Ormat Technologies, Inc. (ORA)

Ormat Technologies reported Q2 2025 earnings of $0.48 per share, surpassing estimates, with a revenue increase of 9.9% year-over-year, leading to a stock price increase. The company extended a 25-year geothermal power purchase agreement with the Southern California Public Power Authority. Ormat announced a strategic commercial agreement with Sage Geosystems Inc. to pilot advanced Pressure Geothermal technology and partnered with SLB to accelerate the development and commercialization of integrated geothermal assets. Ormat launched commercial operations at its Lower Rio energy storage facility in Texas and its Montague energy storage facility in New Jersey, and achieved commercial operation for its Bottleneck project in California. Over the past six months, ORA insiders have engaged in 28 selling transactions with no purchases. A quarterly dividend of $0.12 per share was paid on September 3, 2025.

Ormat Technologies' primary business, geothermal power generation, provides baseload power, indicating a low degree of demand seasonality for its core electricity generation products. The demand for baseload clean energy is experiencing strong industry tailwinds due to the massive growth of data centers and AI-driven electricity needs. The energy storage segment helps balance power grids by storing excess electricity when demand is low and releasing it when demand peaks.

Ormat Technologies, Inc. operates in the alternative and renewable energy sector, focusing on geothermal energy solutions. The company is vertically integrated, engaging in the development, building, ownership, and operation of geothermal and recovered energy-based power plants. Ormat also designs, manufactures, and sells equipment for these power plants. Its major products and services are categorized into three segments: Electricity, Product, and Energy Storage.

Ormat Technologies has a significant global presence, with operations and projects across six continents. The company owns and operates geothermal power plants in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe. Ormat has supplied over 1,000 turbochargers worldwide, including in North America, South America, Europe, Australia, and Asia. Its energy storage portfolio is primarily located in the U.S.

Ormat Technologies maintains a strong brand reputation as a leader in the renewable energy sector, particularly in geothermal power and energy storage solutions. Collaborations with SLB and Sage Geosystems Inc. to develop enhanced geothermal systems (EGS) and advanced Pressure Geothermal technology highlight Ormat's commitment to pioneering next-generation geothermal solutions. The successful commissioning of new battery storage projects demonstrates Ormat's growing presence and capabilities in the energy storage market. Ormat has committed to achieving net-zero carbon emissions by 2050, aligning with global climate goals. Exceeding earnings expectations and securing long-term power purchase agreements reinforce investor confidence.

Ormat Technologies, Inc. has a mixed ownership structure, with a significant portion held by institutional investors, who own approximately 95.49% of the company's stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Orix Corp. Individual investors hold approximately 0.27% of the company's stock, while insiders own about 5.15% of the stock.