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, a $4.4B market cap leader in geothermal and recovered energy power, faces growth opportunities amid operational challenges |
Financial Resilience | Despite setbacks, Ormat surpassed Q2 expectations with $440M EBITDA, raising 2024 targets. Analysts project continued profitability |
Strategic Diversification | Explore Ormat's ventures into Energy Storage and AI-powered data centers, potentially positioning the company at the forefront of clean energy innovation |
Future Outlook | With a $73-$75 price target range, Ormat's success hinges on capacity expansion, PPA pricing, and execution of new ventures in a competitive landscape |
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 | 35.0x | 17.9x | 11.9x | |
PEG Ratio | −18.22 | 0.03 | 0.02 | |
Price/Book | 1.8x | 1.7x | 1.3x | |
Price / LTM Sales | 4.9x | 2.2x | 1.5x | |
Upside (Analyst Target) | 8.9% | 24.2% | 17.9% | |
Fair Value Upside | Unlock | −0.1% | 3.8% | Unlock |