Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, and construction of geothermal and recovered energy-based power plants. The Energy Storage segment provides battery energy storage systems and related services. The company serves contractors, geothermal plant owners and operators, interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and biomass facilities owners and operators, as well as other companies engaged in energy-intensive industrial processes. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.
Geothermal Giant | Ormat Technologies, the world's largest geothermal energy producer, aims to increase its generating capacity by 36% to 2.7GW by 2028, positioning for significant growth |
Financial Resilience | Despite challenges, Ormat maintains strong financial performance with $150 million adjusted EBITDA and impressive margins in Energy Storage and Product segments |
Market Dynamics | Explore how rising demand for clean energy and data center partnerships could drive Ormat's growth, with recent PPAs reaching $110/MWh |
Analyst Outlook | With price targets ranging from $78 to $89, analysts maintain a cautiously optimistic view on Ormat's future prospects amid expansion plans and market opportunities |
Metrics to compare | ORA | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipORAPeersSector | |
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P/E Ratio | 48.2x | 5.5x | 11.8x | |
PEG Ratio | −65.35 | 0.02 | 0.02 | |
Price/Book | 2.5x | 1.6x | 1.3x | |
Price / LTM Sales | 7.0x | 2.7x | 1.6x | |
Upside (Analyst Target) | −6.4% | 12.1% | 11.9% | |
Fair Value Upside | Unlock | −1.7% | 3.1% | Unlock |