A Look At Ormat Technologies (ORA) Valuation As Geothermal And Storage Expansion Plans Take Shape
Ormat Technologies (ORA) is expanding its geothermal power and energy storage capacity, targeting 149 MW of added capacity and US$180 million for storage projects. The stock is currently trading at US$112.84, which is about 13% below the average analyst price target, suggesting potential undervaluation according to a narrative fair value of $127.27. However, its high P/E ratio of 55.4x, significantly above its fair ratio and industry average, raises valuation questions despite policy support for renewables potentially boosting future earnings.
ORA: Long Term PPAs And Storage Expansion Will Support Stronger Outlook
Ormat Technologies (ORA) has received a slightly adjusted price target of $127 from analysts. This comes as the company initiates commercial operations of a significant battery energy storage facility and extends and amends multiple power purchase agreements (PPAs) for its geothermal plants, including a new PPA with NV Energy to support Google's operations. Despite a slight reduction in fair value and profit margin assumptions, the company's future P/E multiple has increased, suggesting a higher valuation placed on its future earnings potential bolstered by these strategic expansions and long-term contracts.
SG Americas Securities Boosts Ormat Technologies Stake by 550%
SG Americas Securities LLC has significantly increased its stake in Ormat Technologies, Inc. by 549.8% during the fourth quarter of 2025, purchasing an additional 27,659 shares. The institutional investor now holds 32,690 shares of the renewable energy company, valued at approximately $3.6 million, signaling strong confidence in Ormat's growth potential. This move highlights a growing trend among institutional investors to bet on renewable energy companies that are crucial for the transition to sustainable power sources.
SG Americas Securities LLC Purchases 27,659 Shares of Ormat Technologies, Inc. $ORA
SG Americas Securities LLC significantly increased its stake in Ormat Technologies, Inc. in Q4, acquiring 27,659 additional shares to hold a total of 32,690 shares valued at approximately $3.61 million. This move reflects continued institutional interest, with analysts rating ORA a "Moderate Buy" and institutional investors owning 95.49% of the company. Ormat Technologies reported strong Q4 financials, including 19.6% year-over-year revenue growth and EPS in line with estimates, alongside a consistent quarterly dividend.
Ormat Technologies Drives Expansion Through Geothermal Solutions and Energy Storage
Ormat Technologies Inc. (ORA) is expanding its operations in geothermal energy and energy storage, aiming to significantly increase its generation capacity by 2027 and its U.S. energy storage portfolio by 2028. Despite positive share performance, the company faces challenges including tariff pressures in its energy storage division and geopolitical risks affecting its Israeli operations and supply chain. The article also highlights alternative investment opportunities in the energy sector.
Ormat Technologies Drives Expansion Through Geothermal Solutions and Energy Storage
Ormat Technologies Inc. (ORA) is actively expanding its operations by investing in geothermal energy and energy storage solutions, leveraging the global shift towards renewable energy. The company aims to significantly increase its generation capacity, with geothermal power expected to represent a large portion of its Electricity segment. Despite this growth, Ormat faces challenges including tariff pressures in its energy storage division and geopolitical risks affecting its Israeli operations, which could impact component delivery and project timelines.
Ormat Technologies Expands Growth via Geothermal and Energy Storage
Ormat Technologies (ORA) is expanding its growth through strategic investments in geothermal and energy storage, driven by increasing global adoption of renewable energy. The company plans significant additions to its generation capacity and energy storage portfolio but faces risks from tariff pressures in its energy storage segment and geopolitical tensions affecting its Israeli operations. Despite these challenges, ORA shares have outperformed the industry in the past six months.
Ormat Technologies Expands Growth via Geothermal and Energy Storage
Ormat Technologies (ORA) is expanding its geothermal and energy storage capacity to meet increasing global renewable energy demand. The company plans to add 149 MW of new capacity by 2027 and invest $180 million in energy storage projects, aiming for a significant portfolio expansion by 2028. However, ORA faces challenges from tariff pressures on its energy storage business and geopolitical risks impacting its Israeli operations, leading to potential cost increases and project delays.
Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2026 Financial Results
Ormat Technologies, Inc. (NYSE: ORA) announced it will release its first quarter 2026 financial results after market close on Wednesday, May 6, 2026. A conference call to discuss these results is scheduled for 9:00 a.m. ET on Thursday, May 7, 2026. Details for joining the call and accessing the webcast replay have been provided.
Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2026 Financial Results
Ormat Technologies, Inc. announced it will release its first quarter 2026 financial results on Wednesday, May 6, 2026, after market close. The company will host a conference call to discuss these results on Thursday, May 7, 2026, at 9:00 a.m. ET. Details for joining the call and accessing the webcast replay have been provided.
Ormat will release first-quarter results May 6, then hold a call May 7
Ormat Technologies (NYSE: ORA) announced it will release its first-quarter 2026 financial results on Wednesday, May 6, 2026, after market close. The company will then host a conference call at 9:00 a.m. ET on Thursday, May 7, 2026, to discuss these results. Investors can access the call via dial-in numbers or a live webcast, with replay details also provided.
Ormat Technologies, Inc. $ORA Shares Sold by Assenagon Asset Management S.A.
Assenagon Asset Management S.A. reduced its stake in Ormat Technologies (NYSE:ORA) by 23.7% in the fourth quarter, selling 9,221 shares and now owning 29,618 shares worth $3.27 million. Despite this reduction, institutional investors collectively own 95.49% of the stock, and Wall Street analysts maintain a "Moderate Buy" rating with a consensus price target of $129.09. The company reported strong Q4 2025 revenues of $276 million, beating estimates, and pays a quarterly dividend of $0.12.
Ormat Technologies: Big Pullback Offers Buying Opportunity For Long-Term Investors (ORA)
Ormat Technologies is a leading geothermal power company with strong barriers to entry and accelerating revenue growth, driven by long-term power purchase agreements with major data centers. The company's expansion into energy storage and hybrid projects, alongside advanced geothermal technologies, positions it for robust EPS growth. Despite premium valuation multiples, the firm presents a buying opportunity for long-term investors due to its expanding project pipeline and favorable sector tailwinds.
How Investors May Respond To Ormat Technologies (ORA) 2031 Convertible Notes And Dilution Trade-Off
Ormat Technologies recently completed two convertible note offerings totaling US$750 million, which include zero-coupon and 1.5% senior unsecured notes due in March 2031. This move provides significant financial flexibility but also introduces the potential for future equity dilution. Investors are encouraged to weigh the benefits of increased funding for growth against the risks of dilution and the capital-intensive nature of Ormat's geothermal and storage projects.
Vanguard disaggregates holdings after realignment — Ormat (NYSE: ORA) shows 0 shares
The Vanguard Group filed an amended Schedule 13G/A for Ormat Technologies Inc. (NYSE: ORA), reporting beneficial ownership of 0 shares, representing 0% of its common stock. This change follows an internal realignment effective January 12, 2026, which led to disaggregated reporting as per SEC Release No. 34-39538. The filing clarifies that certain subsidiaries will now report their beneficial ownership separately from The Vanguard Group.
ORA (NYSE: ORA) affiliate sells 4,625 shares in March 2026
An affiliate of ORA (NYSE: ORA) has sold 4,625 shares over five trades in March 2026, generating aggregate proceeds of $492,796.91. Additionally, ORA filed a Form 144 reporting a proposed sale of 2,666 performance shares by the issuer on March 21, 2026. These transactions are routine disclosures of security sales.
Insider Selling: Ormat Technologies (NYSE:ORA) Insider Sells 136 Shares of Stock
Ormat Technologies insider Jessica Woelfel sold 136 shares of the company's stock on March 24th, following earlier sales in March, bringing her total sales for the month to 3,364 shares valued at approximately $353,621. The renewable energy company reported Q4 results that met EPS expectations, with revenue up 19.6% year-over-year, and has a consensus "Moderate Buy" analyst rating with an average target price of $129.09. Institutional investors have also adjusted their positions in ORA.
Ormat (NYSE: ORA) EVP gains shares as PSUs vest and RSUs granted
Ormat Technologies' EVP, Energy Storage & BD, Benyosef Ofer, received common stock through the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). On March 21, 2026, 626 RSUs vested, converting into an equal number of common shares, and 3,888 PSUs also vested and were paid out in common stock due to strong achievement of performance goals (75% relative total stockholder return and 200% megawatt capacity goals). An additional 1,296 PSUs were converted into time-vesting RSUs, and no share sales were reported in connection with these compensation-related events.
