Company research
ORMAT TECHNOLOGIES, INC.
CIK 1296445Updated Sep 24, 2026
SecurityORA · NYSE · equity
ORA price & chart
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NYSE:ORA on TradingView ↗About the company
With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company, and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter - a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,600MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,835MW with a 1,340MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and …
In the news
Ormat Technologies Accelerates Enhanced Geothermal System (EGS) Deployments and Introduces Ormega100 Unit to Commercialize and Scale the Largest Binary Unit in the Industry ↗
Recent filings
SCHEDULE 13G filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13G filing
Submission of Matters to a Vote of Security Holders
Items 5.07
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,246,508,000Source | 5,666,224,000Source | 5,208,279,000Source | 4,611,579,000Source |
| Property, Plant and Equipment, NetUSD | 3,672,569,000Source | 3,501,886,000Source | 2,998,949,000Source | 2,493,457,000Source |
| GoodwillUSD | 168,244,000Source | 151,023,000Source | 90,544,000Source | 90,325,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 274,548,000Source | 301,745,000Source | 307,609,000Source | 333,845,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 147,448,000Source | 94,395,000Source | 195,808,000Source | 95,872,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 164,772,000Source | 164,050,000Source | 208,704,000Source | 128,818,000Source |
| Inventory, NetUSD | 45,268,000Source | 38,092,000Source | 45,037,000Source | 22,832,000Source |
| Assets, CurrentUSD | 597,769,000Source | 547,122,000Source | 646,003,000Source | 456,717,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 40,141,000Source | 59,173,000Source | 41,595,000Source | 29,571,000Source |
| Operating Lease, Right-of-Use AssetUSD | 41,756,000Source | 32,114,000Source | 24,057,000Source | 23,411,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,555,232,000Source | 3,105,844,000Source | 2,756,693,000Source | 2,581,014,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 61,000Source | 61,000Source | 60,000Source | 56,000Source |
| Retained Earnings (Accumulated Deficit)USD | 909,343,000Source | 814,518,000Source | 719,894,000Source | 623,907,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -2,132,000Source | -6,731,000Source | -1,332,000Source | 2,500,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,543,943,000Source | 2,425,129,000Source | 2,315,427,000Source | 1,867,571,000Source |
| Additional Paid in Capital, Common StockUSD | 1,654,635,000Source | 1,635,245,000Source | 1,614,769,000Source | 1,259,072,000Source |
| Liabilities and EquityUSD | 6,246,508,000Source | 5,666,224,000Source | 5,208,279,000Source | 4,611,579,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 738,388,000Source | 598,078,000Source | 537,012,000Source | 343,910,000Source |
| Operating Lease, Liability, CurrentUSD | 4,764,000Source | 3,633,000Source | 3,329,000Source | 2,347,000Source |
| Operating Lease, Liability, NoncurrentUSD | 29,760,000Source | 22,523,000Source | 19,790,000Source | 19,788,000Source |
| Deferred Income Tax Liabilities, NetUSD | 68,661,000Source | 68,616,000Source | 66,748,000Source | 83,465,000Source |
| Other Liabilities, NoncurrentUSD | 33,637,000Source | 29,270,000Source | 22,107,000Source | 3,317,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 136,931,000Source | 125,803,000Source | 125,560,000Source | 153,404,000Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | 2,660,570,000Source | 2,344,746,000Source | 1,989,557,000Source | 2,052,601,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 10,402,000Source | 9,448,000Source | 10,599,000Source | 9,590,000Source |
| Restricted Cash and Investments, CurrentUSD | 133,418,000Source | — | 91,962,000Source | 130,804,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 126,990,000Source | 131,241,000Source | 133,137,000Source | 77,795,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 292,124,000Source | 262,863,000Source | 224,797,000Source | 198,792,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 19,390,000Source | 20,197,000Source | 15,478,000Source | 11,646,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 7,176,000Source | -6,945,000Source | 22,205,000Source | -5,613,000Source |
