-cap utilities.
Who founded Ormat Technologies?
Ormat Technologies traces its origins to 1965. Information about the company's founders is widely available through public sources, including Ormat's official corporate history and financial filings.
Is ORA a long-term quality investment?
As a long-term quality indicator, ORA's Below Average UQS Score reflects concerns worth monitoring — particularly the Weak Quality and Risk pillars. The Good Growth rating suggests the business has expansion potential, but sustained improvement in financial returns and risk management would be needed to support a stronger long-term quality case.
What is the main competitive advantage of Ormat Technologies?
Ormat's primary competitive edge lies in its geothermal expertise and ownership of geothermal resource rights, which are difficult to replicate. Long-term power purchase agreements provide revenue visibility. However, the UQS Moat pillar rates this advantage as only Neutral, reflecting real but limited barriers relative to broader energy markets.
What sector does ORA belong to?
Ormat Technologies is classified in the Utilities sector. Within that sector, it occupies a specialized niche focused on geothermal and renewable energy generation rather than traditional regulated electric or gas distribution.
Is ORA a growth stock or value stock?
Based on UQS pillar labels, ORA leans toward growth — the Growth pillar is rated Good, suggesting above-average expansion potential. However, the Elevated Valuation pillar means it does not screen as a value stock. It sits closer to a growth-at-a-premium profile within the utilities space.
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Pro Analysis
ORA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 10, 2026 | 43.6 | 24.6 | 51.0 | 69.2 | 37.4 | 34.7 | +0.2 |
| May 8, 2026 | 43.4 | 24.6 | 51.0 | 68.5 | 37.4 | 34.6 | +0.8 |
| May 7, 2026 | 42.6 | 31.5 | 51.0 | 68.5 | 16.6 | 38.6 | -0.1 |
| Apr 26, 2026 | 42.7 | 31.5 | 51.0 | 68.5 | 16.6 | 39.0 | 0.0 |
| Apr 19, 2026 | 42.7 | 31.5 | 51.0 | 68.5 | 16.6 | 39.1 | 0.0 |
| Apr 18, 2026 | 42.7 | 31.5 | 51.0 | 68.3 | 16.6 | 39.8 | +0.1 |
| Apr 14, 2026 | 42.6 | 31.5 | 51.0 | 68.3 | 16.6 | 38.9 | +0.1 |
| Apr 12, 2026 | 42.5 | 31.5 | 51.0 | 68.3 | 16.6 | 37.9 | -0.1 |
| Apr 10, 2026 | 42.6 | 31.5 | 51.0 | 68.3 | 16.6 | 38.7 | -0.1 |
| Apr 5, 2026 | 42.7 | 31.5 | 51.0 | 68.7 | 16.6 | 39.2 | 0.0 |
ORA — Pillar Breakdown
Quality
— 31.1/100 (25%)Ormat Technologies, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 70.8/100 (20%)Ormat Technologies, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 16.9/100 (15%)Ormat Technologies, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 25.4/100 (15%)Ormat Technologies, Inc. appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 51/100 (25%)Ormat Technologies, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ORA.
Score Composition
Financial Data
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How is the ORA UQS Score Calculated?
The UQS (Unified Quality Score) for Ormat Technologies, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Ormat Technologies, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Ormat Technologies, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.