Ormat Technologies (ORA) GC reports RSU and PSU vesting plus tax sell
Ormat Technologies' General Counsel, Chief Compliance Officer, and Corporate Secretary, Jessica Woelfel, reported the vesting of restricted stock units (RSUs) and performance stock units (PSUs). A portion of the shares from the vesting were subsequently sold to cover tax withholding obligations. This transaction resulted in a slight decrease in her direct common stock holdings.
Ormat Technologies, Inc. Announces Closing of Upsized $1 Billion Convertible Senior Notes Offering
Ormat Technologies, Inc. announced the closing of its upsized $1 billion convertible senior notes offering, consisting of $825 million in Series A Notes and $175 million in Series B Notes, following the full exercise of initial purchasers’ options. The offering strengthens Ormat's balance sheet, provides financial flexibility, and reduces equity dilution. A portion of the proceeds was used to repurchase existing convertible notes and common stock, with the remainder allocated for general corporate purposes.
ORA Stock Price, Quote & Chart | ORMAT TECHNOLOGIES INC (NYSE:ORA)
This article provides a comprehensive overview of ORMAT Technologies Inc. (NYSE: ORA), including its current stock price, recent performance, key financial statistics, and analyst forecasts. ORA's stock is currently trading at $110.9 USD, with a 56.87% increase over the past year. The company's financials show a market cap of $6.748B, a P/E ratio of 49.51, and a dividend yield of 0.43%.
Ormat wraps up USD-1bn senior notes offering
Ormat Technologies, Inc. has successfully completed its previously announced offering of $1 billion in senior unsecured notes due 2031. The offering, consisting of 6.250% senior notes, priced on March 11, 2026, and closed today, March 24, 2026. The proceeds are intended for general corporate purposes, including the repayment of existing debt and funding for renewable energy projects.
Ormat Technologies closes $1B convertible notes offering By Investing.com
Ormat Technologies Inc. has successfully completed a private offering of $1 billion in convertible senior notes, consisting of Series A (1.50%) and Series B (0.00%) notes, both due 2031. The renewable energy company used a portion of the proceeds to repurchase existing convertible notes and common stock, with the remainder allocated for general corporate purposes. CEO Doron Blachar highlighted the benefits of this capital raise in terms of low cash coupon, financial flexibility, and reduced equity dilution.
Ormat Technologies, Inc. Announces Closing of Upsized $1 Billion Convertible Senior Notes Offering
Ormat Technologies, Inc. announced the closing of its upsized $1 billion convertible senior notes offering, which includes Series A and Series B notes due 2031. This offering, which capitalized on strong market demand, provides the company with financial flexibility and strengthens its balance sheet. The proceeds were used to repurchase existing convertible notes and common stock, with the remainder allocated for general corporate purposes, enhancing Ormat's ability to grow, particularly in geothermal and energy storage markets.
Ormat Technologies, Inc. Announces Closing of Upsized $1 Billion Convertible Senior Notes Offering
Ormat Technologies, Inc. has successfully closed an upsized private offering of $1 billion in convertible senior notes, including Series A Notes at 1.50% interest and Series B Notes at 0.00% interest, both maturing in 2031. This offering, which saw strong demand and full exercise of the initial purchasers' option, strengthens Ormat's balance sheet and provides financial flexibility with reduced equity dilution. The net proceeds were partly used to repurchase existing convertible senior notes due 2027 and company common stock, with the remainder allocated for general corporate purposes.
Community Voices Concerns at Cedarville Geothermal Exploration Meeting
Residents of Cedarville expressed significant concerns at a town hall meeting regarding a proposed geothermal exploration project by Ormat Technologies Inc. near Lake City. While Ormat assures the current plan is solely for exploration, with no power plant yet, locals raised questions about potential impacts on groundwater, air quality, wildlife, agriculture, and the valley's rural character, indicating ongoing opposition as the project proceeds.