| Deferred Income Tax Expense (Benefit)USD | -43,152,000Source | -40,803,000Source | -28,262,000Source | -17,496,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 335,101,000Source | 410,919,000Source | 309,401,000Source | 280,974,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 88,650,000Source | 274,631,000Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -726,435,000Source | -780,254,000Source | -628,343,000Source | -523,406,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | 0Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 619,776,000Source | 487,678,000Source | 618,383,000Source | 563,476,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | 0Source | 0Source | 17,964,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 465,746,000Source | 287,916,000Source | 379,964,000Source | 126,273,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 29,072,000Source | 29,109,000Source | 28,412,000Source | 27,143,000Source |
| Repayments of Long-term DebtUSD | 265,462,000Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 75,094,000Source | -81,998,000Source | 61,094,000Source | -116,768,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 111,700,000Source | 102,605,000Source | 72,236,000Source | 69,132,000Source |
| Income Taxes Paid, NetUSD | 9,846,000Source | 26,183,000Source | 26,250,000Source | 29,004,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 19,390,000Source | 20,197,000Source | 15,479,000Source | 11,646,000Source |
| Amortization of Debt Issuance CostsUSD | 6,400,000Source | 5,900,000Source | 5,900,000Source | 4,200,000Source |
| Amortization of Intangible AssetsUSD | 25,400,000Source | 27,800,000Source | 26,800,000Source | 27,200,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 8,330,000Source | 7,747,000Source | 6,164,000Source | 5,257,000Source |
| DepreciationUSD | 252,000,000Source | 222,200,000Source | 186,500,000Source | 163,200,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | 66,726,000Source | 73,054,000Source | 61,157,000Source | 33,885,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 5,248,000Source | -4,187,000Source | -3,278,000Source | -6,044,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 303,000Source | -101,000Source | -35,000Source | 89,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | 294,000Source | 413,000Source | -154,000Source | -1,019,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | 0Source | -1,102,000Source |
| General and Administrative ExpenseUSD | 79,592,000Source | 80,119,000Source | 68,179,000Source | 61,274,000Source |
| GoodwillUSD | 168,244,000Source | 151,023,000Source | 90,544,000Source | 90,325,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 0Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 960,000Source | -425,000Source | 35,000Source | -3,072,000Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | 960,000Source | -425,000Source | 35,000Source | -3,072,000Source |
| Income Tax Expense (Benefit)USD | -20,282,000Source | -16,289,000Source | 5,983,000Source | 14,742,000Source |
| InterestExpenseNonoperatingUSD | 141,851,000Source | 134,031,000Source | — | — |
| Investment Income, InterestUSD | 6,015,000Source | 7,883,000Source | 11,983,000Source | 3,417,000Source |
| Net Income (Loss) Attributable to ParentUSD | 123,898,000Source | 123,733,000Source | 124,399,000Source | 65,841,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,092,000Source | 7,508,000Source | 8,738,000Source | 11,954,000Source |
| Other Nonoperating Income (Expense)USD | 385,000Source | 188,000Source | 1,519,000Source | -709,000Source |
| Other Operating Income (Expense), NetUSD | 14,844,000Source | 9,375,000Source | — | — |
| Payments of DividendsUSD | — | — | 28,400,000Source | 27,100,000Source |
| Payments of Financing CostsUSD | 20,809,000Source | 7,058,000Source | 4,229,000Source | 1,699,000Source |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 341,671,000Source | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | 0Source | 0Source | 32,645,000Source |
| Proceeds from Noncontrolling InterestsUSD | 10,276,000Source | 12,251,000Source | 7,341,000Source | 5,443,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 0Source | 314,000Source | 39,000Source |
| Restricted Cash and Investments, CurrentUSD | 133,418,000Source | — | 91,962,000Source | 130,804,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 989,543,000Source | 879,654,000Source | 829,424,000Source | 734,159,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | -550,000Source | -856,000Source | 2,206,000Source | -1,613,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of RevenueUSD | 716,858,000Source | 607,035,000Source | 565,406,000Source | 465,335,000Source |
