ORA - NYSE

Ormat Technologies, Inc.

ORA·NYSE

$142.45

-1.8%

UtilitiesRenewable Utilities

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, 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, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$8.75B

EPS2.0400

P/E Ratio69.83

Earnings Date08/05/2026

6.25B

Assets

10%

3Y+35.0%

5Y+61.0%

10Y+154.0%

3.56B

Total Liabilities

14%

3Y+38.0%

5Y+83.0%

10Y+175.0%

2.69B

Total Equity

3Y+33.0%

5Y+38.0%

10Y+130.0%

Ormat Technologies, Inc. Funding & Solvency Profile

ORA · NYSE

Current Assets

Cash & Cash Equivalents280.87M

Net Receivables231.49M

Inventory45.27M

Other Current Assets40.14M

Total Current Assets598 M

Non-Current Assets

Property, Plant & Equipment4.77B

Goodwill & Intangible Assets442.79M

Long-Term Investments237.11M

Other Non-Current Assets62.74M

Total Non-Current Assets5 B

Total Assets

6.25B

Financial Health Analysis

Current Ratio

0.81x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

1.32x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

-140619000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

10% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital with limited cash reserves requires immediate attention—potential liquidity crisis if not addressed promptly.

Ormat Technologies, Inc. Balance Sheet

ORA • NYSE

Ormat Technologies, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	280.9M	94.4M	195.8M	95.9M	239.3M	448.3M	71.2M	98.8M	47.8M	230.2M	185.9M	40.2M	57.4M	66.6M	99.9M	82.8M	46.3M	34.4M	47.2M	20.3M
Short-Term Investments	0.0	0.0	0.0	0.0	43.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	18.5M	0.0	0.0	24.4M	13.5M	96.5M
Cash & Short-Term Investments	280.9M	94.4M	195.8M	95.9M	282.6M	448.3M	71.2M	98.8M	47.8M	230.2M	185.9M	40.2M	57.4M	66.6M	118.4M	82.8M	46.3M	58.8M	60.7M	116.7M
Net Receivables	231.5M	244.1M	271.6M	177.6M	150.8M	191.7M	214.9M	199.1M	165.2M	150.5M	88.3M	88.3M	128.5M	74.6M	65.2M	69.4M	76.8M	73.9M	59.8M	53.8M
Accounts Receivables	194.8M	164.1M	208.7M	128.8M	122.9M	149.2M	154.5M	137.6M	110.4M	80.8M	55.3M	78.2M	117.4M	55.7M	55.8M	61.2M	68.9M	56.8M	50.5M	47.7M
Other Receivables	36.7M	80M	62.9M	48.8M	27.8M	42.5M	60.4M	61.5M	54.8M	69.7M	33M	10.1M	11M	18.2M	9.4M	8.2M	7.9M	17.1M	9.3M	6.2M
Inventory	45.3M	38.1M	45M	22.8M	28.4M	35.3M	34.9M	45M	19.6M	12M	18.1M	16.9M	22.3M	20.7M	12.5M	12.5M	15.5M	13.7M	10.3M	7.4M
Prepaids	0.0	0.0	0.0	29.6M	35.9M	15.4M	12.7M	51.4M	40.3M	45.9M	33.3M	34.9M	29.7M	3M	0.0	14.9M	12.1M	16.2M	7.1M	4.9M
Other Current Assets	40.1M	170.6M	133.6M	130.8M	104.2M	88.5M	81.9M	78.7M	48.8M	34.3M	49.5M	93.5M	51.6M	34.8M	96M	25M	3.6M	3M	31M	59.7M
Total Current Assets	597.8M	547.1M	646M	456.7M	601.9M	779.2M	415.7M	473.1M	321.6M	472.8M	375.1M	273.9M	289.3M	276.8M	292.2M	204.7M	195.3M	165.7M	168.8M	242.6M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	4.8B	4.3B	3.8B	3.4B	3B	2.6B	2.4B	2.2B	2B	1.9B	1.8B	1.7B	1.7B	1.6B	1.9B	1.4B	1.5B	1.3B	977.8M	793.2M
