OverviewSuggest Edit

Ormat Technologies is a company engaged in geothermal and recovered energy generation (REG). It owns, operates, designs, manufactures, and sells geothermal and REG power plants based on the Ormat Energy Converter, a power generation unit that converts low-, medium- and high-temperature heat into electricity.

TypePublic
Founded1965
HQReno, NV, US
Websiteormat.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2019)1,408(+5%)
Job Openings43
Revenue (FY, 2020)$705.3 M(-5%)
Share Price (Sept 2021)$71.1
Cybersecurity ratingBMore

Key People/Management at Ormat Technologies

Doron Blachar

Doron Blachar

CEO
Shlomi Argas

Shlomi Argas

President, Head of Operations and Products
Assi Ginzburg

Assi Ginzburg

CFO
Hezi Kattan

Hezi Kattan

General Counsel & CCO
Ofer Benyosef

Ofer Benyosef

EVP Energy Storage and Business Development
Bob Sullivan

Bob Sullivan

Executive Vice President – Business Development
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Ormat Technologies Office Locations

Ormat Technologies has an office in Reno
Reno, NV, US (HQ)
6140 Plumas St
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Ormat Technologies Financials and Metrics

Ormat Technologies Revenue

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Ormat Technologies's revenue was reported to be $705.34 m in FY, 2020
USD

Revenue (FY, 2020)

705.3m

Gross profit (FY, 2020)

276.3m

Gross profit margin (FY, 2020), %

39.2%

Net income (FY, 2020)

101.8m

EBIT (FY, 2020)

214.0m

Market capitalization (14-Sept-2021)

4.0b

Closing stock price (14-Sept-2021)

71.1

Cash (31-Dec-2020)

448.3m

EV

4.3b
Ormat Technologies's current market capitalization is $4 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

692.8m719.3m746.0m705.3m

Revenue growth, %

4%4%

Cost of goods sold

424.4m448.8m476.7m429.1m

Gross profit

268.5m270.4m269.3m276.3m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

47.8m98.8m71.2m448.3m

Accounts Receivable

110.4m137.6m154.5m149.2m

Prepaid Expenses

40.3m51.4m12.7m15.4m

Inventories

19.6m45.0m34.9m35.3m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

170.2m110.1m93.5m101.8m

Depreciation and Amortization

115.1m132.2m148.8m156.6m

Inventories

(1.1m)(9.3m)5.5m178.0k

Accounts Payable

51.6m(56.7m)8.7m(5.4m)
USDQ1, 2017

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.1 x
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Ormat Technologies Operating Metrics

May, 2017Aug, 2017Nov, 2017FY, 2017May, 2018Aug, 2018Nov, 2018FY, 2018May, 2019Nov, 2019FY, 2019May, 2020

Countries

33

Managed Sites

2020222525252525252525

Patent Applications

994

Patents (US)

777763
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Ormat Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
U.S. GeothermalApril 24, 2018$109.9 m
Viridity Energy IncJanuary 03, 2017$35 m
HSS IIFebruary 09, 2010
Brady Power Partners
Heber Field Company
Heber Geothermal Company
Mammoth Pacific L.P.
OrCal Geothermal, Inc.
Oreg 1 Inc.
OrHeber 1, Inc.
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Ormat Technologies Revenue Breakdown

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Ormat Technologies revenue breakdown by business segment: 72.4% from Electricity, 25.6% from Product and 2.0% from Other

Ormat Technologies revenue breakdown by geographic segment: 50.7% from United States, 16.3% from Kenya, 11.9% from Turkey, 5.0% from Other Foreign Countries and 16.1% from Other

Human Capital Metrics

Ormat Technologies's employees are reported to be approximately 16% female and 84% male.
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Ormat Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Ormat Technologies Online and Social Media Presence

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Ormat Technologies News and Updates

Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2021 Financial Results

Call Will Be Webcast Simultaneously Call Will Be Webcast Simultaneously

Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2021 Financial Results

Call Will Be Webcast Simultaneously Call Will Be Webcast Simultaneously

Ormat Technologies, Inc. Investors: Company Investigated by the Portnoy Law Firm

Investors can contact the law firm at no cost to learn more about recovering their losses Investors can contact the law firm at no cost to learn more about recovering their losses

Glancy Prongay & Murray LLP, a National Class Action Law Firm, Continues Investigation of Ormat Technologies, Inc. (ORA) on Behalf of Investors

LOS ANGELES, March 18, 2021 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”), a national investor rights law firm, continues its investigation on behalf of Ormat Technologies, Inc. (“Ormat” or the “Company”) (NYSE: ORA) investors concerning the Company and its officers’ possible violati…

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Ormat Technologies, Inc. (ORA) on Behalf of Investors

BENSALEM, Pa., March 18, 2021 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith continues its investigation on behalf of Ormat Technologies, Inc. ("Ormat" or the "Company") (NYSE: ORA) investors concerning the Company and its officers’ possible violations of federal securities laws.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ormat Technologies, Inc. - ORA

NEW YORK, March 12, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors Ormat Technologies, Inc. ("Ormat" or the "Company")(NYSE: ORA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The...
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Ormat Technologies Frequently Asked Questions

  • When was Ormat Technologies founded?

    Ormat Technologies was founded in 1965.

  • Who are Ormat Technologies key executives?

    Ormat Technologies's key executives are Doron Blachar, Shlomi Argas and Assi Ginzburg.

  • How many employees does Ormat Technologies have?

    Ormat Technologies has 1,408 employees.

  • What is Ormat Technologies revenue?

    Latest Ormat Technologies annual revenue is $705.3 m.

  • What is Ormat Technologies revenue per employee?

    Latest Ormat Technologies revenue per employee is $501 k.

  • Who are Ormat Technologies competitors?

    Competitors of Ormat Technologies include U.S. Geothermal, Clearway Energy and NRG Energy.

  • Where is Ormat Technologies headquarters?

    Ormat Technologies headquarters is located at 6140 Plumas St, Reno.

  • Where are Ormat Technologies offices?

    Ormat Technologies has an office in Reno.

  • How many offices does Ormat Technologies have?

    Ormat Technologies has 1 office.