$1B financing lets Ormat retire 2027 debt and buy back stock
Ormat Technologies closed an upsized $1 billion private offering of convertible senior notes due March 15, 2031, consisting of Series A at 1.50% coupon and Series B at 0.00% coupon. The company used approximately $287.9 million of the net proceeds, plus cash and shares, to repurchase $285.9 million of its 2027 convertible notes, and an additional $25 million for share repurchases. This strategic move aims to strengthen the balance sheet, reduce near-term maturities, and provide financial flexibility for future growth, despite some immediate equity dilution.
Ormat Technologies closes $1B convertible notes offering
Ormat Technologies Inc. (NYSE:ORA) has completed a private offering of $1 billion in convertible senior notes, consisting of Series A at 1.50% interest and Series B at 0.00% interest, both due in 2031. The company used a significant portion of the proceeds to repurchase its 2027 convertible senior notes and common stock, aiming for financial flexibility and reduced equity dilution. This capital raise follows recent amendments to power purchase agreements and revised analyst ratings for Ormat.
Ormat Technologies Completes $1.0 Billion Convertible Notes Offering Via Series A and B Indentures
Ormat Technologies has successfully completed a $1.0 billion private offering of convertible senior notes, issued through two new indentures dated March 20, 2026. The offering includes $825 million of 1.50% Series A Notes and $175 million of 0.00% Series B Notes, both maturing in March 2031 and initially convertible at approximately $140.40 per share. The net proceeds will be used to repurchase existing 2027 notes, conduct share repurchases, and for general corporate purposes, enhancing the company's financial flexibility.
Ormat Technologies, Inc. Announces Closing of Upsized $1 Billion Convertible Senior Notes Offering
Ormat Technologies, Inc. has announced the closing of its upsized private offering of $1 billion in convertible senior notes, comprising $825 million in Series A Notes with a 1.50% interest rate and $175 million in Series B Notes with 0.00% interest, both due in 2031. The offering included the full exercise of the initial purchasers’ option for additional notes. The company utilized part of the net proceeds to repurchase existing 2.50% convertible senior notes due 2027 and some of its common stock, with the remainder allocated for general corporate purposes.
Ormat Technologies, Inc. (NYSE:ORA) Receives Consensus Rating of "Moderate Buy" from Analysts
Ormat Technologies, Inc. (NYSE:ORA) has received a consensus "Moderate Buy" rating from twelve analysts, with eight recommending a buy and four a hold. The average 12-month price target is $129.09. The company recently reported Q4 earnings in line with estimates and revenue above expectations, with a 19.6% year-over-year increase.
Ormat Technologies (ORA) raises $1B in 2031 converts and retires 2027 notes
Ormat Technologies has successfully completed a private offering of $1 billion in convertible senior notes due 2031, consisting of 1.50% Series A Notes and 0.00% Series B Notes. The company plans to use approximately $287.9 million of the proceeds, along with cash on hand and shares, to repurchase $285.9 million of its 2.50% convertible notes due 2027, reducing outstanding debt of that series. Additionally, $25 million will be used for common stock repurchases, with the remaining funds allocated for general corporate purposes, thereby extending its capital structure’s maturity and introducing potential equity dilution at a conversion price of approximately $140.40 per share.
Ormat Technologies, Inc. Announces Pricing of Upsized Offering of $725 Million of Series A Convertible Senior Notes and $150 Million of Series B Convertible Senior Notes
Ormat Technologies, Inc. has announced the pricing of an upsized private offering of $725 million in Series A Convertible Senior Notes due 2031 and $150 million in Series B Convertible Senior Notes due 2031. The offering, increased from a previously announced $750 million total, is expected to close on March 20, 2026. The net proceeds, estimated at approximately $853.6 million, will be used to repurchase existing 2027 Notes, buy back common stock, and for general corporate purposes.
Ormat Technologies Launches 80 MW / 320 MWh Shirk Energy Storage Facility in California
Ormat Technologies Inc. has launched its 80 MW / 320 MWh Shirk Energy Storage Facility in Visalia, California, initiating commercial operations. This Battery Energy Storage System (BESS) is supported by a 15-year Resource Adequacy Purchase and Sale Agreement with the City of Riverside and benefits from a 40% Investment Tax Credit, leveraged through a hybrid tax equity partnership with Morgan Stanley Renewables. The project enhances grid reliability in California and strengthens Ormat’s energy storage portfolio.