Goodwill	168.2M	151M	90.5M	90.3M	90M	24.6M	20.1M	20M	21M	6.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets	274.5M	301.7M	307.6M	333.8M	363.3M	194.4M	186.2M	199.9M	85.4M	52.8M	25.9M	28.7M	31.9M	35.5M	38.8M	40.3M	42M	44.9M	48M	50.1M
Goodwill & Intangible Assets	442.8M	452.8M	398.2M	424.2M	453.3M	219M	206.4M	219.8M	106.5M	59.4M	25.9M	28.7M	31.9M	35.5M	38.8M	40.3M	42M	44.9M	48M	50.1M
Long-Term Investments	237.1M	144.6M	125.4M	115.7M	105.9M	98.2M	81.1M	72M	34.1M	-35.4M	-32.7M	-251K	7.1M	2.6M	3.8M	5.5M	36.2M	33M	33M	37M
Tax Assets	138.9M	153.9M	152.6M	161.4M	143.5M	119.3M	129.5M	113.8M	20.1M	35.4M	32.7M	251K	891K	54M	1.8M	17.1M	22.5M	14M	12.4M	6.2M
Other Non-Current Assets	62.7M	75.4M	44.6M	39.8M	78.9M	67M	38.3M	21.5M	56M	66.2M	83.9M	84.7M	89M	50.1M	89.1M	350.3M	41.8M	35.5M	34.9M	31.1M
Total Non-Current Assets	5.6B	5.1B	4.6B	4.2B	3.8B	3.1B	2.8B	2.6B	2.2B	2B	1.9B	1.8B	1.9B	1.8B	2B	1.8B	1.7B	1.5B	1.1B	917.5M
Other Assets	0.0	1K	0.0	0.0	0.0	-1K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	6.2B	5.7B	5.2B	4.6B	4.4B	3.9B	3.3B	3.1B	2.6B	2.5B	2.3B	2.1B	2.2B	2B	2.3B	2B	1.9B	1.6B	1.3B	1.2B
LIABILITIES
CURRENT LIABILITIES
Total Payables	135.5M	137.4M	150.3M	89.2M	86.2M	97.1M	87.6M	56.3M	64.3M	48.3M	41.4M	48.3M	49.6M	73.2M	74.7M	60.2M	50.6M	84.4M	63.6M	44.3M
Accounts Payable	124M	124.7M	140.7M	77.6M	75.2M	75.8M	73.3M	56.3M	64.3M	48.3M	41.4M	48.3M	49.6M	51.3M	69.9M	51.9M	46.4M	84.4M	63.6M	44.3M
Other Payables	11.5M	12.7M	9.6M	11.7M	11M	21.3M	14.4M	0.0	0.0	0.0	0.0	0.0	0.0	21.9M	4.8M	8.3M	4.2M	0.0	0.0	0.0
Accrued Expenses	31.4M	70.8M	63.5M	59.1M	55.8M	54.5M	52.1M	45.4M	41.9M	32.1M	33.1M	27.4M	31.4M	10.4M	25.5M	6.4M	2.1M	9.5M	8.4M	31.9M
Short Term Debt	490.5M	335.6M	299.2M	181.8M	386.4M	78.6M	226.1M	227.2M	109.3M	66M	62.7M	91.8M	80.4M	68.3M	55.6M	49M	52.2M	43.4M	65.8M	49.5M
Capital Lease Obligations (Current)	0.0	5M	4.6M	3.9M	5.3M	6.1M	5.8M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	12.7M	9.6M	11.7M	11M	21.3M	14.4M	11.4M	45.5M	10.7M	15M	7.4M	4.9M	5.9M	4.8M	8.3M	4.2M	0.0	0.0	0.0
Deferred Revenue	37.3M	49.2M	19.4M	9.8M	10.5M	12.4M	4.8M	18.4M	20.2M	31.6M	33.9M	24.7M	7.9M	25.4M	4.9M	2.9M	72.9M	74.4M	76.2M	78.9M
Other Current Liabilities	43.7M	0.0	0.0	0.0	0.0	0.0	0.0	33.1M	67.8M	10.7M	51.4M	38.3M	4.9M	60.2M	0.0	19.2M	28.2M	25.1M	8.7M	82.4M
Total Current Liabilities	738.4M	598.1M	537M	343.9M	544.2M	248.6M	376.5M	361.9M	283.3M	189.3M	188.5M	205.8M	186.3M	191.7M	193.8M	137.7M	139.6M	162.4M	146.5M	208.2M
NON-CURRENT LIABILITIES
Long Term Debt	2.3B	2.1B	1.8B	1.8B	1.5B	1.4B	1B	1B	804.3M	872.9M	838.7M	909.6M	997.5M	962.6M	441.7M	740.6M	572.2M	369.5M	314.5M	380.3M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	1.2M	48.4M	51.5M	54.6M	58.1M	60.6M	63.5M	66.4M	69M	71.3M	72.9M	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	79M	68.6M	66.7M	83.5M	84.7M	88M	97.1M	61.3M	17.6M	35.4M	32.7M	66.2M	55M	13.9M	54.7M	30.9M	44.5M	33.2M	20.7M	21.7M
