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 owns and operates grid-connected, stand alone In Front of the Meter (IFM) battery energy storage BESS facilities, which provide capacity, energy, and ancillary services directly to the electric grid. 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.
Analyst Outlook | Average price target of $85.60, ranging from $78 to $103, reflecting varied views on Ormat's growth potential and execution capabilities |
Clean Energy Demand | Learn how rising electricity prices and data center partnerships could boost Ormat's profitability, with potential for doubling PPA rates |
Ambitious Expansion | Explore Ormat's strategy to increase generating capacity by 36% over three years, targeting 2.7GW by 2028 and projecting 11% EBITDA CAGR |
Geothermal Giant | Ormat Technologies leads global geothermal energy production, with a diverse portfolio spanning the US and international markets, poised for significant growth |

Metrics to compare | ORA | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipORAPeersSector | |
|---|---|---|---|---|
P/E Ratio | 55.9x | 36.8x | 12.7x | |
PEG Ratio | −56.94 | 0.39 | 0.02 | |
Price / Book | 2.7x | 3.6x | 1.3x | |
Price / LTM Sales | 7.0x | 2.9x | 1.7x | |
Upside (Analyst Target) | 12.6% | 22.8% | 10.6% | |
Fair Value Upside | Unlock | −17.4% | 2.3% | Unlock |