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+2.91%
Close of 9 Nov 2026, in USD
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About Ormat Technologies
From its filings with the US Securities and Exchange Commission
Ormat Technologies is based in Reno, Nevada and is incorporated in Delaware. Its shares trade on NYSE under the ticker ORA. The SEC classifies its business as electric services. In the fiscal year to 31 December 2025, it reported revenue of $989.5m and net income of $123.9m. At that date it held total assets of $6.25bn and shareholders' equity of $2.54bn.
We are a leading vertically integrated company primarily engaged in the geothermal power business. We leverage our core capabilities, proprietary technologies, and global presence to expand our activities in conventional geothermal development, recovered energy generation and emerging geothermal technologies, including piloting of new EGS technologies. In addition, we are expanding into different complementary energy solutions, including stand alone utility scale energy storage services and solar PV generation (including hybrid geothermal and solar PV as well as solar plus energy storage). Our objective is to become a leading global provider of renewable energy and to help mitigate climate change by providing reliable base-load and flexible alternatives to carbon-intensive energy sources. To support this objective, we have adopted a strategic plan focused on several key initiatives to expand our business, including advancing EGS through collaborations and pilot projects, diversifying our renewable energy offerings, and leveraging our operational expertise to drive long-term growth.
The revenues attributable to our Energy Storage segment for each of the years ended December 31, 2025 and 2024 were 100% generated in the United States.
Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Independent Power and Renewable Electricity Producers
- Listed since
- 11 Nov 2004
- Employees
- 1,648
- Website
- ormat.com ↗
- Head office
- 6884 SIERRA CENTER PARKWAY, RENO, NV, 89511
- Incorporated in
- DE
- Classification
- Electric Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Isaac AngelChairman of the Board, since 2014$315,000
- Mr. Doron BlacharChief Executive Officer$3.8m
- Mr. Assaf GinzburgChief Financial Officer$1.8m
- Mr. Ofer BenyosefExecutive Vice President - Energy Storage and Business Development$1.3m
- Mr. Shimon HatzirExecutive Vice President - Electricity Segment$1.5m
- Ms. Jessica WoelfelChief Compliance Officer, General Counsel, Corporate Secretary$1.2m
- Mr. Stanley SternLead Independent Director$225,000
- Ms. Ravit BarnivIndependent Director$191,250
- Ms. Karin CorfeeIndependent Director$225,000
- Mr. David GranotIndependent Director$225,000
- Ms. Michal Marom-BrikmanIndependent Director$235,000
- Ms. Dafna SharirIndependent Director$225,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 75
- Environment
- 90
- Social
- 72
- Governance
- 62
- Direct emissions (scope 1)
- 171,778 t
- Energy emissions (scope 2)
- 26,260 t
- Value chain emissions (scope 3)
- 337,122 t
- Women in the workforce
- 20%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Ormat Technologies Inc has several strengths that contribute to its success in the market. Firstly, the company possesses advanced and proprietary technology in the field of geothermal and recovered energy generation. This enables Ormat to provide innovative and efficient solutions to its customers, enhancing its competitive advantage.
- Secondly, Ormat has a strong global presence, with operations in many countries around the world. This global reach allows the company to diversify its revenue streams and mitigate risks associated with operating in a single market. It also opens up opportunities for expansion into new emerging markets.
- Moreover, Ormat has established strong relationships with key stakeholders, including government entities, utilities, and project developers. These relationships provide the company with access to project opportunities, contracts, and funding sources, facilitating its growth and market position.
Weaknesses
- Despite its strengths, Ormat Technologies Inc faces certain weaknesses that could potentially hinder its growth. One such weakness is its dependence on government policies and regulations relating to renewable energy. Changes in these policies could impact Ormat's ability to secure contracts and financing for its projects.
- Additionally, Ormat operates in a highly competitive market where larger and well-established companies pose a challenge. This could limit the company's market share and put pressure on its pricing and profitability.
- Lastly, Ormat's success heavily relies on its ability to identify and acquire suitable project opportunities. Any limitations or delays in securing new projects could slow down the company's growth trajectory.
Opportunities
- Ormat Technologies Inc has several opportunities that it can capitalize on to fuel its growth. Firstly, the global trend towards renewable energy presents a significant opportunity for the company as it specializes in geothermal and recovered energy generation. The increasing focus on sustainable and clean energy sources opens up new markets and potential project collaborations.
- Moreover, Ormat can benefit from the growing demand for distributed energy solutions and microgrids. With its expertise, the company is well-positioned to develop innovative energy solutions for remote communities, industries, and commercial entities.
- Additionally, Ormat can leverage its advanced technology and global presence to expand its product and service offerings. This could involve diversifying into related sectors such as energy storage or providing comprehensive energy solutions that combine multiple renewable sources.
Threats
- Ormat Technologies Inc faces certain threats that could impact its operations and market position. Firstly, regulatory and political uncertainties pose a risk, as changes in government policies or shifts in political landscapes could impact the company's ability to operate in certain markets or secure necessary permits.
- Secondly, the company operates in an industry where technological advancements occur rapidly. Ormat must stay at the forefront of innovation and continuously invest in research and development to remain competitive. Failure to do so could result in losing market share to more technologically advanced competitors.
- Additionally, economic factors such as fluctuations in energy prices and global financial conditions can impact the demand for renewable energy projects, potentially affecting Ormat's revenue and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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