Other Non-Current Liabilities	371.3M	328M	341.6M	286.6M	246.2M	201.9M	223.1M	155.2M	127M	139.5M	72.1M	92.6M	112M	105.7M	121.2M	117.6M	104.9M	108.9M	109.7M	109.1M
Total Non-Current Liabilities	2.8B	2.5B	2.2B	2.2B	1.9B	1.7B	1.4B	1.3B	1B	1.1B	1B	1.1B	1.2B	1.1B	1.2B	960.4M	803.7M	511.6M	445M	511.1M
Capital Lease Obligations	32.6M	29.1M	26.7M	26M	26.2M	28.1M	31M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	3.6B	3.1B	2.8B	2.6B	2.4B	1.9B	1.7B	1.7B	1.3B	1.3B	1.2B	1.3B	1.4B	1.3B	1.4B	1.1B	943.3M	674M	591.4M	719.2M
SHAREHOLDERS' EQUITY
Treasury Stock	-18M	-18M	-18M	-18M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	349K	405K	0.0	378K	355K	0.0	0.0
Common Stock	61K	61K	60K	56K	56K	56K	51K	51K	51K	50K	49K	46K	46K	46K	46K	46K	46K	45K	41K	38K
Additional Paid-In Capital	1.7B	1.6B	1.6B	1.3B	1.3B	1.3B	913.2M	901.4M	888.8M	869.5M	849.2M	742M	735.3M	732.1M	725.7M	716.7M	709.4M	701.3M	513.1M	353.4M
Retained Earnings	909.3M	814.5M	719.9M	623.9M	585.2M	550.1M	487.9M	422.2M	313.9M	216.6M	148.4M	41.5M	-6.7M	-38.4M	172.3M	221.3M	197M	144.5M	103.5M	85.1M
Accumulated Other Comprehensive Income/Loss	-2.1M	-6.7M	-1.3M	2.5M	-2.2M	-6.6M	-8.7M	-3.8M	-4.3M	-7.7M	-7.7M	-8.7M	487K	651K	595K	1M	622K	645K	1.4M	2.3M
Total Stockholders' Equity	2.5B	2.4B	2.3B	1.9B	1.9B	1.8B	1.4B	1.3B	1.2B	1.1B	990M	774.9M	732.7M	694.5M	898.7M	939.1M	907M	846.4M	618.1M	440.8M
Total Equity	2.7B	2.6B	2.5B	2B	2B	2B	1.5B	1.4B	1.3B	1.2B	1.1B	786.7M	745.1M	701.6M	906.6M	945.2M	911.7M	963.7M	683.5M	440.9M
Minority Interest	147.3M	135.3M	136.2M	163M	152.8M	145.3M	123M	125.3M	84.3M	91.6M	93.9M	11.8M	12.4M	7.1M	7.9M	6.1M	4.7M	117.2M	65.4M	64K
SUMMARY
Total Liabilities & Equity	6.2B	5.7B	5.2B	4.6B	4.4B	3.9B	3.3B	3.1B	2.6B	2.5B	2.3B	2.1B	2.2B	2B	2.3B	2B	1.9B	1.6B	1.3B	1.2B
Total Investments	237.1M	144.6M	125.4M	115.7M	149.2M	98.2M	81.1M	72M	34.1M	-35.4M	-32.7M	-251K	7.1M	2.6M	22.3M	5.5M	36.2M	57.4M	46.5M	133.5M
Total Debt	2.9B	2.5B	2.1B	2.1B	1.9B	1.5B	1.3B	1.3B	913.6M	938.8M	920.5M	1B	1.1B	1B	497.3M	789.7M	624.4M	412.9M	348.7M	429.9M
Net Debt	2.6B	2.4B	1.9B	2B	1.7B	1B	1.2B	1.2B	865.8M	708.6M	734.5M	961.2M	1B	964.3M	397.4M	706.9M	578.1M	378.5M	301.4M	409.6M
Shares Outstanding	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401	60,775,401

SEC Filings

ORA - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 21, 2026	June 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 23, 2026	March 17, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 25, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 26, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 17, 2026	February 17, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 05, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 03, 2025	November 03, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 07, 2025	August 06, 2025	2025	View Filing

Showing 1 to 10 of 369 filings

Related Guides

Blog Categories

Continue your ORA research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.