ORA Stock - Ormat Technologies, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $879.65M | $829.42M | $734.16M | $663.08M | $705.34M |
| Gross Profit | $272.62M | $264.02M | $268.82M | $264.34M | $276.27M |
| Gross Margin | 31.0% | 31.8% | 36.6% | 39.9% | 39.2% |
| Operating Income | $172.47M | $166.59M | $152.80M | $169.36M | $214.01M |
| Net Income | $123.73M | $124.40M | $65.84M | $62.09M | $85.46M |
| Net Margin | 14.1% | 15.0% | 9.0% | 9.4% | 12.1% |
| EPS | $2.05 | $2.09 | $1.17 | $1.11 | $1.66 |
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 11th 2025 | TD Cowen | Reiterated | Hold | $115← $100 |
| November 5th 2025 | TD Cowen | Reiterated | Hold | $100← $95 |
| September 17th 2025 | Piper Sandler | Upgrade | Overweight | $102 |
| August 8th 2025 | TD Cowen | Reiterated | Hold | $85← $76 |
| July 30th 2025 | Robert W. Baird | Upgrade | Outperform | $103 |
| June 6th 2025 | Barclays | Upgrade | Overweight | - |
| March 13th 2025 | Robert W. Baird | Initiation | Neutral | $81 |
| February 20th 2025 | Jefferies | Upgrade | Buy | $78← $73 |
| January 10th 2025 | Jefferies | Initiation | Hold | $73 |
| December 19th 2024 | Piper Sandler | Initiation | Neutral | $78 |
| May 10th 2024 | TD Cowen | Reiterated | Hold | $76← $70 |
| February 23rd 2024 | TD Cowen | Reiterated | Market Perform | $70← $74 |
| August 7th 2023 | ROTH MKM | Upgrade | Buy | $92 |
| May 22nd 2023 | Barclays | Initiation | Equal Weight | $89 |
| March 1st 2023 | UBS | Upgrade | Buy | $105← $103 |
Earnings History & Surprises
ORAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $0.66 | — | — | — |
Q4 2025 | Nov 3, 2025 | $0.37 | $0.41 | +10.8% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $0.37 | $0.48 | +29.7% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.58 | $0.68 | +17.2% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $0.47 | $0.72 | +53.2% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.31 | $0.42 | +35.5% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $0.36 | $0.40 | +11.1% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.63 | $0.64 | +1.6% | ✓ BEAT |
Q1 2024 | Feb 21, 2024 | $0.59 | $0.59 | 0.0% | = MET |
Q4 2023 | Nov 8, 2023 | $0.35 | $0.59 | +68.6% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.34 | $0.40 | +17.6% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.50 | $0.51 | +2.0% | ✓ BEAT |
Q1 2023 | Feb 22, 2023 | $0.48 | $0.73 | +52.1% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $0.26 | $0.33 | +26.9% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $0.20 | $0.22 | +10.0% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $0.33 | $0.35 | +6.1% | ✓ BEAT |
Q1 2022 | Feb 23, 2022 | $0.30 | $0.41 | +36.7% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $0.22 | $0.32 | +45.5% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $0.22 | $0.23 | +4.5% | ✓ BEAT |
Latest News
Piper Sandler Maintains Overweight on Ormat Technologies, Raises Price Target to $125
📈 PositiveUBS Maintains Buy on Ormat Technologies, Raises Price Target to $135
📈 PositiveBarclays Maintains Overweight on Ormat Technologies, Raises Price Target to $118
📈 PositiveJP Morgan Maintains Neutral on Ormat Technologies, Raises Price Target to $111
📈 PositiveTD Cowen Maintains Hold on Ormat Technologies, Raises Price Target to $100
➖ NeutralRoth Capital Reiterates Buy on Ormat Technologies, Raises Price Target to $125
📈 PositiveOrmat Technologies Non-GAAP EPS of $0.41 beats by $0.03, revenue of $249.7M beats by $15.43M
📈 PositiveOrmat Technologies Raises FY2025 Sales Guidance from $935.000M-$975.000M to $960.000M-$980.000M vs $960.070M Est
📈 PositiveOrmat Technologies Q3 Adj. EPS $0.41 Beats $0.37 Estimate, Sales $249.727M Beat $234.304M Estimate
📈 PositiveOrmat Technologies, SLB Partner To Speed Up Development, Commercialization Of Integrated Geothermal Assets
📈 PositiveJP Morgan Maintains Neutral on Ormat Technologies, Raises Price Target to $99
➖ NeutralPiper Sandler Upgrades Ormat Technologies to Overweight, Raises Price Target to $102
📈 PositiveOrmat Technologies Signs Commercial Agreement With Sage Geosystems To Pilot Pressure Geothermal Technology, Accelerating Sustainable Energy Deployment And Efficiency Gains
📈 PositiveOrmat Technologies Signs 25-Year PPA Extension For 52MW Geothermal Power To Serve Southern California; No Financial Terms Disclosed
📈 PositivePiper Sandler Maintains Neutral on Ormat Technologies, Raises Price Target to $90
➖ NeutralFrequently Asked Questions about ORA
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