| Operating Income (Loss)USD | 169,225,000Source | 172,470,000Source | 166,585,000Source | 152,803,000Source |
| Other Nonoperating Income (Expense)USD | 385,000Source | 188,000Source | 1,519,000Source | -709,000Source |
| Income Tax Expense (Benefit)USD | -20,282,000Source | -16,289,000Source | 5,983,000Source | 14,742,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 3,092,000Source | 7,508,000Source | 8,738,000Source | 11,954,000Source |
| Net Income (Loss) Attributable to ParentUSD | 123,898,000Source | 123,733,000Source | 124,399,000Source | 65,841,000Source |
| Earnings Per Share, BasicUSD per share | 2.04Source | 2.05Source | 2.09Source | 1.17Source |
| Earnings Per Share, DilutedUSD per share | 2.02Source | 2.04Source | 2.08Source | 1.17Source |
| Total Revenue | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 60,705,000Source | 60,455,000Source | 59,424,000Source | 56,063,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 61,362,000Source | 60,790,000Source | 59,762,000Source | 56,503,000Source |
| Interest Expense (non-operating)USD | 141,851,000Source | 134,031,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 25,400,000Source | 27,800,000Source | 26,800,000Source | 27,200,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.48Source | 0.48Source | 0.48Source | — |
| Current Income Tax Expense (Benefit)USD | 22,870,000Source | 24,514,000Source | 34,245,000Source | 32,238,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 292,124,000Source | 262,863,000Source | 224,797,000Source | 198,792,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 5,248,000Source | -4,187,000Source | -3,278,000Source | -6,044,000Source |
| General and Administrative ExpenseUSD | 79,592,000Source | 80,119,000Source | 68,179,000Source | 61,274,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 272,685,000Source | 272,619,000Source | 264,018,000Source | 268,824,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 17,634,000Source | 36,984,000Source | 53,984,000Source | 23,709,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 960,000Source | -425,000Source | 35,000Source | -3,072,000Source |
| Interest ExpenseUSD | — | — | 98,881,000Source | 87,743,000Source |
| Investment Income, InterestUSD | 6,015,000Source | 7,883,000Source | 11,983,000Source | 3,417,000Source |
| Other Operating Income (Expense), NetUSD | 14,844,000Source | 9,375,000Source | — | — |
| Research and Development ExpenseUSD | 6,304,000Source | 6,501,000Source | 7,215,000Source | 5,078,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 989,543,000Source | 879,654,000Source | 829,424,000Source | 734,159,000Source |
| Selling and Marketing ExpenseUSD | 18,898,000Source | 17,694,000Source | 18,306,000Source | 16,193,000Source |
Filing attachments
ea028270301ex4-1.htm · 8-K · 2026-03-23
EX-4.1 2 ea028270301ex4-1.htm SERIES A NOTES INDENTURE, DATED MARCH 20, 2026, BETWEEN ORMAT TECHNOLOGIES, INC. AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE Exhibit 4.1 ORMAT TECHNOLOGIES, INC. AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of March 20, 2026 1.50% Series A Convertible Senior Notes due 2031 TABLE OF CONTENTS Page Article 1 Definitions Section 1.01. Definitions 1 Section 1.02. References to Interest 14 Article 2 I…
Read attachment ↗ea028270301ex4-3.htm · 8-K · 2026-03-23
EX-4.3 3 ea028270301ex4-3.htm SERIES B NOTES INDENTURE, DATED MARCH 20, 2026, BETWEEN ORMAT TECHNOLOGIES, INC. AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE Exhibit 4.3 ORMAT TECHNOLOGIES, INC. AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of March 20, 2026 0.00% Series B Convertible Senior Notes due 2031 TABLE OF CONTENTS …
Read attachment ↗ea028270301ex99-1.htm · 8-K · 2026-03-23
EX-99.1 4 ea028270301ex99-1.htm PRESS RELEASE DATED MARCH 17, 2026 Exhibit 99.1 Ormat Technologies Contact: Investor Relations Agency Contact: Smadar Lavi Joseph Caminiti or Josh Carroll VP Head of IR and ESG Planning & Reporting Alpha IR Group 775-356-9029 (ext. 65726) 312-445-2870 slavi@ormat.com ORA@alpha-ir.com Ormat Technologies, Inc. Announces Proposed …
Read attachment ↗ea028270301ex99-2.htm · 8-K · 2026-03-23
EX-99.2 5 ea028270301ex99-2.htm PRESS RELEASE DATED MARCH 18, 2026 Exhibit 99.2 Ormat Technologies Contact: Investor Relations Agency Contact: Smadar Lavi Joseph Caminiti or Josh Carroll VP Head of IR and ESG Planning & Reporting Alpha IR Group 775-356-9029 (ext. 65726) 312-445-2870 slavi@ormat.com ORA@alpha-ir.com Ormat Technologies, Inc. Announces pricing o…
Read attachment ↗