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Companies / Utilities / ORMAT TECHNOLOGIES, INC.
ORA

ORMAT TECHNOLOGIES, INC.

UtilitiesElectric, Gas & Water
Ticker ORARENO, NVFiscal year ends DecemberBook value per share $41.52Diluted shares 62.6M

Ormat Technologies, Inc. (NYSE: OEC) operates as a leading vertically integrated renewable energy company engaged primarily in geothermal power generation, with expanding operations in energy storage and solar photovoltaic systems. The company's website is www.ormat.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$989.54M
+12.5% year over year
Last 12 mo $1.19B
17.10%
−2.5 percentage points
Last 12 mo 16.61%
$126.99M
−3.2% year over year
Last 12 mo $128.38M
5.44%
+0.3 percentage points
Last 12 mo 4.88%
Cash & financing
$335.10M
−18.5% year over year
Last 12 mo $279.39M
$-284.67M
−270.9% year over year
Last 12 mo $-264.77M
0.26
Was 0.24× a year earlier
Last 12 mo 0.49
61.4M
+0.9% year over year
Last 12 mo 62.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What ORMAT TECHNOLOGIES, INC. does

In the company’s own words

Ormat Technologies, Inc. (NYSE: OEC) operates as a leading vertically integrated renewable energy company engaged primarily in geothermal power generation, with expanding operations in energy storage and solar photovoltaic systems. The company's website is www.ormat.com.

The company conducts business through three reportable segments. The Electricity Segment develops, builds, owns and operates geothermal, solar PV, and recovered energy power plants in the United States and internationally, selling generated electricity under long-term power purchase agreements. The Product Segment designs, manufactures and sells equipment for geothermal and recovered energy electricity generation, including Organic Rankine Cycle power units and provides engineering, procurement and construction services for power plants. The Energy Storage Segment owns and operates grid-connected battery energy storage systems providing capacity, energy and ancillary services to the electric grid.

As of February 2026, Ormat operates 35 power plants and complexes globally with aggregate generating capacity of 1,340 megawatts, comprising 1,031 megawatts of consolidated geothermal capacity, 50 megawatts of recovered energy generation, and 200 megawatts of solar capacity. The company also operates 19 battery energy storage projects with 415 megawatts and 1,038 megawatt-hours of capacity across the United States. Geothermal power plants represent 81.3 percent of Electricity Segment generating capacity and achieved 84 percent capacity factors in 2025, significantly exceeding typical wind and solar performance levels.

The company holds substantial land positions across 34 prospects in the United States and 16 prospects internationally in Ethiopia, Guatemala, Honduras, Indonesia and New Zealand supporting future geothermal development. Ormat's geothermal power plants sell substantially all output under long-term power purchase agreements with weighted average remaining terms of approximately 14 years. The company possesses proprietary technology involving original designs of Organic Rankine Cycles and holds 182 active patents and patent applications worldwide as of December 2025, covering power units and systems for geothermal and recovered energy electricity generation.

Company details
Sector
Utilities
Industry
Electric, Gas & Water
Headquarters
RENO, NV
Fiscal year end
December
CIK
1296445
SIC
4911

Financial performance, year by year

Fiscal 2013–2025 · USD
$-118.84M$237.69M$594.22M$950.75M$1.31B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns ORMAT TECHNOLOGIES, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

361
funds hold it
0 of 35
superinvestors hold it
$2.33B
held by funds, at market
33.2%
of shares held by funds
3
bond issues held by funds

Largest fund holders · ORMAT TECHNOLOGIES, INC.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.18%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.21%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.18%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

ORMAT TECHNOLOGIES, INC.’s bonds, as funds hold them

Funds report holding 3 issues of ORMAT TECHNOLOGIES, INC.’s debt, $151.95M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 1.46%, maturing 2027 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do ORMAT TECHNOLOGIES, INC. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of ORMAT TECHNOLOGIES, INC.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in ORMAT TECHNOLOGIES, INC.'s last four quarterly filings that the numbers alone won't show?”
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