Ormat Technologies, Inc. Announces Pricing of $875 Million in Convertible Senior Notes Offerings
Ormat Technologies, Inc. has announced the pricing of private offerings totaling $875 million in Convertible Senior Notes, consisting of $725 million in 1.50% Series A and $150 million in 0.00% Series B Notes, both due 2031. The net proceeds of approximately $853.6 million will be used to repurchase existing convertible notes due 2027, buy back shares of common stock, and for general corporate purposes. The offerings, which were increased from an initially projected $750 million, are expected to close on March 20, 2026, and reflect the company's strategic financial management and expansion into energy storage.
Ormat Technologies Prices $875M Convertible Notes Offering
Ormat Technologies announced the pricing of $875 million in convertible senior notes, consisting of $725 million in 1.50% Series A notes and $150 million in 0.00% Series B notes, both due in 2031. The company intends to use the proceeds to repurchase existing 2.50% convertible senior notes due 2027 and for general corporate purposes. This strategic move aims to refinance existing debt, reduce interest costs, and secure additional capital for its renewable energy projects and growth initiatives.
Ormat Technologies, Inc. Announces Pricing of $875 Million in Convertible Senior Notes Offerings
Ormat Technologies, Inc. has priced private offerings of $875 million in convertible senior notes, including $725 million in 1.50% Series A notes and $150 million in 0.00% Series B notes, both due 2031. The net proceeds, estimated at $853.6 million, will be used to repurchase existing convertible notes due 2027, buy back shares of common stock, and for general corporate purposes. This move follows an increase in the offering size from an initial $750 million, and the offerings are expected to close on March 20, 2026.
Ormat Technologies, Inc. Announces Pricing of Upsized Offering of $725 Million of Series A Convertible Senior Notes and $150 Million of Series B Convertible Senior Notes
Ormat Technologies, Inc. announced the pricing of an upsized private offering of convertible senior notes, totaling $725 million in Series A and $150 million in Series B notes, an increase from the previously announced $750 million. The company plans to use the net proceeds to repurchase a portion of its 2027 convertible senior notes and some of its common stock, with the remainder allocated for general corporate purposes. The sale is expected to close on March 20, 2026, with conversion rates set and specific interest terms for each series of notes.
Ormat locks in 2031 convertibles, including $150M notes with 0% interest
Ormat Technologies has announced the pricing of an upsized private offering of $725 million in 1.50% Series A convertible senior notes and $150 million in 0.00% Series B convertible senior notes, both due in 2031. The net proceeds, estimated at approximately $853.6 million, will primarily be used to repurchase existing 2027 convertible notes, fund share repurchases, and for general corporate purposes. This move aims to manage the company's capital structure and offset potential dilution.
Ormat to raise $750M in convertibles, swap 2027 debt and buy stock
Ormat Technologies announced plans for private offerings of $600 million Series A and $150 million Series B convertible senior notes due 2031. The company intends to use the proceeds, along with cash on hand, to repurchase a portion of its outstanding 2027 convertible notes, buy back up to $25 million of common stock, and for general corporate purposes. This financial move aims to manage debt and mitigate potential shareholder dilution, with historical data suggesting offering-related news can lead to immediate negative stock reactions.
Ormat Technologies, Inc. Announces Proposed Offering of $600 Million of Series A Convertible Senior Notes and $150 Million of Series B Convertible Senior Notes
Ormat Technologies, Inc. announced its intention to offer $600 million in Series A Convertible Senior Notes due 2031 and $150 million in Series B Convertible Senior Notes due 2031 through private offerings. The company plans to use the proceeds, along with cash on hand, to repurchase existing 2027 convertible notes and common stock, and for general corporate purposes. Both series of notes will mature on March 15, 2031, are unsecured senior obligations, and may be convertible by holders under specific conditions.
Ormat Technologies, Inc. Announces Proposed Offering of $600 Million of Series A Convertible Senior Notes and $150 Million of Series B Convertible Senior Notes
Ormat Technologies, Inc. announced its intention to offer $600 million in Series A Convertible Senior Notes and $150 million in Series B Convertible Senior Notes, both due 2031, through private offerings. The company plans to use the proceeds to repurchase a portion of its outstanding 2027 convertible senior notes and common stock, and for general corporate purposes. These actions aim to offset the dilutive effect of the 2027 Notes.
