Ormat Technologies, Inc. (ORA)
Utilities · NYQ
Price as at 30 Sept 2026, 22:48 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Ormat Technologies, Inc. trades at $91.49, which is 53% above the $42.94 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 38 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 51.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ORA dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.360 | 3 |
| 2025 | $0.480 | 4 |
| 2024 | $0.480 | 4 |
| 2023 | $0.480 | 4 |
| 2022 | $0.480 | 4 |
| 2021 | $0.480 | 4 |
| 2020 | $0.440 | 4 |
| 2019 | $0.440 | 4 |
| 2018 | $0.530 | 4 |
| 2017 | $0.410 | 4 |
| 2016 | $0.520 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
ORA earnings and analyst estimates
Recommendation mix, 13 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Ormat Technologies, Inc.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
ORA passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
11 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Impax Asset Management, Impax Asset Management Group plc$55.86M · 0.4% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$28.45M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$26.90M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$21.17M · 0.0% of book
- Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co. LLC$10.79M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
ORA peers
The largest companies in the same industry (Utilities - Renewable), then in the same sector.
- BEP Brookfield Renewable Partners L.P.
- ENLT Enlight Renewable Energy Ltd
- CWEN Clearway Energy, Inc.
- FRVO Fervo Energy Company
- FLNC Fluence Energy, Inc.
- XIFR XPLR Infrastructure, LP
- NRGV Energy Vault Holdings, Inc.
- SAFX XCF Global, Inc.
Every utilities company we cover is on the Utilities hub.
Common questions
Is Ormat Technologies, Inc. (ORA) undervalued?
Against our fair value estimate of $42.94, ORA at $91.49 is 53% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own ORA?
11 of the institutions we track reported a position in ORA in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is ORA's P/E ratio?
ORA trades at 51.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Ormat Technologies, Inc. (ORA) pay a dividend?
Yes. Ormat Technologies, Inc. yields 0.45% at the current share price. It has paid $0.480 per share over the trailing twelve months. It has paid a dividend in each of the last 21 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its ORA data?
Fundamentals for ORA come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 22:48 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for ORA, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.