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Ormat Technologies, Inc.

ORA

Utilities · 89.71 -2.1% today

Isolated · not yet confirmedMarket checked 1 Oct, 15:55 GMT-4

Market read

No connected market move is active around Ormat Technologies, Inc..

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company-2.1% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • ORA's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if ORA's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Utilities · Utilities - Renewable

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • ORA's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Oct 2, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations342
Usable filing statements144
Verified relationships7
Evidence supporting the case
  • Latest annual revenue changed +12.5% year over year.
Evidence challenging the case
  • Operating margin changed -2.5 percentage points in the latest annual period.
  • Net margin changed -1.5 percentage points in the latest annual period.
Questions before a position
  • EV/sales is 172% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Oct 1, 2026

89.71
6m-21.1%12m-6.8%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$663.1M-6.0%$1.10+8.6%
2022-12-31$734.2M+10.7%$1.17+0.2%
2023-12-31$829.4M+13.0%$2.08+5.8%
2024-12-31$879.7M+6.1%$2.04+1.7%
2025-12-31$989.5M+12.5%$2.02+0.9%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 5 filings
“Product segment revenues vary from period to period because of the timing of our receipt of purchase orders and the progress of our equipment manufacturing and execution of the relevant project.”
10-Q · Aug 6, 2026 ↗
Legal and regulatory exposuremixed · 3 filings
“Additionally, as of March 31, 2026, we were not in compliance with the Platanares DFC Loan finance agreement due to a breach of payment terms by the offtaker under the PPA.”
10-Q · May 7, 2026 ↗
Credit and interest ratesnegative · 2 filings
“This increase of $7.3 million was primarily attributable to interest expense relating to issuance of the 2031 Convertible Notes in March 2026, and loan agreements and tax monetization transactions entered into subsequently to the second quarter of 2025.”
10-Q · Aug 6, 2026 ↗
Energy and commodity pricesnegative · 2 filings
“This increase was partially offset by: (i) $3.7 million decrease in revenues in our Puna power plant, primarily due to reduction in Puna’s energy rates that are tied to oil prices as well as lower generation due to adverse weather during the first quarter of…”
10-Q · May 7, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.6× · EV/sales 8.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

89.71-2.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for ORA. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for ORA. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind ORA

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BRCBrady CorporationcustomerMay 7, 2026 ▾

“In addition to the Puna rates that are impacted by higher commodity prices, the energy payments pursuant to our PPAs for some of our power plants such as the Brady power plant, the Steamboat 2 and 3 power plants and the McGinness Complex increase every year t…”

PWFiling-linked namecustomerNov 5, 2025 ▾

“Concentration of Credit Risk Our credit risk is currently concentrated with the following major customers: Sierra Pacific Power Company and Nevada Power Company (subsidiaries of NV Energy), SCPPA and KPLC.”

MSMorgan StanleypartnerMay 7, 2026 ▾

“30 The Shirk project qualifies for a 40% Investment Tax Credit (ITC), which the Company monetized the tax benefits as part of the hybrid tax equity partnership with Morgan Stanley Renewables, Inc.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

ORA is currently a Leader in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.