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, and internationally. It operates in 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, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; 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 battery energy storage systems and related services. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.
Future Outlook | With a $73-$75 price target range, Ormat's success hinges on capacity expansion, PPA pricing, and execution of new ventures in a competitive landscape |
Strategic Diversification | Explore Ormat's ventures into Energy Storage and AI-powered data centers, potentially positioning the company at the forefront of clean energy innovation |
Financial Resilience | Despite setbacks, Ormat surpassed Q2 expectations with $440M EBITDA, raising 2024 targets. Analysts project continued profitability |
Geothermal Giant | Ormat Technologies, a $4.4B market cap leader in geothermal and recovered energy power, faces growth opportunities amid operational challenges |
Metrics to compare | ORA | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipORAPeersSector | |
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P/E Ratio | 33.7x | 17.9x | 11.8x | |
PEG Ratio | 4.40 | 0.19 | 0.02 | |
Price / Book | 1.7x | 1.2x | 1.3x | |
Price / LTM Sales | 4.5x | 2.5x | 1.5x | |
Upside (Analyst Target) | 15.7% | 42.4% | 23.1% | |
Fair Value Upside | Unlock | 2.2% | 3.9% | Unlock |