Ormat Technologies, Inc. (ORA)

Ormat Technologies' stock (ORA) has experienced positive momentum, with its share price increasing by 63.10% from December 23, 2024, to December 22, 2025, reaching a 52-week high of $119.09 USD on January 12, 2026. Ormat reported strong third-quarter 2025 earnings, surpassing analyst expectations, leading to analysts raising price targets. Ormat partnered with SLB to accelerate geothermal asset development and commercialization. The company signed a strategic commercial agreement with Sage Geosystems Inc. to promote its advanced Pressure Geothermal technology. Ormat launched commercial operations at its 60 MW/120 MWh Lower Rio energy storage facility in Texas, U.S. Ormat announced a 20-year PPA with Switch to supply clean energy from its Salt Wells geothermal plant in Nevada, marking its first direct PPA with a data center operator. TD Cowen upgraded Ormat Technologies from Hold to Buy, raising its price target from $115.00 to $130.00.

Demand for Ormat Technologies' core geothermal products and services is generally not subject to significant seasonality. Geothermal systems generate energy 24/7, providing a stable, baseload power source. The company's expansion into energy storage solutions further emphasizes its focus on delivering reliable, on-demand power. While specific demand for equipment sales might fluctuate based on project timelines, the underlying demand for the electricity generated by their owned and operated plants is consistent.

Ormat Technologies operates in the alternative and renewable energy sector, providing clean, reliable, and baseload power solutions. The company designs, develops, builds, owns, and operates geothermal and recovered energy-based power plants, utilizing its proprietary Ormat Energy Converter (OEC) technology. Ormat generates electricity through geothermal and solar photovoltaic (PV) power plants. The company designs, manufactures, and sells equipment for geothermal and REG power plants, offering EPC services. Ormat provides energy storage services, including battery energy storage systems (BESS) and hybrid geothermal and solar PV solutions, with a growing portfolio. Ormat's mission is to be a leading global provider of renewable energy, building a geographically balanced portfolio of geothermal, REG, and energy storage assets to deliver reliable, 24/7 power.

Ormat Technologies has a diversified global footprint, owning and operating geothermal and solar power plants across various regions. The company's generating portfolio is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe. Ormat has supplied over 1,000 turbochargers worldwide, with operations in North America, South America, Europe, Australia, and Asia. Its main production facilities are located in Yavne, Israel.

Ormat Technologies maintains a strong brand reputation within the renewable energy sector, built on its long history of innovation and commitment to sustainable energy solutions. The company's vision centers on driving innovation and solidifying its leadership in the geothermal market. Ormat's dedication to environmental action is highlighted in its 2024 Sustainability Report, where it reported helping to avoid approximately 2,488,811 metric tons of CO2e emissions.

Ormat Technologies, Inc. exhibits exceptionally high institutional ownership. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and State Street Corp. As of May 2017, the Japanese company Orix acquired the FIMI and Bronicki Investment Fund's share in Ormat.