Ormat Technologies, Inc. engages in the geothermal and recovered energy power business worldwide. The Company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal 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, including fossil fuel powered turbo-generators and heavy duty direct-current generators. It also 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 geothermal power plants, interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

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Employee Rating

3.2More
TypePublic
HQReno, US
Founded1965
Size (employees)1,300 (est)+11%
Websiteormat.com
Ormat Technologies was founded in 1965 and is headquartered in Reno, US
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Key People/Management at Ormat Technologies

Doron Blachar

Doron Blachar

CFO
Zvi Krieger

Zvi Krieger

Executive Vice President – Electricity Segment
Bob Sullivan

Bob Sullivan

Executive Vice President – Business Development, Sales
Shlomi Argas

Shlomi Argas

Executive Vice President – Operations and Products
Nir Wolf

Nir Wolf

Executive Vice President - Market Development
Hezi Kattan

Hezi Kattan

General Counsel & CCO
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Ormat Technologies Office Locations

Ormat Technologies has an office in Reno
Reno, US (HQ)
6225 Neil Rd
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Ormat Technologies Financials and Metrics

Ormat Technologies Revenue

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Ormat Technologies's revenue was reported to be $692.81 m in FY, 2017
USD

Revenue (Q3, 2018)

116.9m

Gross profit (Q3, 2018)

(797.0k)

Gross profit margin (Q3, 2018), %

(0.7%)

Net income (Q3, 2018)

10.1m

EBIT (Q3, 2018)

25.9m

Market capitalization (14-Dec-2018)

2.7b

Closing stock price (14-Dec-2018)

53.3

Cash (30-Sep-2018)

72.0m
Ormat Technologies's current market capitalization is $2.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

533.2m559.5m594.6m662.6m692.8m

Revenue growth, %

5%6%11%

Cost of goods sold

373.4m355.8m376.4m391.8m424.4m

Gross profit

159.8m203.8m218.3m270.8m268.5m
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

57.4m40.2m185.9m230.2m47.8m

Accounts Receivable

Inventories

22.3m16.9m18.1m12.0m19.6m

Current Assets

289.3m273.9m375.1m472.8m321.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

42.0m55.0m123.3m101.5m170.2m

Depreciation and Amortization

92.9m100.8m107.2m106.0m115.1m

Inventories

(1.6m)5.4m(1.1m)6.3m(1.1m)

Accounts Payable

6.1m(9.6m)(339.0k)(1.4m)51.6m
USDY, 2018

Financial Leverage

2.1 x
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Ormat Technologies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
U.S. GeothermalJanuary 24, 2018$109.90 m
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Ormat Technologies News and Updates

Ormat Technologies Reports Third Quarter 2018 Financial Results

Total Revenue Of $166.5 Million, Electricity Revenue Up 5.4%; Reaffirms 2018 Full Year Guidance

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Ormat Technologies, Inc. To Contact The Firm

NEW YORK, July 30, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Ormat Technologies, Inc. ("Ormat" or the "Company") (NYSE:ORA) of the August 10, 2018 deadline to seek the role of lead plaintiff in a federal securities class action ...

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Ormat Technologies, Inc. To Contact The Firm

NEW YORK, July 30, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Ormat Technologies, Inc. ("Ormat" or the "Company") (NYSE:ORA) of the August 10, 2018 deadline to seek the role of lead plaintiff in a federal securities class action ...

RM LAW Announces Class Action Lawsuit Against Ormat Technologies, Inc.

BERWYN, Pa., June 15, 2018 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Ormat Technologies, Inc. (NYSE: ORA) ("Ormat" or the "Company") common shares between August 8, 2017 and May 15, 2018, inclusive...

Ormat Class Action: Bernstein Liebhard LLP Files Securities Class Action Lawsuit Against Ormat Technologies, Inc. - ORA

NEW YORK, June 11, 2018 /PRNewswire/ -- Bernstein Liebhard LLP has filed a securities class action lawsuit on behalf of those who purchased or acquired the securities of Ormat Technologies, Inc. ("Ormat" or the "Company") (NYSE: ORA) between August 8, 2017 and May 15, 2018, both dates...
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Ormat Technologies Company Life and Culture

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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, Zvi Krieger and Bob Sullivan.

  • How many employees does Ormat Technologies have?

    Ormat Technologies has 1,300 employees.

  • What is Ormat Technologies revenue?

    Latest Ormat Technologies annual revenue is $692.8 m.

  • What is Ormat Technologies revenue per employee?

    Latest Ormat Technologies revenue per employee is $532.9 k.

  • Who are Ormat Technologies competitors?

    Competitors of Ormat Technologies include Calpine, NRG Energy and A2A.

  • Where is Ormat Technologies headquarters?

    Ormat Technologies headquarters is located at 6225 Neil Rd, 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.