Lombard Odier Asset Management USA Corp Purchases Shares of 26,010 Ormat Technologies, Inc. $ORA
Lombard Odier Asset Management USA Corp has acquired 26,010 shares of Ormat Technologies (NYSE:ORA) in Q3, valued at approximately $2.503 million. The article also notes recent insider selling by Jessica Woelfel and details Q4 earnings which showed a 19.6% revenue increase year-over-year, alongside a declared quarterly dividend of $0.12. Analysts currently hold a "Moderate Buy" rating for Ormat Technologies, with an average target price of $129.09.
Ormat Technologies, Inc. $ORA Shares Purchased by Aquatic Capital Management LLC
Aquatic Capital Management LLC significantly increased its stake in Ormat Technologies (NYSE:ORA) by 134.3% during the third quarter, now owning 48,222 shares valued at $4.64 million. Several other institutional investors also adjusted their holdings in the energy company. Amidst these transactions, an insider sold shares, and various Wall Street analysts have issued "Buy" or "Hold" ratings with an average target price of $129.09 for ORA.
Ormat Technologies (ORA) Valuation Check After Shirk Energy Storage Milestone And Long Term Contract Win
Ormat Technologies (ORA) recently brought its Shirk energy storage facility into commercial service, adding 80MW and 320MWh of battery capacity under a 15-year agreement. While the company has seen strong long-term stock performance, recent short-term returns have been mixed. The article discusses ORA's valuation, noting it is framed as 13.8% undervalued based on a narrative of long-term geothermal and storage growth, but also points out its high P/E ratio compared to industry averages.
Ormat Technologies Announces Signing of ‘Blend-and-Extend’ Amendment for CD4 Geothermal Power Plant
Ormat Technologies has signed a "blend-and-extend" amendment to existing power purchase agreements (PPAs) for a portion of its 35MW Casa Diablo-IV (CD4) geothermal power plant. This amendment with Central Coast Community Energy and Silicon Valley Clean Energy extends the contracts by five years to 2037, increases contracted capacity from 14MW to 15MW, and raises pricing by approximately 27%, effective October 1, 2026. This move aligns with Ormat's strategy to proactively re-contract agreements at improved rates and enhance long-term revenue visibility.
Ormat commences commercial operation of Shirk energy storage facility
Ormat Technologies Inc. has begun commercial operations at its Shirk energy storage facility, an 80 MW/320 MWh battery energy storage system in Visalia, California. This project aims to enhance grid reliability and meet California's energy needs, qualifying for a 40% Investment Tax Credit which Ormat plans to monetize through a partnership with Morgan Stanley Renewables, Inc. The CEO highlighted the facility's contribution to the company's energy storage platform and California's clean energy transition.
Ormat commences commercial operation of Shirk energy storage facility
Ormat Technologies Inc. has announced the commercial operation of its 80 MW/320 MWh Shirk energy storage facility in Visalia, California. This facility, backed by a 15-year resource adequacy agreement with the City of Riverside, will enhance grid reliability and support California's clean energy transition. The project also qualifies for a 40% Investment Tax Credit, which Ormat plans to monetize through a hybrid tax equity partnership.
Ormat Commences Commercial Operation of the 80MW/320MWh Shirk Energy Storage Facility in California
Ormat Technologies Inc. announced the commercial operation of its 80MW/320MWh Shirk energy storage facility in Visalia, California. This project is backed by a 15-year Resource Adequacy contract with the City of Riverside and qualifies for a 40% Investment Tax Credit, which will be monetized through Ormat's hybrid tax equity partnership with Morgan Stanley Renewables. The facility strengthens Ormat's energy storage portfolio and supports California's grid reliability and clean energy transition.
Ormat Commences Commercial Operation of the 80MW/320MWh Shirk Energy Storage Facility in California
Ormat Technologies Inc. has announced the commercial operation of its 80MW/320MWh Shirk energy storage facility in Visalia, California. This project is backed by a 15-year Resource Adequacy Purchase and Sale Agreement with the City of Riverside and qualifies for a 40% Investment Tax Credit, which Ormat plans to monetize through a hybrid tax equity partnership with Morgan Stanley Renewables. The facility is a significant step in Ormat's expansion of its energy storage portfolio and supports California's grid reliability and clean energy transition.
