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ORA
Ormat Technologies Inc
NYSE· Utilities· Utilities - Renewable· CUSIP 686688102
$88.10-1.51%Price as of Oct 23, 00:49 UTC · updated once a day, after the close
At a glance
Ormat Technologies Inc (ORA) is listed on NYSE and classified in Utilities - Renewable, part of the Utilities sector. It is headquartered in Reno, United States and has 1,648 employees. The company is worth $5.42B and trades at 43.2x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $989.54M in fiscal 2025, up 12.5% from the year before. Net income was $123.9M. The share price is 39.8% below its 52-week high of $146.39. It pays a dividend yielding 0.54%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $21.17M. In that quarter, 2 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $5.42B
- P/E
- 43.2x
- Forward P/E
- 34.3x
- P/B
- 2.1x
- Dividend yield
- 0.54%
- Payout
- 23.53%
- EPS
- $2.04
- ROE
- 4.78%
- Profit margin
- 10.66%
- Revenue growth
- +10.60%
- Beta
- 0.90
- 52-week high
- $146.39
- 52-week low
- $85.77
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Ken GriffinAddedCitadel Advisors · Q2 2026$21.17M194.44K shares · 0.0% of portfolio- Cliff AsnessHeldAQR Capital Management · Q2 2026$4.95M45.45K shares · 0.0% of portfolio
- Two SigmaNew positionTwo Sigma Investments · Q2 2026$1.3M11.91K shares · 0.0% of portfolio
Ray DalioHeldBridgewater Associates · Q2 2026$405.76K3.73K shares · 0.0% of portfolio
Price over time
▲ +18.3% over 5Y.
today you would have $1,270.97▲ +27.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $110.47 | $67.72 | $75.79 | $86.48 | $79.30 | $90.28 | $74.52 | $52.30 | $63.96 | $53.62 | $36.47 | $27.18 | $27.21 | $19.28 | $18.03 | $29.58 | $37.84 | $31.87 | |
| P/E | 32.9x | 54.7x | 33.2x | 36.4x | 73.9x | 72.1x | 54.7x | 43.3x | 27.2x | 24.5x | 30.3x | 14.9x | 23.0x | 29.9x | — | — | 36.1x | 25.1x | 32.5x |
| P/S | 4.1x | 6.8x | 4.7x | 5.5x | 6.6x | 6.7x | 7.2x | 5.1x | 3.7x | 4.7x | 4.0x | 3.0x | 2.4x | 2.3x | 1.7x | 1.9x | 3.6x | 4.2x | 4.1x |
| P/B | 1.9x | 2.6x | 1.7x | 2.0x | 2.6x | 2.4x | 2.8x | 2.7x | 2.0x | 2.7x | 2.5x | 1.8x | 1.7x | 1.7x | 1.3x | 0.9x | 1.4x | 1.8x | 1.7x |
| EPS | $2.02 | $2.04 | $2.08 | $1.17 | $1.10 | $1.65 | $1.72 | $1.92 | $2.61 | $1.77 | $2.45 | $1.18 | $0.91 | -$4.69 | -$0.95 | $0.82 | $1.51 | $0.98 | |
| Dividend yield | 0.64% | 0.43% | 0.71% | 0.63% | 0.56% | 0.61% | 0.49% | 0.59% | 1.01% | 0.64% | 0.97% | 0.71% | 0.77% | 0.29% | 0.41% | 0.72% | 0.91% | 0.66% | 0.63% |
| Payout | 23.65% | 23.76% | 23.53% | 23.08% | 41.03% | 43.64% | 26.67% | 25.58% | 27.60% | 15.71% | 29.38% | 10.61% | 17.80% | 8.79% | — | — | 32.93% | 16.56% | 20.41% |
| Profit margin | 12.32% | 12.52% | 14.07% | 15.00% | 8.97% | 9.36% | 12.12% | 11.81% | 13.62% | 19.11% | 13.39% | 20.24% | 9.68% | 7.73% | -42.45% | -10.12% | 10.00% | 16.71% | 12.68% |
| ROE | 5.26% | 4.87% | 5.10% | 5.37% | 3.53% | 3.35% | 4.73% | 6.33% | 7.42% | 10.93% | 8.24% | 12.12% | 6.97% | 5.63% | -30.62% | -4.75% | 3.97% | 7.28% | 5.15% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$44.03
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$9.54
Earnings growing 4.1% a year plus a 0.5% dividend yield. Growth capped at 25%.
Earnings
$41.84
Median P/E of 20.5 among peers in the sector.
Earnings
$67.03
Median P/E of 32.9 across this company’s own years on record.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
$57.78
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividends
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $40.61 (avg. of 4)+Operating $57.78÷ 2 =$49.20
$49.20
5 methods answered, across 2 families.
$36.90
Room for errors in the reported numbers.
$88.10
-44.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| NJRNew Jersey Resources Corp | $53.63 | 14.4x | 2.1x | 3.73% | 14.45% | $5.44B |
| BEPCBrookfield Renewable Corp | $29.36 | — | — | 5.35% | -45.46% | $5.45B |
| PORPortland General Electric Co | $44.90 | 19.4x | 1.3x | 4.92% | 6.45% | $5.28B |
| SRSpire Inc | $85.56 | 24.8x | 1.4x | 3.86% | 8.11% | $5.06B |
| OKLOOklo Inc. | $27.01 | — | 1.5x | 0.00% | -7.70% | $5.02B |
| OGSONE Gas, Inc. | $78.25 | 16.2x | 1.4x | 3.48% | 8.58% | $4.92B |
About the company
- 1,648
- Reno, United States