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Ormat Technologies Inc   (ORA)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $65.8100 $0.66 1.013%
Day's High: $66.49 Week Perf: 3.1 %
Day's Low: $ 64.04 30 Day Perf: 1.75 %
Volume (M): 393 52 Wk High: $ 90.95
Volume (M$): $ 25,837 52 Wk Avg: $75.69
Open: $65.14 52 Wk Low: $58.73



 Market Capitalization (Millions $) 3,936
 Shares Outstanding (Millions) 60
 Employees 1,400
 Revenues (TTM) (Millions $) 829
 Net Income (TTM) (Millions $) 133
 Cash Flow (TTM) (Millions $) 61
 Capital Exp. (TTM) (Millions $) 618

Ormat Technologies Inc
Ormat Technologies, Inc. is a publicly-traded company that provides renewable energy solutions through the development, manufacture, and sale of geothermal power systems. The company was founded in 1965 and is headquartered in Reno, Nevada.

Ormates geothermal power systems are used to convert heat generated by the earthes core into electricity, providing a sustainable and reliable energy source. The companyes technology allows for the development and operation of geothermal power plants in a variety of locations, including areas with low-temperature resources, which were previously not viable for geothermal development.

Ormat has a proven track record of success in the geothermal industry, with over5 gigawatts of installed capacity across the world. The companyes development and operation of geothermal power plants have contributed significantly to the reduction of greenhouse gas emissions, making it a leader in the clean energy sector.

Ormat has a diversified business model, offering engineering, procurement, and construction services, as well as power purchase agreements, leases for geothermal resources, and energy storage solutions. The company also operates a segment focused on energy storage and management solutions, primarily using lithium-ion batteries.

In addition to its geothermal operations, Ormat has expanded its renewable energy offerings to include energy recovery systems for industrial processes, solar photovoltaic power systems, and waste-to-energy power systems.

Ormat has received numerous accolades for its commitment to sustainability and clean energy, including being named one of the World's Most Ethical Companies by Ethisphere Institute for three consecutive years.

Overall, Ormat Technologies, Inc. is a leader in the renewable energy sector, offering innovative solutions for the production and management of clean energy resources. The companyes dedication to sustainability and its commitment to reducing greenhouse gas emissions have made it a valuable and respected player in the energy industry.


   Company Address: 6140 Plumas Street Reno 89519 NV
   Company Phone Number: 356-9029   Stock Exchange / Ticker: NYSE ORA
   


   

Stock Performances by Major Competitors

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Management Announcement

Harnessing Earth's Heat: Ormat Technologies Expands Geothermal Power in Guadeloupe and Fuels Caribbean's Renewable Energy Transformation

Published Mon, Mar 4 2024 1:01 PM UTC

Ormat Technologies Signs PPA for a New Geothermal Power Plant in Guadeloupe
Agreement Supports Ormat's Capacity Growth Targets and Strategically Expands Its Presence in the Region
The renewable energy industry is on the rise globally, and geothermal power has emerged as an increasingly popular option for sustainable electricity generation. Ormat Technologies, a leadi...

Ormat Technologies Inc

Ormat Technologies Inc Shines with 73.59% Income Growth in 2023

The Electric Utilities company has reported positive earnings in its Dec 31, 2023 report. The company's revenue stood at $241.29 million, reflecting a year-on-year increase of 17.426% and a quarter-on-quarter improvement of 16.005%. The income per share also surged by 73.59% to $0.55, although sequentially, the net profit per share decreased by -6.63%.
The net profits for the financial year ending December 31, 2023, were $38.833 million, marking a significant increase of 91.95% from the previous year's net earnings of $20.231 million. This growth indicates the company's improving profit margins. The net margin rose to 16.09% in the same financial period, while the operating margin edged up slightly to 21.4%.

Management Announcement

Ormat Technologies: Energizing Growth and Climbing the Profit Ladder in Renewable Energy

Published Mon, Feb 12 2024 12:40 PM UTC



Ormat Technologies Inc, a leading renewable energy company, has recently secured approval for amendments to its Power Purchase Agreements (PPAs) with Hawaiian Electric. This move offers a fixed energy rate, extends the PPA, and allows for the expansion of their Puna geothermal project. In addition, we will analyze Ormat's return on average invested assets (ROI) for...

Product Service News

Ormat Technologies Expands Renewable Footprint Through Strategic Acquisition from Enel Green Power

Published Thu, Jan 4 2024 12:30 PM UTC

Renewable energy company, Ormat Technologies, has successfully completed the acquisition of a diverse portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA), marking a significant step forward in their commitment to sustainable energy solutions. The strategic move positions Ormat Technologies as a formidable player in the renewable energy indust...

Contract

Ormat Technologies Inc Signs a Landmark Energy Storage Deal with San Diego Community Power Amid Stiff Competition

Published Tue, Dec 12 2023 12:30 PM UTC


Ormat Technologies Inc. has secured a 15-year energy storage service agreement with San Diego Community Power (SDCP) for its Pomona 2 Energy Storage Facility. This partnership aims to support SDCP's steadfast mission to supply clean, reliable energy to its customers.
The new venture plays a vital role in catalyzing Ormat's ultimate vision of creating a world powere...






 

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