(ORA) Ormat Technologies - Overview
Stock: Geothermal, Solar, Recovered-Energy, Battery-Storage, Equipment
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.57% |
| Yield on Cost 5y | 0.40% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 91.8% |
| Payout Ratio | 21.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.3% |
| Relative Tail Risk | -1.60% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.59 |
| Alpha | 82.49 |
| Character TTM | |
|---|---|
| Beta | 0.502 |
| Beta Downside | 0.460 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.24% |
| CAGR/Max DD | 0.30 |
Description: ORA Ormat Technologies January 09, 2026
Ormat Technologies Inc. (NYSE: ORA) develops, builds, owns, and operates geothermal, solar-PV, and waste-heat recovery power plants, while also designing and selling the equipment that enables those projects. Its business is organized into three segments: Electricity (power generation and sales), Product (geothermal-equipment manufacturing and EPC services), and Energy Storage (battery systems and related services). The company’s customer base spans contractors, plant owners, and operators across a range of energy-intensive industries worldwide.
Key operating metrics that shape Ormat’s outlook include: (1) 2023 revenue of roughly $1.2 billion with an adjusted EBITDA margin near 30 %, reflecting the high-capacity-factor nature of geothermal assets (often > 90 %); (2) a development pipeline of about 5 GW of geothermal and recovered-energy projects, which, if realized, could lift total generation capacity to > 2 GW by 2028; and (3) exposure to renewable tax incentives and long-term power purchase agreements that help mitigate inflation-driven EPC cost pressures. Sector-wide, global geothermal capacity is expanding at ~5 % CAGR, driven by the need for baseload renewable power and increasing corporate renewable-energy procurement.
For a data-driven deep-dive into ORA’s valuation and risk profile, the ValueRay analysis offers a concise, quantitative supplement to this overview.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 133.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -1.04 > 1.0 |
| NWC/Revenue: -15.90% < 20% (prev -3.24%; Δ -12.66% < -1%) |
| CFO/TA 0.06 > 3% & CFO 388.7m > Net Income 133.4m |
| Net Debt (2.68b) to EBITDA (544.7m): 4.91 < 3 |
| Current Ratio: 0.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (61.1m) vs 12m ago 0.60% < -2% |
| Gross Margin: 28.32% > 18% (prev 0.31%; Δ 2801 % > 0.5%) |
| Asset Turnover: 16.16% > 50% (prev 15.92%; Δ 0.24% > 0%) |
| Interest Coverage Ratio: 1.85 > 6 (EBITDA TTM 544.7m / Interest Expense TTM 141.4m) |
Altman Z'' 0.88
| A: -0.02 (Total Current Assets 504.7m - Total Current Liabilities 654.8m) / Total Assets 6.09b |
| B: 0.15 (Retained Earnings 885.2m / Total Assets 6.09b) |
| C: 0.04 (EBIT TTM 261.6m / Avg Total Assets 5.84b) |
| D: 0.26 (Book Value of Equity 878.0m / Total Liabilities 3.44b) |
| Altman-Z'' Score: 0.88 = B |
Beneish M -3.07
| DSRI: 0.86 (Receivables 211.9m/231.7m, Revenue 944.2m/890.3m) |
| GMI: 1.10 (GM 28.32% / 31.17%) |
| AQI: 0.96 (AQ_t 0.15 / AQ_t-1 0.15) |
| SGI: 1.06 (Revenue 944.2m / 890.3m) |
| TATA: -0.04 (NI 133.4m - CFO 388.7m) / TA 6.09b) |
| Beneish M-Score: -3.07 (Cap -4..+1) = AA |
What is the price of ORA shares?
Over the past week, the price has changed by -1.43%, over one month by +5.71%, over three months by +7.44% and over the past year by +92.89%.
Is ORA a buy, sell or hold?
- StrongBuy: 3
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ORA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 126.2 | 2.5% |
| Analysts Target Price | 126.2 | 2.5% |
| ValueRay Target Price | 145.3 | 18% |
ORA Fundamental Data Overview January 31, 2026
P/E Forward = 53.4759
P/S = 8.0425
P/B = 3.1004
P/EG = 5.3565
Revenue TTM = 944.2m USD
EBIT TTM = 261.6m USD
EBITDA TTM = 544.7m USD
Long Term Debt = 2.29b USD (from longTermDebt, last quarter)
Short Term Debt = 432.1m USD (from shortTermDebt, last quarter)
Debt = 2.75b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.68b USD (from netDebt column, last quarter)
Enterprise Value = 10.27b USD (7.59b + Debt 2.75b - CCE 79.6m)
Interest Coverage Ratio = 1.85 (Ebit TTM 261.6m / Interest Expense TTM 141.4m)
EV/FCF = -48.04x (Enterprise Value 10.27b / FCF TTM -213.8m)
FCF Yield = -2.08% (FCF TTM -213.8m / Enterprise Value 10.27b)
FCF Margin = -22.64% (FCF TTM -213.8m / Revenue TTM 944.2m)
Net Margin = 14.12% (Net Income TTM 133.4m / Revenue TTM 944.2m)
Gross Margin = 28.32% ((Revenue TTM 944.2m - Cost of Revenue TTM 676.8m) / Revenue TTM)
Gross Margin QoQ = 25.64% (prev 24.31%)
Tobins Q-Ratio = 1.69 (Enterprise Value 10.27b / Total Assets 6.09b)
Interest Expense / Debt = 1.30% (Interest Expense 35.7m / Debt 2.75b)
Taxrate = 14.77% (4.28m / 29.0m)
NOPAT = 223.0m (EBIT 261.6m * (1 - 14.77%))
Current Ratio = 0.77 (Total Current Assets 504.7m / Total Current Liabilities 654.8m)
Debt / Equity = 1.10 (Debt 2.75b / totalStockholderEquity, last quarter 2.51b)
Debt / EBITDA = 4.91 (Net Debt 2.68b / EBITDA 544.7m)
Debt / FCF = -12.52 (negative FCF - burning cash) (Net Debt 2.68b / FCF TTM -213.8m)
Total Stockholder Equity = 2.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.28% (Net Income 133.4m / Total Assets 6.09b)
RoE = 5.39% (Net Income TTM 133.4m / Total Stockholder Equity 2.47b)
RoCE = 5.49% (EBIT 261.6m / Capital Employed (Equity 2.47b + L.T.Debt 2.29b))
RoIC = 4.40% (NOPAT 223.0m / Invested Capital 5.07b)
WACC = 5.99% (E(7.59b)/V(10.35b) * Re(7.76%) + D(2.75b)/V(10.35b) * Rd(1.30%) * (1-Tc(0.15)))
Discount Rate = 7.76% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.52%
Fair Price DCF = unknown (Cash Flow -213.8m)
EPS Correlation: -4.04 | EPS CAGR: -44.12% | SUE: -4.0 | # QB: 0
Revenue Correlation: 85.89 | Revenue CAGR: 7.41% | SUE: 2.71 | # QB: 2
EPS next Quarter (2026-03-31): EPS=0.92 | Chg30d=+0.033 | Revisions Net=+1 | Analysts=7
EPS next Year (2026-12-31): EPS=2.51 | Chg30d=-0.051 | Revisions Net=+1 | Growth EPS=+14.9% | Growth Revenue=+18.7%